Guideline Value for Jeeva Nagar

Jeeva Nagar guideline value

The current guideline value of Jeeva Nagar, located in Thirukalukundrem A village under the Thirukazhukundram SRO, is Rs 600 per sq.ft, effective from 1 July 2024. This area falls under Residential Class I Type - III land classification.

How the guideline value of Jeeva Nagar has changed

The guideline value for Jeeva Nagar has seen several revisions over the years. In 2017, the guideline value was Rs 402 per sq.ft. This figure remained unchanged in the subsequent revisions of 2023 and 2024, where it was set at Rs 600 per sq.ft, reflecting a significant increase of 49% from 2017 to 2023. The 2024 revision shows no change from the previous year, maintaining the value at Rs 600 per sq.ft.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street. This lack of data indicates that the guideline value remained stable for several years before the notable increase in 2017.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are a total of 149 streets under the Thirukazhukundram SRO that have a guideline value for 2024, ranging from Rs 300 to Rs 1,344 per sq.ft. The median value is Rs 600 per sq.ft, which is equal to the current guideline value of Jeeva Nagar.

• Jokkiyar Natham: Rs 300 per sq.ft (2024)
• Jaheer Hussain Street: Rs 800 per sq.ft (2024)
• Kadai Street Bazaar Veethi: Rs 1,250 per sq.ft (2024)
• Irular Colony (Erikkarai Street): Rs 300 per sq.ft (2024)
• Kalvai Street: Rs 600 per sq.ft (2024)
• Kammalar Street: Rs 1,005 per sq.ft (2024)

Stamp duty and registration fee for property in Jeeva Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 600 per sq.ft, the total guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jeeva Nagar?

The Sub Registrar Office that covers Jeeva Nagar is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for additional details.

How the guideline value is used when you buy or sell in Thirukalukundrem A

The guideline value plays a crucial role in the registration of property transactions in Thirukalukundrem A. When buying or selling property, the guideline value is used to determine the applicable stamp duty and registration fees, ensuring that all transactions are conducted according to the established legal framework.

Frequently asked questions

What is the current guideline value of Jeeva Nagar?

The current guideline value of Jeeva Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased by 49%, from Rs 402 per sq.ft to Rs 600 per sq.ft in 2023 and 2024. There was no change in the value between 2023 and 2024.

What is the land classification of Jeeva Nagar?

Jeeva Nagar is classified as Residential Class I Type - III, indicating its suitability for residential development.

How is stamp duty calculated for property in Jeeva Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 6,00,000, the stamp duty would be Rs 42,000 at a rate of 7%.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Jeeva Nagar is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find more details on how to locate your SRO online.