Guideline Value for Jeeva Sowcar Thottam

Jeeva Sowcar Thottam guideline value

The current guideline value of Jeeva Sowcar Thottam is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO and is classified as Residential Class II Type - I.

How the guideline value of Jeeva Sowcar Thottam has changed

The guideline value for Jeeva Sowcar Thottam has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,300 per sq.ft, an increase from Rs 1,200 per sq.ft in the 2023 revision. Prior to that, the value remained unchanged at Rs 1,200 per sq.ft from the 2012 revision, which itself had seen a significant increase from Rs 600 per sq.ft in the 2007 revision. The register has no figures for the years 2017, 2003, and 2002 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 117%. The 2023 to 2024 revision reflects an 8% increase, while the jump from 2007 to 2012 was a notable 100% increase.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value for these streets is Rs 1,600 per sq.ft, making the guideline value of Jeeva Sowcar Thottam lower than the median.

• Jeeva Nagar Main Road: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar Ist street: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar 9th Street: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar 8th Street: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar 7th Street: Rs 1,300 per sq.ft (2024)
• Jeeva Nagar 6th Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Jeeva Sowcar Thottam

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, making the total fees Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Jeeva Sowcar Thottam?

The Sub Registrar Office covering Jeeva Sowcar Thottam is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process of property transactions in Tondaiarpet. It serves as the basis for calculating the stamp duty and registration fees, ensuring that all transactions are recorded at a fair value as determined by the government.

When buying or selling property, it is essential to be aware of the current guideline value, as it impacts the overall cost of the transaction. Buyers should ensure that they are prepared for the associated fees based on this value.

Frequently asked questions

What is the current guideline value of Jeeva Sowcar Thottam?

The current guideline value of Jeeva Sowcar Thottam is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 117% over the years.

What is the land classification of Jeeva Sowcar Thottam?

Jeeva Sowcar Thottam is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Jeeva Sowcar Thottam?

The Sub Registrar Office for Jeeva Sowcar Thottam is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is stamp duty calculated for property in Jeeva Sowcar Thottam?

Stamp duty for property in Jeeva Sowcar Thottam is calculated based on the higher of the guideline value or the sale price. For example, a 1,000 sq.ft plot at the current guideline value incurs a total fee of Rs 1,17,000, including stamp duty and registration fees.