Guideline Value for Jeeva Street

Jeeva Street guideline value

The current guideline value of Jeeva Street in Pozhichalur village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Pammal SRO and is classified as Residential Class II Type - I.

How the guideline value of Jeeva Street has changed

The guideline value for Jeeva Street has seen several revisions over the years. The oldest recorded revision was in 2017, where the value was Rs 670 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 set the guideline value at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for Jeeva Street in the revisions of 2002, 2003, 2007, and 2012. Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%.

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO with 2024 guideline values ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, positioning Jeeva Street's 2024 figure below the median.

• Jeevadoss Nagar: Rs 1,100 per sq.ft (2024)
• Jayanthi Nagar Karumariyamman Koil Street: Rs 1,100 per sq.ft (2024)
• Jayanthi Nagar: Rs 1,320 per sq.ft (2024)
• J.J. Nagar: Rs 1,320 per sq.ft (2024)
• Jothi Mani Street: Rs 1,100 per sq.ft (2024)
• Jagajeevan Ram Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Jeeva Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Jeeva Street?

The Sub Registrar Office that covers Jeeva Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Pozhichalur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The guideline value is set by the government and reflects the market rate for properties in that area.

When selling property, the guideline value ensures that the transaction is registered at a fair value, preventing undervaluation of properties. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Jeeva Street?

The current guideline value of Jeeva Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 670 per sq.ft to Rs 1,100 per sq.ft in 2024, which is an overall increase of 64%.

What is the land classification of Jeeva Street?

Jeeva Street is classified as Residential Class II Type - I, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for property in Jeeva Street?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where is the Sub Registrar Office for Jeeva Street located?

The Sub Registrar Office for Jeeva Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.