Guideline Value for Jeeva Street

Jeeva Street guideline value

The current guideline value of Jeeva Street in Peerklankaranai village is Rs 1,320 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - III.

How the guideline value of Jeeva Street has changed

The guideline value for Jeeva Street has seen several revisions over the years. In 2012, the value was Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and further rose to Rs 1,320 per sq.ft in the 2024 revision. The register has no figure for this street in 2002, 2003, and 2007.

Between the revisions, there have been notable changes. The increase from 2017 to 2023 was +49%, while the change from 2012 to 2017 was a decrease of -33%. Overall, from 2012 to 2024, the guideline value has increased by +10%.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Jeeva Street's 2024 figure below that median.

• Irular Side Devanesan Nagar 3rd Cross Street: Rs 1,100 per sq.ft (2024)
• Irular Side Devanesan nagar 2nd Main Road: Rs 1,100 per sq.ft (2024)
• Irular Side Devanesan Nagar 2nd Cross Street: Rs 1,100 per sq.ft (2024)
• Irular Part 3rd Street: Rs 1,100 per sq.ft (2024)
• Irular Part 2nd Street: Rs 1,100 per sq.ft (2024)
• Irular Part 1st 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 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, totaling Rs 1,18,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jeeva Street?

The Sub Registrar Office that covers Jeeva Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Peerklankaranai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is compared to the sale price, with the higher amount being used to calculate the applicable duties and fees. This process helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Jeeva Street?

The current guideline value of Jeeva Street is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then increased to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What are the other streets in Peerklankaranai?

Other streets in Peerklankaranai include Irular Side Devanesan Nagar 3rd Cross Street, Irular Side Devanesan nagar 2nd Main Road, Irular Side Devanesan Nagar 2nd Cross Street, Irular Part 3rd Street, Irular Part 2nd Street, and Irular Part 1st Street, all with a guideline value of Rs 1,100 per sq.ft in 2024.

What is the registration fee for property in Jeeva Street?

The registration fee for property in Jeeva Street is calculated based on the guideline value or the sale price, whichever is higher. For a plot valued at Rs 13,20,000, the registration fee would be Rs 26,400 at 2%.

Which office handles the registration for Jeeva Street?

The Tambaram Joint 1 Sub Registrar Office handles the registration for Jeeva Street, located at No.26, Mes Road, East Tambaram, Chennai-600059.