Guideline Value for Jeeva Street

Jeeva Street guideline value

The current guideline value of Jeeva Street is Rs 4,400 per sq.ft. This street is located in Tambaram village, under the Tambaram Joint 1 SRO, and is classified as Residential Special Type - II.

How the guideline value of Jeeva Street has changed

The guideline value of Jeeva Street has seen significant changes over the years. In 2002, the guideline value was Rs 307 per sq.ft, which increased to Rs 800 per sq.ft in 2003, marking a change of +161%. The value continued to rise, reaching Rs 2,500 per sq.ft in 2007, an increase of +213%. By 2012, the value was Rs 4,000 per sq.ft, reflecting a +60% change from the previous revision. However, this value decreased by -33% to Rs 2,680 per sq.ft in 2017. The guideline value then rose to Rs 4,000 per sq.ft in 2023, and most recently, it increased to Rs 4,400 per sq.ft effective from 1 July 2024, which is a +10% change.

Overall, from 2002 to 2024, the guideline value has increased by +1333%. There are no figures available for revisions in years other than those mentioned.

Guideline values in Tambaram

In Tambaram village, there are 360 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 8,250 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, making the current guideline value of Jeeva Street above that median.

• Johnson Street: Rs 4,400 per sq.ft (2024)
• Jothi Nagar: Rs 3,300 per sq.ft (2024)
• Jarusalam Nagar: Rs 2,200 per sq.ft (2024)
• Jagir Hussain Street: Rs 3,300 per sq.ft (2024)
• Kailasapuram 1st Street: Rs 2,200 per sq.ft (2024)
• Kailasapuram 2nd St: Rs 2,200 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 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. 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 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 Tambaram

The guideline value is a crucial factor when buying or selling property in Tambaram. It determines the minimum price at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees. Buyers and sellers must consider this value during negotiations and transactions.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Jeeva Street?

The current guideline value of Jeeva Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 307 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of +1333%.

What is the land classification of Jeeva Street?

Jeeva Street is classified as Residential Special Type - II, which is important for determining its use and valuation.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where is the Sub Registrar Office for Jeeva Street located?

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