Guideline Value for Jeeva Theru

Jeeva Theru guideline value

The current guideline value of Jeeva Theru is Rs 2,310 per sq.ft, effective from 1 July 2024. This area is located in Perungalathur village, under the Padappai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Jeeva Theru has changed

The guideline value for Jeeva Theru has seen several revisions over the years. In 2012, the value was set at Rs 2,100 per sq.ft. This decreased to Rs 1,407 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,100 per sq.ft, which is a rise of 49%. The most recent revision in 2024 has set the value at Rs 2,310 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value is Rs 2,310 per sq.ft, which is equal to the guideline value of Jeeva Theru.

• J.K Avenue: Rs 3,960 per sq.ft (2024)
• Kaanaan Avenue: Rs 3,960 per sq.ft (2024)
• Kagapujanthkar Nagar: Rs 2,640 per sq.ft (2024)
• Kailash Avenue: Rs 2,300 per sq.ft (2024)
• Kailash Avenue and Extn: Rs 2,310 per sq.ft (2024)
• Kaja Hayath Nagar: Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Jeeva Theru

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value would be Rs 23,10,000. The stamp duty at 7% would be Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, making the total cost Rs 2,07,900. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jeeva Theru?

The Jeeva Theru area is covered by the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Perungalathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations.

When registering a property, the guideline value will be used to calculate the applicable fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and legally within the framework set by the Registration Department.

Frequently asked questions

What is the current guideline value of Jeeva Theru?

The current guideline value of Jeeva Theru is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,100 per sq.ft in 2012 to Rs 1,407 per sq.ft in 2017, then to Rs 2,100 per sq.ft in 2023, and finally to Rs 2,310 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Jeeva Theru?

For a property valued at Rs 23,10,000, the stamp duty would be Rs 1,61,700, and the registration fee would be Rs 46,200, totaling Rs 2,07,900.

Which office handles property registrations in Jeeva Theru?

The Padappai Sub Registrar Office handles property registrations in Jeeva Theru, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations.