Guideline Value for Jeevan Nagar

Jeevan Nagar guideline value

The current guideline value of Jeevan Nagar is Rs 900 per sq.ft. This area is located in Mambakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Jeevan Nagar has changed

The guideline value for Jeevan Nagar has undergone several revisions over the years. In the 2012 revision, the guideline value was set at Rs 900 per sq.ft. However, in the 2017 revision, this figure decreased to Rs 603 per sq.ft, reflecting a reduction of 33%. The most recent revision in 2023 saw the guideline value increase to Rs 900 per sq.ft, marking a 49% increase from the 2017 figure.

Overall, comparing the 2012 and 2023 revisions, the guideline value remains unchanged at Rs 900 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Mambakkam

Currently, there are no specific village figures provided for Mambakkam. Jeevan Nagar is one of the streets under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Jeevan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 900 per sq.ft, the guideline value amounts to Rs 9,00,000. The stamp duty at 7% would be Rs 63,000, and the registration fee at 2% would be Rs 18,000, totaling Rs 81,000. 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 Jeevan Nagar?

The Sub Registrar Office that covers Jeevan Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a critical factor when registering property transactions in Mambakkam. It is used to determine the stamp duty and registration fees that must be paid during the sale or purchase of property.

When a buyer or seller engages in a transaction, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate fees are collected by the government. This value serves as a reference point for both parties involved in the transaction.

Frequently asked questions

What is the current guideline value of Jeevan Nagar?

The current guideline value of Jeevan Nagar is Rs 900 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, before rising back to Rs 900 per sq.ft in 2023. Overall, there has been no change from 2012 to 2023.

What are the stamp duty and registration fees for property in Jeevan Nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 81,000.

Which office handles property registrations for Jeevan Nagar?

The Gooduvancheri Sub Registrar Office manages property registrations for Jeevan Nagar. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202.

Are there any other streets in Mambakkam with guideline values?

No specific guideline values for other streets in Mambakkam have been provided at this time.