Guideline Value for Jeevanandam Salai (Sivalingapuram)

Jeevanandam Salai (Sivalingapuram) guideline value

The current guideline value of Jeevanandam Salai (Sivalingapuram) is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village and falls under the Ashok Nagar SRO, with a land classification of Residential Class II Type - III.

How the guideline value of Jeevanandam Salai (Sivalingapuram) has changed

The guideline value for Jeevanandam Salai has seen several revisions over the years. In 2007, the value was Rs 1,210 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012, marking a rise of 355%. However, it then decreased to Rs 3,685 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 5,500 per sq.ft in 2023, before reaching the current rate of Rs 6,000 per sq.ft in 2024, which is a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 396%. The register does not contain figures for the years 2002 and 2003 for this street.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft, placing Jeevanandam Salai's current value above this median.

• Jeevanandam Salai Ch-78: Rs 6,000 per sq.ft (2024)
• Jeevanandam StreetS.No. 55 & 394/2: Rs 3,300 per sq.ft (2024)
• Jeevanandham (Cross) Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Jeevanandham Street Ch-78: Rs 6,000 per sq.ft (2024)
• Jeevarathinam Nagar Block 85: Rs 4,100 per sq.ft (2024)
• Jayaram Pillai Street (JPT): Rs 4,100 per sq.ft (2024)

Stamp duty and registration fee for property in Jeevanandam Salai (Sivalingapuram)

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value amounts to Rs 60,00,000. The stamp duty at 7% would be Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, bringing the total fees together to Rs 5,40,000. 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 detailed calculations.

Which Sub Registrar Office covers Jeevanandam Salai (Sivalingapuram)?

The Sub Registrar Office that covers Jeevanandam Salai (Sivalingapuram) is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When a property is bought or sold, the registration office uses the guideline value to calculate the applicable fees, ensuring that all transactions are in compliance with the local regulations. This helps maintain transparency in property dealings.

Frequently asked questions

What is the current guideline value of Jeevanandam Salai?

The current guideline value of Jeevanandam Salai (Sivalingapuram) is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,210 per sq.ft in 2007 to Rs 6,000 per sq.ft in 2024, reflecting an overall increase of 396% over this period.

What are the other streets with guideline values in Kodambakkam?

Other streets in Kodambakkam include Jeevanandam Salai Ch-78 and Jeevanandham Street Ch-78, both at Rs 6,000 per sq.ft, as well as Jeevanandam StreetS.No. 55 & 394/2 and Jeevanandham (Cross) Street (M.G.R.Nagar) at Rs 3,300 per sq.ft.

How is the stamp duty calculated for properties in Jeevanandam Salai?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a total fee of Rs 5,40,000.

Where can I find the Sub Registrar Office for Jeevanandam Salai?

The Ashok Nagar Sub Registrar Office covers Jeevanandam Salai (Sivalingapuram) and is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.