Guideline Value for Jeevanandam Salai Ch-78

Jeevanandam Salai Ch-78 guideline value

The current guideline value for Jeevanandam Salai Ch-78 is Rs 6,000 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village, under the Ashok Nagar SRO, and is classified as Residential Class II Type - III.

How the guideline value of Jeevanandam Salai Ch-78 has changed

The guideline value for Jeevanandam Salai Ch-78 has undergone several revisions over the years. In 2007, the guideline 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 dropped to Rs 3,685 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 5,500 per sq.ft in 2023, and currently stands at Rs 6,000 per sq.ft from the 2024 revision, reflecting a 9% increase from the previous year.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 396%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Jeevanandam Salai Ch-78 above this median.

• Jeevanandam Salai (Sivalingapuram): Rs 6,000 per sq.ft (2024)
• Jeevanandam Street S.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 Ch-78

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 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 calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jeevanandam Salai Ch-78?

The Sub Registrar Office that covers Jeevanandam Salai Ch-78 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 details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jeevanandam Salai Ch-78?

The current guideline value of Jeevanandam Salai Ch-78 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 the years.

What is the stamp duty rate for properties in Jeevanandam Salai Ch-78?

The stamp duty rate for properties in Jeevanandam Salai Ch-78 is 7% of the guideline value or sale price, whichever is higher.

What is the registration fee for properties in this area?

The registration fee for properties in Jeevanandam Salai Ch-78 is 2% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Jeevanandam Salai Ch-78?

The Sub Registrar Office for Jeevanandam Salai Ch-78 is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.