Guideline Value for Jeevanandham Street (S.V.Nagar)

Jeevanandham Street (S.V.Nagar) guideline value

The current guideline value of Jeevanandham Street (S.V.Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village and falls under the Ambattur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Jeevanandham Street (S.V.Nagar) has changed

The guideline value for Jeevanandham Street (S.V.Nagar) has seen several revisions over the years. The 2007 revision set the value at Rs 400 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012. However, the value decreased to Rs 1,005 per sq.ft in 2017 before rising again to Rs 1,500 per sq.ft in 2023. The most recent revision in 2024 has set the value at Rs 1,600 per sq.ft, marking a 7% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 300%.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, indicating that Jeevanandham Street (S.V.Nagar) is below the median value.

• Jeevanandham Street (Vijayalakshmipuram): Rs 2,400 per sq.ft (2024)
• Jeevanantham Street(Vinayagapuram): Rs 2,400 per sq.ft (2024)
• Jeevarathinam Street(Vinayagapuram): Rs 2,400 per sq.ft (2024)
• Jegathabigai Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Jegathampal Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Jayaprakash Street (V.L.Puram): Rs 2,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jeevanandham Street (S.V.Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total fees to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jeevanandham Street (S.V.Nagar)?

The Sub Registrar Office that covers Jeevanandham Street (S.V.Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO online.

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

The guideline value is a crucial factor when registering property in Oragadam. It determines the minimum value at which a property can be registered and is used to calculate stamp duty and registration fees.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value, preventing undervaluation of properties during registration. It is essential for both buyers and sellers to be aware of the current guideline value for accurate financial planning.

Frequently asked questions

What is the current guideline value of Jeevanandham Street (S.V.Nagar)?

The current guideline value of Jeevanandham Street (S.V.Nagar) is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 300% over the years.

What is the land classification for Jeevanandham Street (S.V.Nagar)?

The land classification for Jeevanandham Street (S.V.Nagar) is Residential Class II Type - I.

Where can I find the registration office for Jeevanandham Street (S.V.Nagar)?

The registration office for Jeevanandham Street (S.V.Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is stamp duty calculated for properties in Oragadam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 16,00,000 would incur a stamp duty of Rs 1,12,000 at a rate of 7%.