Guideline Value for Jeevanandham Street (Vijayalakshmipuram)

Jeevanandham Street (Vijayalakshmipuram) guideline value

The current guideline value of Jeevanandham Street (Vijayalakshmipuram) is Rs 2,400 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 Special Type - I.

How the guideline value of Jeevanandham Street (Vijayalakshmipuram) has changed

The guideline value for Jeevanandham Street has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012, marking a 267% rise. However, it then decreased to Rs 1,474 per sq.ft in 2017, reflecting a decline of 33%. The value further increased to Rs 2,200 per sq.ft in 2023, followed by a rise to Rs 2,400 per sq.ft in 2024, which is a 9% increase from the previous year. The register has no figures for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 300%. The significant jumps in value highlight the changes in the property landscape over the years, with the most notable rise occurring between 2017 and 2023, where the value increased by 49%.

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, with a median value of Rs 2,200 per sq.ft. Jeevanandham Street's current value of Rs 2,400 per sq.ft is above this median.

• Jeevanandham Street (S.V.Nagar): Rs 1,600 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 (Vijayalakshmipuram)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value amounts to Rs 24,00,000. The stamp duty at 7% would be Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total cost to Rs 2,16,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jeevanandham Street (Vijayalakshmipuram)?

The Sub Registrar Office that covers Jeevanandham Street (Vijayalakshmipuram) 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 for more information.

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

The guideline value is a critical factor during the registration of property transactions in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Jeevanandham Street (Vijayalakshmipuram)?

The current guideline value of Jeevanandham Street (Vijayalakshmipuram) is Rs 2,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, reflecting an overall increase of 300% over the years.

What is the land classification for Jeevanandham Street?

The land classification for Jeevanandham Street is Residential Special Type - I.

What are the stamp duty and registration fees for a property in Jeevanandham Street?

For a property valued at Rs 24,00,000, the stamp duty would be Rs 1,68,000, and the registration fee would be Rs 48,000, totaling Rs 2,16,000.

Which office handles property registrations for Jeevanandham Street?

The Ambattur Sub Registrar Office handles property registrations for Jeevanandham Street (Vijayalakshmipuram), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.