Guideline Value for Jeevanandham Street Ch-78

Jeevanandham Street Ch-78 guideline value

The current guideline value of Jeevanandham Street 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, classified as Residential Class II Type - III.

How the guideline value of Jeevanandham Street Ch-78 has changed

Over the years, the guideline value of Jeevanandham Street Ch-78 has experienced several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 1,210 per sq.ft. This value increased significantly to Rs 5,500 per sq.ft in 2012, marking a remarkable rise of 355%. However, from 2012 to 2017, the value decreased to Rs 3,685 per sq.ft, a drop of 33%. The value then saw a substantial increase to Rs 5,500 per sq.ft in 2023, followed by another rise to Rs 6,000 per sq.ft in 2024, representing a 9% increase.

To summarize the revisions: the 2024 revision stands at Rs 6,000 per sq.ft, the 2023 revision was Rs 5,500 per sq.ft, the 2017 revision was Rs 3,685 per sq.ft, and the 2012 revision was Rs 5,500 per sq.ft. The register has no 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 guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, placing Jeevanandham Street Ch-78 above this median with its current guideline value of Rs 6,000 per sq.ft.

• Jeevanandham (Cross) Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Jeevanandam StreetS.No. 55 & 394/2: Rs 3,300 per sq.ft (2024)
• Jeevanandam Salai (Sivalingapuram): Rs 6,000 per sq.ft (2024)
• Jeevanandam Salai 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 Jeevanandham Street 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 use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Jeevanandham Street Ch-78?

The Sub Registrar Office that covers Jeevanandham Street Ch-78 is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near Nolambur Eb Office. You can find your SRO for further assistance.

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

The guideline value plays a crucial role during property transactions in Kodambakkam. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. This value is established by the government and is subject to periodic revisions based on market conditions.

When registering a property, the guideline value will be referenced to ensure that the appropriate fees are calculated. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Jeevanandham Street Ch-78?

The current guideline value of Jeevanandham Street 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 land classification of Jeevanandham Street Ch-78?

Jeevanandham Street Ch-78 is classified as Residential Class II Type - III.

Which Sub Registrar Office is responsible for this street?

The Ashok Nagar Sub Registrar Office is responsible for Jeevanandham Street Ch-78, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Jeevanandham Street Ch-78?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 60,00,000, the stamp duty would be Rs 4,20,000 at a rate of 7%.