Guideline Value for Jeevanandham Street, Muthamiaz Nagar

Jeevanandham Street, Muthamiaz Nagar guideline value

The current guideline value of Jeevanandham Street, Muthamiaz Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Jeevanandham Street, Muthamiaz Nagar has changed

Over the years, the guideline value of Jeevanandham Street has seen significant changes. The 2017 revision set the guideline value at Rs 1,507 per sq.ft. This figure increased to Rs 2,250 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 has further raised the guideline value to Rs 2,475 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as per the 2024 revision. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Jeevanandham Street's 2024 figure above this median.

• Jeevanandhan Street / Mungil Lake: Rs 1,980 per sq.ft (2024)
• Jeevanandhan Street / Nagalkeni: Rs 1,980 per sq.ft (2024)
• Jayatheerthan Street / LIC Colony: Rs 2,530 per sq.ft (2024)
• Jayatheeratha Rao Street, LIC Colony Extn: Rs 2,530 per sq.ft (2024)
• Jayaram Street, Periyar Nagar: Rs 1,980 per sq.ft (2024)
• Jayaraman Street/ Ganapathy Nagar: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Jeevanandham Street, Muthamiaz Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,475 per sq.ft, the total guideline value amounts to Rs 24,75,000. The stamp duty at 7% would be Rs 1,73,250, and the registration fee at 2% would be Rs 49,500, bringing the total to Rs 2,22,750. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jeevanandham Street, Muthamiaz Nagar?

The Sub Registrar Office that covers Jeevanandham Street, Muthamiaz Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Pammal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. The registration office uses the guideline value to assess the appropriate fees based on the size and value of the property.

When you are registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty. This ensures that the government receives the correct amount of revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Jeevanandham Street, Muthamiaz Nagar?

The current guideline value of Jeevanandham Street, Muthamiaz Nagar is Rs 2,475 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,507 per sq.ft in 2017 to Rs 2,475 per sq.ft in 2024, marking an overall increase of 64% over these years.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 24,75,000, the stamp duty would be Rs 1,73,250, and the registration fee would be Rs 49,500, totaling Rs 2,22,750.

Which office handles property registrations for Jeevanandham Street?

The Pammal Sub Registrar Office handles property registrations for Jeevanandham Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the median guideline value for streets in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft, with Jeevanandham Street's current value being above this median.