Guideline Value for Jeevanantham Nagar

Jeevanantham Nagar guideline value

The current guideline value of Jeevanantham Nagar is Rs 880 per sq.ft, effective from 1 July 2024. This village falls under the Kanchipuram Joint IV SRO and is classified as Residential Class II Type - I.

How the guideline value of Jeevanantham Nagar has changed

In the 2012 revision, the guideline value was set at Rs 800 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 536 per sq.ft, marking a decline of 33%. The value then increased significantly to Rs 800 per sq.ft in the 2023 revision, followed by a further increase to Rs 880 per sq.ft in the 2024 revision, representing a 10% rise.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has experienced a modest increase of 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ist Division

Jeevanantham Nagar's 2024 guideline value of Rs 880 per sq.ft aligns with the median value of Rs 880 per sq.ft among the 79 streets in Ist Division under the Kanchipuram Joint IV SRO, which range from Rs 800 to Rs 3,300 per sq.ft.

• Iyangarpalayam @ Thiruvaluvar Street: Rs 1,100 per sq.ft (2024)
• Kamatchi Nagar: Rs 880 per sq.ft (2024)
• Kammal Street @ Bangaramman Street: Rs 800 per sq.ft (2024)
• Govindan Street: Rs 880 per sq.ft (2024)
• Gokulam Street @ Eda Street: Rs 880 per sq.ft (2024)
• Kathiri Street @ Velathamman Koil Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Jeevanantham Nagar

For a 1,000 sq.ft plot at the current rate of Rs 880 per sq.ft, the guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, totaling Rs 79,200. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Jeevanantham Nagar?

The Kanchipuram Joint IV Sub Registrar Office covers Jeevanantham Nagar. The office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property. It serves as a benchmark for determining the stamp duty and registration fees payable, ensuring that the transaction is documented accurately in accordance with government regulations.

When a property is sold, the guideline value helps establish the minimum value for tax purposes. Buyers and sellers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Jeevanantham Nagar?

The current guideline value of Jeevanantham Nagar is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, with the most recent increase from Rs 800 per sq.ft in 2023 to Rs 880 per sq.ft in 2024. Overall, from 2012 to 2024, the value has increased by 10%.

What is the land classification of Jeevanantham Nagar?

Jeevanantham Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Jeevanantham Nagar?

The Kanchipuram Joint IV Sub Registrar Office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. The total cost will depend on whether the guideline value or the sale price is higher.