Guideline Value for Jeevanantham Street(Vinayagapuram)

Jeevanantham Street(Vinayagapuram) guideline value

The current guideline value of Jeevanantham Street(Vinayagapuram) 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 Jeevanantham Street(Vinayagapuram) has changed

The guideline value for Jeevanantham Street(Vinayagapuram) has seen several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft, which increased significantly to Rs 2,200 per sq.ft in 2012. However, it then decreased to Rs 1,474 per sq.ft in 2017. The value rose again to Rs 2,200 per sq.ft in 2023, and the latest revision in 2024 has set the value at Rs 2,400 per sq.ft. Notably, there are no figures available for this street in the 2002 and 2003 revisions.

From 2017 to 2023, the guideline value increased by 49%, while the change from 2023 to 2024 is a further increase of 9%. The significant leap from 2007 to 2012 was a 340% increase, but this was followed by a decrease of 33% to 2017. Overall, from 2007 to 2024, the guideline value has increased by 380%.

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. Jeevanantham Street(Vinayagapuram) has a guideline value above this median.

• Jeevanandham Street (Vijayalakshmipuram): Rs 2,400 per sq.ft (2024)
• Jeevanandham Street (S.V.Nagar): Rs 1,600 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 Jeevanantham Street(Vinayagapuram)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,400 per sq.ft, the total guideline value would be Rs 24,00,000. The stamp duty at 7% would amount to Rs 1,68,000, and the registration fee at 2% would be Rs 48,000, bringing the total fees together 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jeevanantham Street(Vinayagapuram)?

The Sub Registrar Office that covers Jeevanantham Street(Vinayagapuram) 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 details.

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

The guideline value is a crucial factor when registering a property in Oragadam. It determines the minimum price at which a property can be registered, ensuring that the transaction is documented at a fair value as per government standards.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are necessary for completing the legal transfer of property ownership. It is essential for buyers and sellers to be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Jeevanantham Street(Vinayagapuram)?

The current guideline value of Jeevanantham Street(Vinayagapuram) 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 500 per sq.ft in 2007 to Rs 2,400 per sq.ft in 2024, marking an overall increase of 380% over the years.

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

The stamp duty is charged at 7% of the guideline value, and the registration fee is at 2%. For a property valued at Rs 24,00,000, the total fees would amount to Rs 2,16,000.

Which Sub Registrar Office covers this street?

The Ambattur Sub Registrar Office covers Jeevanantham Street(Vinayagapuram), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

What is the land classification for Jeevanantham Street(Vinayagapuram)?

The land classification for Jeevanantham Street(Vinayagapuram) is Residential Special Type - I.