Guideline Value for Jeevanantham Street, Chennai 82

Jeevanantham Street, Chennai 82 guideline value

The current guideline value of Jeevanantham Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Jeevanantham Street, Chennai 82 has changed

The guideline value for Jeevanantham Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,200 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 233%. However, it then decreased to Rs 2,680 per sq.ft in 2017, reflecting a decline of 33%. The value rebounded to Rs 4,000 per sq.ft in 2023, before reaching the current rate of Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures available for Jeevanantham Street in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 267%.

Guideline values in Ayanavaram

In Ayanavaram, there are 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft as of 2024. The median guideline value for these streets is Rs 4,900 per sq.ft, placing Jeevanantham Street's 2024 figure below this median.

• J- Block, (East)7th Street: Rs 11,000 per sq.ft (2024)
• J- Block, (East)6th Street: Rs 11,000 per sq.ft (2024)
• J- Block, (East)2nd Street: Rs 11,000 per sq.ft (2024)
• Jawahar Nagar Ist cross Street, Chennai 82: Rs 5,500 per sq.ft (2024)
• Kamaraj nagar: Rs 3,300 per sq.ft (2024)
• Kamaraj Street (Block no 11): Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Jeevanantham Street, Chennai 82

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. 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, Chennai 82?

The Sub Registrar Office that covers Jeevanantham Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Ayanavaram. It is used to determine the stamp duty and registration fees that must be paid, ensuring that these costs are based on a standardized valuation of the property.

When buying or selling property, the guideline value helps establish a fair basis for taxation and registration, making it an essential factor in the real estate transaction process.

Frequently asked questions

What is the current guideline value of Jeevanantham Street?

The current guideline value of Jeevanantham Street, Chennai 82 is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, increasing from Rs 1,200 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, which is an overall increase of 267%.

What are the stamp duty and registration fees for properties on Jeevanantham Street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers Jeevanantham Street?

The AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, covers Jeevanantham Street.

What is the land classification for Jeevanantham Street?

The land classification for Jeevanantham Street is Residential Class II Type - I, indicating its designated use for residential purposes.