Guideline Value for Jeevarathina street(iyappan nagar extn)

Jeevarathina street(iyappan nagar extn) guideline value

The current guideline value for Jeevarathina street (Iyappan Nagar Extn) is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Ayappakkam village, under the Ambattur SRO, and is classified as Residential Special Type - II.

How the guideline value of Jeevarathina street(iyappan nagar extn) has changed

The guideline value for Jeevarathina street has seen several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 1,600 per sq.ft in 2012. However, it then decreased to Rs 1,072 per sq.ft in 2017. Following this, the value rose to Rs 1,600 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 1,700 per sq.ft. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Between the revisions, there have been notable changes. The increase from 2023 to 2024 was +6%. From 2017 to 2023, the value rose by +49%, while there was a decrease of -33% from 2012 to 2017. The jump from 2007 to 2012 was significant at +300%. Overall, from 2007 to 2024, the guideline value has increased by +325%.

Guideline values in Ayappakkam

In Ayappakkam, there are 221 streets under the Ambattur SRO carrying a 2024 guideline value ranging from Rs 550 to Rs 4,000 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value for Jeevarathina street is above this median.

• Jeevarathina Naicker Nagar: Rs 1,100 per sq.ft (2024)
• Jaya Sakthi Nagar: Rs 1,100 per sq.ft (2024)
• Jayaram Street (Bhavani nagar): Rs 1,600 per sq.ft (2024)
• Jayaram Street: Rs 1,600 per sq.ft (2024)
• JK Avenue: Rs 3,300 per sq.ft (2024)
• Jayaram Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Jeevarathina street(iyappan nagar extn)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees to Rs 1,53,000. 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 Jeevarathina street(iyappan nagar extn)?

The Sub Registrar Office that covers Jeevarathina street (Iyappan Nagar Extn) is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor when registering property transactions in Ayappakkam. It is used to determine the stamp duty and registration fees that need to be paid during the buying or selling process. Buyers and sellers should be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value serves as a benchmark for the transaction. The authorities will assess the property based on this value to calculate the applicable fees, ensuring that the transaction is recorded accurately in the official registers.

Frequently asked questions

What is the current guideline value for Jeevarathina street (iyappan nagar extn)?

The current guideline value for Jeevarathina street (Iyappan Nagar Extn) is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 400 per sq.ft in 2007 to Rs 1,700 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Jeevarathina street (iyappan nagar extn)?

Jeevarathina street (Iyappan Nagar Extn) is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Jeevarathina street (Iyappan Nagar Extn) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for properties in Ayappakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 17,00,000 would incur a stamp duty of Rs 1,19,000 at the current rate of 7%.