Guideline Value for Jeevarathinam Nagar Block 85

Jeevarathinam Nagar Block 85 guideline value

The current guideline value of Jeevarathinam Nagar Block 85 is Rs 4,100 per sq.ft, effective from 1 July 2024. This area is located in Kodambakkam village and falls under the Ashok Nagar SRO. The land classification for this street is Residential Class IV Type - I.

How the guideline value of Jeevarathinam Nagar Block 85 has changed

The guideline value for Jeevarathinam Nagar Block 85 has seen several revisions over the years. The 2007 revision set the value at Rs 800 per sq.ft, which increased significantly to Rs 3,750 per sq.ft in 2012. However, it then decreased to Rs 2,512 per sq.ft in 2017. The value rebounded to Rs 3,750 per sq.ft in 2023 before reaching the current rate of Rs 4,100 per sq.ft in 2024. The register has no figures for the revisions in 2002 and 2003.

From 2017 to 2023, the value increased by 49%. The jump from 2023 to 2024 represents a 9% rise. Overall, from the 2007 revision to the current 2024 figure, there has been a substantial increase of 413%.

Guideline values in Kodambakkam

Kodambakkam village has a range of guideline values, with 1,031 streets under the Ashok Nagar SRO carrying a 2024 figure ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, placing Jeevarathinam Nagar Block 85 below this median.

• Jeevanandham Street Ch-78: Rs 6,000 per sq.ft (2024)
• Jeevanandham (Cross) Street (M.G.R.Nagar): Rs 3,300 per sq.ft (2024)
• Jeevanandam StreetS.No. 55 & 394/2: Rs 3,300 per sq.ft (2024)
• Jeevanandam Salai (Sivalingapuram): Rs 6,000 per sq.ft (2024)
• Jeevanandam Salai Ch-78: Rs 6,000 per sq.ft (2024)
• Jayaram Pillai Street (JPT): Rs 4,100 per sq.ft (2024)

Stamp duty and registration fee for property in Jeevarathinam Nagar Block 85

For a 1,000 sq.ft plot at the current guideline value of Rs 4,100 per sq.ft, the total guideline value would be Rs 41,00,000. The stamp duty at 7% would amount to Rs 2,87,000, and the registration fee at 2% would be Rs 82,000, bringing the total fees to Rs 3,69,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jeevarathinam Nagar Block 85?

The Sub Registrar Office that covers Jeevarathinam Nagar Block 85 is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process for property transactions in Kodambakkam. It is used to determine the stamp duty and registration fees that buyers must pay, ensuring that these costs are based on a standardized valuation of the property.

When buying or selling a property, the guideline value helps in establishing a fair transaction price for both parties involved. It is essential for buyers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Jeevarathinam Nagar Block 85?

The current guideline value of Jeevarathinam Nagar Block 85 is Rs 4,100 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 800 per sq.ft in 2007 to Rs 4,100 per sq.ft in 2024, marking an overall increase of 413%.

What is the land classification for Jeevarathinam Nagar Block 85?

The land classification for Jeevarathinam Nagar Block 85 is Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Jeevarathinam Nagar Block 85?

The Sub Registrar Office for Jeevarathinam Nagar Block 85 is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated based on the guideline value?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. The total fees are based on the higher of the guideline value or the sale price.