Guideline Value for Jeevarathinam Nagar Main Road

Jeevarathinam Nagar Main Road guideline value

The current guideline value of Jeevarathinam Nagar Main Road is Rs 9,900 per sq.ft, effective from 1 July 2024. This road is located in Urur village under the Adayar SRO, and the land classification is Residential Special Type - II.

How the guideline value of Jeevarathinam Nagar Main Road has changed

The guideline value for Jeevarathinam Nagar Main Road has seen several revisions over the years. The 2007 revision set the value at Rs 4,965 per sq.ft, which increased to Rs 9,000 per sq.ft in 2012, marking an increase of 81%. However, the value then decreased to Rs 6,030 per sq.ft in 2017, a decline of 33%. The subsequent revision in 2023 raised the value to Rs 9,000 per sq.ft, which further increased to Rs 9,900 per sq.ft in 2024, reflecting a 10% rise.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 99%. It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Urur

In Urur village, there are 176 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 15,400 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, placing the guideline value of Jeevarathinam Nagar Main Road above this median.

• Jeevarathinam Nagar: Rs 9,900 per sq.ft (2024)
• Jeevarathnam Nagar 1st Street: Rs 9,900 per sq.ft (2024)
• Jeevarathnam Nagar 2nd Street: Rs 9,900 per sq.ft (2024)
• Jayavinayagar Koil Street: Rs 5,500 per sq.ft (2024)
• Jayaram Avenue: Rs 6,600 per sq.ft (2024)
• Karpagam Garden 1st Cross Road: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Jeevarathinam Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value would be Rs 99,00,000. The stamp duty at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total amount to Rs 8,91,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Jeevarathinam Nagar Main Road?

The Jeevarathinam Nagar Main Road falls under the jurisdiction of the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Urur. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the actual sale price, whichever is higher. This ensures that all transactions are recorded accurately and transparently.

Frequently asked questions

What is the current guideline value of Jeevarathinam Nagar Main Road?

The current guideline value of Jeevarathinam Nagar Main Road is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 4,965 per sq.ft in 2007 to Rs 9,900 per sq.ft in 2024, showing an overall increase of 99% over the years.

What is the median guideline value in Urur?

The median guideline value for streets in Urur is Rs 6,600 per sq.ft, with Jeevarathinam Nagar Main Road's value being above this median.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 99,00,000, the total fees would amount to Rs 8,91,000.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. This office handles all registrations for properties in the area.