Guideline Value for Jeevarathinam Nagar

Jeevarathinam Nagar guideline value

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

How the guideline value of Jeevarathinam Nagar has changed

The guideline value for Jeevarathinam Nagar has experienced several revisions over the years. The 2007 revision set the value at Rs 6,425 per sq.ft, which increased to Rs 9,000 per sq.ft in 2012. However, this figure saw a decline of 33% to Rs 6,030 per sq.ft in the 2017 revision. From 2017 to 2023, the value surged by 49% to reach Rs 9,000 per sq.ft, before rising again by 10% to the current rate of Rs 9,900 per sq.ft in the 2024 revision.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 54%.

Guideline values in Urur

In Urur, 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 Jeevarathinam Nagar's 2024 figure above the median.

• Jeevarathinam Nagar Main Road: 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

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 amount to Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total to Rs 8,91,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jeevarathinam Nagar?

Jeevarathinam Nagar falls under the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Urur, the guideline value helps in calculating the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value to ensure compliance with legal requirements during the registration process. This value is regularly updated, reflecting changes in the real estate market and local regulations.

Frequently asked questions

What is the current guideline value of Jeevarathinam Nagar?

The current guideline value of Jeevarathinam Nagar 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 changed significantly from Rs 6,425 per sq.ft in 2007 to Rs 9,900 per sq.ft in 2024, marking an overall increase of 54% over this period.

What is the classification of land in Jeevarathinam Nagar?

The land in Jeevarathinam Nagar is classified as Residential Special Type - II, indicating its intended use for residential purposes.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Jeevarathinam Nagar is 7%, calculated on the guideline value or the sale price, whichever is higher.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, which covers Jeevarathinam Nagar for property registrations.