Guideline Value for Jeevarathnam Nagar 1st Street

Jeevarathnam Nagar 1st Street guideline value

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

How the guideline value of Jeevarathnam Nagar 1st Street has changed

The guideline value of Jeevarathnam Nagar 1st Street has seen several revisions over the years. In 2002, the guideline value was Rs 1,262 per sq.ft, which increased to Rs 1,493 per sq.ft in 2003, marking an 18% rise. The value continued to rise significantly to Rs 4,965 per sq.ft in 2007, reflecting a 233% increase. By 2012, the value reached Rs 9,000 per sq.ft, which was a decrease of 33% from the previous revision.

In 2017, the guideline value increased to Rs 6,030 per sq.ft, representing a 49% increase. The value then remained at Rs 9,000 per sq.ft in 2023 before reaching the current figure of Rs 9,900 per sq.ft in the 2024 revision, which is a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 684%.

Guideline values in Urur

In Urur village, there are 176 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 15,400 per sq.ft, with a median value of Rs 6,600 per sq.ft. The guideline value of Jeevarathnam Nagar 1st Street is above this median.

• Jeevarathnam Nagar 2nd Street: Rs 9,900 per sq.ft (2024)
• Jeevarathinam Nagar Main Road: Rs 9,900 per sq.ft (2024)
• Jeevarathinam Nagar: 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 Jeevarathnam Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value amounts to 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, totaling 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jeevarathnam Nagar 1st Street?

The Sub Registrar Office that covers Jeevarathnam Nagar 1st Street is 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 the registration process when buying or selling property in Urur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately. Buyers and sellers should 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 Jeevarathnam Nagar 1st Street?

The current guideline value of Jeevarathnam Nagar 1st Street 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 from Rs 1,262 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, showing an overall increase of 684% over the years.

What is the land classification for Jeevarathnam Nagar 1st Street?

The land classification for Jeevarathnam Nagar 1st Street is Residential Special Type - II.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 99,00,000, the stamp duty would be Rs 6,93,000 and the registration fee would be Rs 1,98,000, totaling Rs 8,91,000.

Where is the Sub Registrar Office located for Jeevarathnam Nagar 1st Street?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.