Guideline Value for Jeevarathnam Nagar 2nd Street

Jeevarathnam Nagar 2nd Street guideline value

The current guideline value of Jeevarathnam Nagar 2nd 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 2nd Street has changed

The guideline value for Jeevarathnam Nagar 2nd Street has undergone 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 increase of 18%. The value rose significantly to Rs 4,965 per sq.ft in 2007, reflecting a 233% increase. By 2012, the value was 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, and this was followed by a substantial increase to Rs 9,000 per sq.ft in 2023, which represented a 49% rise. The most recent revision in 2024 set the guideline value at Rs 9,900 per sq.ft, reflecting a 10% increase from the previous year.

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 guideline value is Rs 6,600 per sq.ft, placing Jeevarathnam Nagar 2nd Street's 2024 figure above this median.

• Jeevarathnam Nagar 1st 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 2nd 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, bringing the total to Rs 8,91,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Jeevarathnam Nagar 2nd Street?

The Sub Registrar Office that covers Jeevarathnam Nagar 2nd 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 reference point used during the registration of property transactions in Urur. It helps determine the applicable stamp duty and registration fees, ensuring that these costs are calculated based on the established guideline values.

When buying or selling property, the guideline value serves as a benchmark for the transaction price. If the sale price is higher than the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Jeevarathnam Nagar 2nd Street?

The current guideline value of Jeevarathnam Nagar 2nd 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, reflecting an overall increase of 684% over the years.

What is the land classification for Jeevarathnam Nagar 2nd Street?

The land classification for Jeevarathnam Nagar 2nd Street is Residential Special Type - II.

Where is the Adayar Sub Registrar Office located?

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

How is the stamp duty calculated for properties in Jeevarathnam Nagar 2nd Street?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 6,93,000.