Guideline Value for Jeevarathnam Street

Jeevarathnam Street guideline value

The current guideline value of Jeevarathnam Street is Rs 3,600 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village and falls under the Ambattur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Jeevarathnam Street has changed

Looking at the revisions, the guideline value for Jeevarathnam Street has seen several changes over the years. The 2012 revision set the value at Rs 3,300 per sq.ft, which then decreased to Rs 2,211 per sq.ft in the 2017 revision. However, from 2017 to 2023, the value increased significantly to Rs 3,300 per sq.ft, and the latest revision in 2024 raised it to Rs 3,600 per sq.ft, marking a 9% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Ambattur

In Ambattur, there are 448 streets under the Ambattur SRO, with guideline values ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value is Rs 3,600 per sq.ft, which is the same as the current value for Jeevarathnam Street.

• Jayaram Nagar: Rs 1,600 per sq.ft (2024)
• jayalalitha Street (Ramapuram): Rs 3,600 per sq.ft (2024)
• Jayalakshmi Street: Rs 3,600 per sq.ft (2024)
• Jawagar Street: Rs 4,600 per sq.ft (2024)
• Kalaignar Karunanithi Nagar: Rs 2,200 per sq.ft (2024)
• Kalidasan Cross Street: Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Jeevarathnam Street

For a 1,000 sq.ft plot at the current rate of Rs 3,600 per sq.ft, the guideline value amounts to Rs 36,00,000. The stamp duty at 7% would be Rs 2,52,000, and the registration fee at 2% would be Rs 72,000, totaling Rs 3,24,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jeevarathnam Street?

The Sub Registrar Office that covers Jeevarathnam Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Ambattur. It determines the minimum value at which a property can be registered and serves as a basis for calculating stamp duty and registration fees. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during the transaction.

When a property is sold, the guideline value helps in establishing a fair price for registration purposes. This value is essential for both the buyer and the seller, as it impacts the overall cost involved in the property transaction.

Frequently asked questions

What is the current guideline value of Jeevarathnam Street?

The current guideline value of Jeevarathnam Street is Rs 3,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,300 per sq.ft in 2023 to Rs 3,600 per sq.ft in 2024, marking a 9% increase. It decreased from Rs 3,300 in 2012 to Rs 2,211 in 2017 before rising again to Rs 3,300 in 2023.

What is the land classification for Jeevarathnam Street?

The land classification for Jeevarathnam Street is Residential Class I Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for a property in Jeevarathnam Street?

For a property valued at Rs 36,00,000, the stamp duty would be Rs 2,52,000 and the registration fee would be Rs 72,000, totaling Rs 3,24,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Jeevarathnam Street?

The registration for Jeevarathnam Street is handled by the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.