Guideline Value for Jegajeevanram Street

Jegajeevanram Street guideline value

The current guideline value of Jegajeevanram Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Madambakkam village under the Selaiyur SRO, and is classified as Residential Class II Type - I.

How the guideline value of Jegajeevanram Street has changed

The guideline value for Jegajeevanram Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 1,005 per sq.ft. The 2023 revision then increased the value to Rs 1,500 per sq.ft, followed by the current 2024 revision which raised it to Rs 1,600 per sq.ft, marking a 7% increase from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for Jegajeevanram Street. Overall, from 2012 to 2024, the guideline value has increased by 7%.

Guideline values in Madambakkam

In Madambakkam, there are 1,151 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 6,000 per sq.ft. The median value is Rs 2,400 per sq.ft, indicating that Jegajeevanram Street's 2024 figure is below this median.

• Jegavanthapuram: Rs 1,300 per sq.ft (2024)
• Jems Daffodil Nagar: Rs 3,200 per sq.ft (2024)
• Jem's Meridian Nagar: Rs 2,700 per sq.ft (2024)
• Jayaprakash Narayan Nagar Main Road: Rs 1,600 per sq.ft (2024)
• Jayaprakash Narayan Nagar 2nd Street: Rs 1,600 per sq.ft (2024)
• Jayaprakash Narayan Nagar 1st Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Jegajeevanram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total cost Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jegajeevanram Street?

Jegajeevanram Street falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Madambakkam. It determines the stamp duty and registration fees applicable when buying or selling property. Buyers must ensure that the guideline value is considered along with the sale price to determine the final registration costs.

When registering a property, the guideline value serves as a benchmark for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Jegajeevanram Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2023 to Rs 1,600 per sq.ft in 2024, marking a 7% increase. It was Rs 1,005 per sq.ft in 2017, and Rs 1,500 per sq.ft in 2012, showing various changes over the years.

What are the other streets in Madambakkam with their guideline values?

Other streets in Madambakkam include Jegavanthapuram at Rs 1,300 per sq.ft, Jems Daffodil Nagar at Rs 3,200 per sq.ft, and Jem's Meridian Nagar at Rs 2,700 per sq.ft, among others.

What fees are associated with buying property in Jegajeevanram Street?

When buying property in Jegajeevanram Street, the stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 1,44,000 in fees.

Where can I find the Sub Registrar Office for Jegajeevanram Street?

The Sub Registrar Office for Jegajeevanram Street is the Selaiyur SRO, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073. You can find more details online.