Guideline Value for OLD JEEVANANDAM ST

Old Jeevanandam St guideline value

The current guideline value of Old Jeevanandam St in Paruthipattu village, under the Avadi SRO, is Rs 950 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Old Jeevanandam St has changed

The guideline value for Old Jeevanandam St has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which changed to Rs 603 per sq.ft in the 2017 revision, marking a decrease of 33%. In 2023, the value increased to Rs 900 per sq.ft, and it has risen to Rs 950 per sq.ft in the 2024 revision, representing a 6% increase from the previous year. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2017 to 2023, the value increased by 49%. Overall, comparing the figures from 2012 to 2024, there has been a modest increase of 6% in the guideline value.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. The guideline value of Old Jeevanandam St is below this median.

• Old Agraharam St: Rs 1,625 per sq.ft (2024)
• Ocf Road (Commercial): Rs 1,650 per sq.ft (2024)
• O.C.F.Road: Rs 950 per sq.ft (2024)
• Om Saravana Nagar: Rs 1,625 per sq.ft (2024)
• Omshakthy Kanopus 'b': Rs 1,375 per sq.ft (2024)
• Omshakthy Kanopus 'c': Rs 1,375 per sq.ft (2024)

Stamp duty and registration fee for property in Old Jeevanandam St

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value would be Rs 9,50,000. The stamp duty at 7% would amount to Rs 66,500, and the registration fee at 2% would be Rs 19,000, totaling Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Old Jeevanandam St?

The Sub Registrar Office covering Old Jeevanandam St is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To locate your SRO, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Paruthipattu. It determines the minimum value at which property transactions are registered, ensuring that stamp duty and registration fees are calculated appropriately.

When a property is sold, the guideline value serves as a benchmark for assessing the transaction value. Buyers and sellers must be aware of this value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Old Jeevanandam St?

The current guideline value of Old Jeevanandam St is Rs 950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 950 per sq.ft in 2024.

What is the land classification for Old Jeevanandam St?

Old Jeevanandam St is classified under Residential Class II Type - I.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 9,50,000, the total fees would amount to Rs 85,500.

Where is the Sub Registrar Office located for this street?

The Avadi Sub Registrar Office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.