Guideline Value for Shrinivasa Nagar (A) Jeyanthi Nagar

Shrinivasa Nagar (A) Jeyanthi Nagar guideline value

The current guideline value of Shrinivasa Nagar (A) Jeyanthi Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024. This area is located in Pattravakkam village and falls under the Konnur SRO, classified as Residential Class II Type - I.

How the guideline value of Shrinivasa Nagar (A) Jeyanthi Nagar has changed

The guideline value for Shrinivasa Nagar (A) Jeyanthi Nagar has seen several revisions over the years. In 2007, the guideline value was Rs 300 per sq.ft, which increased significantly to Rs 1,400 per sq.ft in 2012, marking a rise of 367%. However, it then decreased to Rs 938 per sq.ft in 2017, reflecting a drop of 33%. The value rose again to Rs 1,400 per sq.ft in 2023, and currently stands at Rs 1,500 per sq.ft from the 2024 revision, which is a 7% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 400%, showcasing significant changes in the property valuation over the years.

Guideline values in Pattravakkam

In Pattravakkam, there are 34 streets under the Konnur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,900 per sq.ft, with a median value of Rs 1,500 per sq.ft. Shrinivasa Nagar (A) Jeyanthi Nagar's 2024 guideline value aligns with this median.

• Shrinivasa Nagar (Karukku): Rs 1,500 per sq.ft (2024)
• Sivakami Ammal Street: Rs 1,100 per sq.ft (2024)
• Sivapuram: Rs 1,500 per sq.ft (2024)
• Selva Nagar: Rs 1,500 per sq.ft (2024)
• Samondeeswari Nagar: Rs 1,100 per sq.ft (2024)
• Station Road: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Shrinivasa Nagar (A) Jeyanthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total fees to Rs 1,35,000. 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 Shrinivasa Nagar (A) Jeyanthi Nagar?

The Sub Registrar Office that covers Shrinivasa Nagar (A) Jeyanthi Nagar is the Konnur Sub Registrar Office. The address is Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pattravakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately and fairly.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. This ensures that all transactions are in compliance with the local regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Shrinivasa Nagar (A) Jeyanthi Nagar?

The current guideline value of Shrinivasa Nagar (A) Jeyanthi Nagar is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 300 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2024, reflecting an overall increase of 400% over the years.

What is the registration office for Shrinivasa Nagar (A) Jeyanthi Nagar?

The registration office for Shrinivasa Nagar (A) Jeyanthi Nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is stamp duty calculated for properties in Shrinivasa Nagar (A) Jeyanthi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 15,00,000, the stamp duty at 7% would be Rs 1,05,000.

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

Other streets in Pattravakkam have varying guideline values, with some streets like Sivakami Ammal Street at Rs 1,100 per sq.ft and others like Shrinivasa Nagar (Karukku) at Rs 1,500 per sq.ft.