Guideline Value for Sri Jeeva Avenue Phase I

Sri Jeeva Avenue Phase I guideline value

The current guideline value for Sri Jeeva Avenue Phase I is Rs 350 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO, classified as Residential Special Type - IV.

How the guideline value of Sri Jeeva Avenue Phase I has changed

According to the register, the guideline value for Sri Jeeva Avenue Phase I has remained unchanged at Rs 350 per sq.ft since the 2023 revision. The 2024 revision also reflects this figure, indicating a change of +0% from the previous year.

For earlier revisions, the register has no figure for this street in 2017, 2012, 2007, 2003, and 2002. Therefore, the only available figures are from the 2023 and 2024 revisions, both set at Rs 350 per sq.ft.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO, with guideline values ranging from Rs 300 to Rs 1,344 per sq.ft. The median guideline value is Rs 600 per sq.ft, placing Sri Jeeva Avenue Phase I below this median.

• Sri Jeeva Avenue: Rs 523 per sq.ft (2024)
• South Street: Rs 805 per sq.ft (2024)
• South Kulakarai Street: Rs 400 per sq.ft (2024)
• Selliamman Koil Street: Rs 700 per sq.ft (2024)
• Svr Avenue: Rs 1,205 per sq.ft (2024)
• Sayakkara Street: Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Jeeva Avenue Phase I

For a 1,000 sq.ft plot at the current rate of Rs 350 per sq.ft, the guideline value amounts to Rs 3,50,000. The stamp duty at 7% would be Rs 24,500, and the registration fee at 2% would be Rs 7,000, totaling Rs 31,500. 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 more details.

Which Sub Registrar Office covers Sri Jeeva Avenue Phase I?

The Sub Registrar Office covering Sri Jeeva Avenue Phase I is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the amount of stamp duty and registration fees payable when buying or selling property. It serves as a benchmark for assessing the value of the property during registration.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Jeeva Avenue Phase I?

The current guideline value of Sri Jeeva Avenue Phase I is Rs 350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 350 per sq.ft since the 2023 revision, showing no change from the previous year. There are no figures available for this street in revisions prior to 2023.

What are the guideline values for other streets in Thirukalukundrem A?

Other streets in Thirukalukundrem A have varying guideline values, with rates ranging from Rs 300 to Rs 1,344 per sq.ft. Sri Jeeva Avenue is below the median value of Rs 600 per sq.ft.

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

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For a 1,000 sq.ft plot, the total fees can amount to Rs 31,500.

Where can I find my Sub Registrar Office?

The Sub Registrar Office for Sri Jeeva Avenue Phase I is located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO through the provided link.