Guideline Value for Sri Jeeva Avenue

Sri Jeeva Avenue guideline value

The current guideline value of Sri Jeeva Avenue is Rs 523 per sq.ft, effective from 1 July 2024. This street is located in Thirukalukundrem A village, under the Thirukazhukundram SRO. The land classification for this area is Residential Class I Type - IV.

How the guideline value of Sri Jeeva Avenue has changed

The guideline value for Sri Jeeva Avenue has remained consistent at Rs 523 per sq.ft from the 2023 revision through the 2024 revision, indicating no percentage change. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

As we look back at the revisions, the 2023 figure was Rs 523 per sq.ft, which was the same as the current 2024 figure. The absence of figures in earlier revisions suggests that the guideline value for this street has not been established in the past.

Guideline values in Thirukalukundrem A

In Thirukalukundrem A, there are 149 streets under the Thirukazhukundram SRO with a 2024 guideline value ranging from Rs 300 to Rs 1,344 per sq.ft, with a median value of Rs 600 per sq.ft. Sri Jeeva Avenue's current guideline value is below this median.

• Sri Jeeva Avenue Phase I: Rs 350 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

For a 1,000 sq.ft plot at the current rate of Rs 523 per sq.ft, the guideline value amounts to Rs 5,23,000. The stamp duty at 7% would be Rs 36,610, and the registration fee at 2% would be Rs 10,460, totaling Rs 47,070. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Jeeva Avenue?

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

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

The guideline value is a crucial factor when registering property in Thirukalukundrem A. It determines the amount of stamp duty and registration fees that need to be paid, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

When purchasing or selling property, the guideline value serves as a reference point for the transaction value. It is essential for both parties to understand how this value impacts the overall cost of registration and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Sri Jeeva Avenue?

The current guideline value of Sri Jeeva Avenue is Rs 523 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Sri Jeeva Avenue has remained at Rs 523 per sq.ft from 2023 to 2024, with no changes. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Sri Jeeva Avenue?

Sri Jeeva Avenue is classified as Residential Class I Type - IV. This classification is essential for determining the guideline value and applicable regulations for property transactions.

What are the stamp duty and registration fees for property in Sri Jeeva Avenue?

For a 1,000 sq.ft plot at the current guideline value of Rs 5,23,000, the stamp duty would be Rs 36,610, and the registration fee would be Rs 10,460, totaling Rs 47,070. Duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for Sri Jeeva Avenue?

The Thirukazhukundram Sub Registrar Office handles registrations for Sri Jeeva Avenue. Its address is Thiruchengode - 637 211, Chengalpattu registration zone.