Guideline Value for J BLOCK 13TH MAIN ROAD

J Block 13th Main Road guideline value

The current guideline value for J Block 13th Main Road is Rs 13,100 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village under the AnnaNagar SRO, and it falls under the Mixed Type - I land classification.

How the guideline value of J Block 13th Main Road has changed

The guideline value for J Block 13th Main Road has seen significant changes over the years. The 2017 revision recorded a value of Rs 8,040 per sq.ft, which increased to Rs 12,000 per sq.ft in the 2023 revision, marking a 49% rise. The latest 2024 revision shows a further increase to Rs 13,100 per sq.ft, reflecting a 9% change from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 63%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Koyakbedu

In Koyakbedu, there are 270 streets under the AnnaNagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median value for these streets is Rs 4,400 per sq.ft, placing J Block 13th Main Road above this median.

• J Block 15 Th Main Road: Rs 13,100 per sq.ft (2024)
• Jeeva Garden: Rs 3,800 per sq.ft (2024)
• Jegannatha Nagar 10th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 11th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 12th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 13th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in J Block 13th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 13,100 per sq.ft, the total guideline value amounts to Rs 1,31,00,000. The stamp duty at 7% would be Rs 9,17,000, and the registration fee at 2% would be Rs 2,62,000, bringing the total cost to Rs 11,79,000. Duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers J Block 13th Main Road?

The Sub Registrar Office that covers J Block 13th Main Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When you register a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. It is essential for 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 for J Block 13th Main Road?

The current guideline value for J Block 13th Main Road is Rs 13,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 63% from Rs 8,040 per sq.ft to Rs 13,100 per sq.ft in 2024.

What are the stamp duty and registration fees for a property in J Block 13th Main Road?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,31,00,000. The stamp duty at 7% would be Rs 9,17,000, and the registration fee at 2% would be Rs 2,62,000, totaling Rs 11,79,000.

Which office handles registrations for J Block 13th Main Road?

The AnnaNagar Sub Registrar Office handles registrations for J Block 13th Main Road, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for J Block 13th Main Road?

J Block 13th Main Road falls under the Mixed Type - I land classification.