Guideline Value for J BLOCK 15 TH MAIN ROAD

J Block 15 Th Main Road guideline value

The current guideline value of J Block 15 Th 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 15 Th Main Road has changed

In the 2017 revision, the guideline value was Rs 8,040 per sq.ft. This figure increased significantly to Rs 12,000 per sq.ft in the 2023 revision, marking a 49% rise. The most recent revision in 2024 saw another increase to Rs 13,100 per sq.ft, which is a 9% increase 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 there are no figures available 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, with a median value of Rs 4,400 per sq.ft. The guideline value of J Block 15 Th Main Road is above this median.

• J Block 13th 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 15 Th 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 fees together to Rs 11,79,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers J Block 15 Th Main Road?

The Sub Registrar Office that covers J Block 15 Th Main Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO online.

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

The guideline value is a crucial factor in property transactions in Koyakbedu, as it determines the minimum value on which stamp duty and registration fees are calculated. Buyers and sellers must be aware of this value to ensure compliance with registration requirements.

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

Frequently asked questions

What is the current guideline value for J Block 15 Th Main Road?

The current guideline value for J Block 15 Th Main Road is Rs 13,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 8,040 per sq.ft in 2017 to Rs 13,100 per sq.ft in 2024, marking an overall increase of 63%.

What is the land classification for J Block 15 Th Main Road?

The land classification for J Block 15 Th Main Road is Mixed Type - I.

Where can I find the Sub Registrar Office for J Block 15 Th Main Road?

The Sub Registrar Office for J Block 15 Th Main Road is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 1,31,00,000, the total fees would include a stamp duty of Rs 9,17,000 and a registration fee of Rs 2,62,000.