Guideline Value for Jagadhambal Colony

Jagadhambal Colony guideline value

The current guideline value for Jagadhambal Colony, located in Koyakbedu village, is Rs 3,300 per sq.ft, effective from 1 July 2024. This area falls under the AnnaNagar SRO and is classified as Residential Class I Type - III.

How the guideline value of Jagadhambal Colony has changed

The guideline value of Jagadhambal Colony has seen significant changes over the years. Starting from the 2007 revision, the value was Rs 1,100 per sq.ft, which increased to Rs 3,000 per sq.ft in 2012, marking a substantial rise of 173%. However, it then decreased to Rs 2,010 per sq.ft in 2017, a drop of 33%. The value surged again in the 2023 revision to Rs 3,000 per sq.ft, followed by a further increase to Rs 3,300 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, the increase was 49%. Overall, from 2007 to 2024, the guideline value has risen by 200%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Koyakbedu

In Koyakbedu, there are 270 streets under the AnnaNagar SRO with 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 for Jagadhambal Colony is below this median.

• Jaggammal Street: Rs 3,300 per sq.ft (2024)
• Jai Nagar 10th Street: Rs 4,400 per sq.ft (2024)
• Jai Nagar 11th Street: Rs 4,400 per sq.ft (2024)
• Jai Nagar 12th Street: Rs 4,400 per sq.ft (2024)
• Jai Nagar 13th Street: Rs 4,400 per sq.ft (2024)
• Jai Nagar 14th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jagadhambal Colony

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Jagadhambal Colony?

The Jagadhambal Colony is covered by 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 for more information.

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

The guideline value plays a crucial role when buying or selling property in Koyakbedu. It is used to determine the stamp duty and registration fees applicable during the transaction. The value is set by the government and is updated periodically, reflecting the current market conditions.

When you register a property, the guideline value will be considered to calculate the applicable fees. Buyers should be aware that the duty is charged on the higher of the guideline value and the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Jagadhambal Colony?

The current guideline value for Jagadhambal Colony is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, starting from Rs 1,100 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 200% over the years.

What is the stamp duty rate for property in Jagadhambal Colony?

The stamp duty rate for property in Jagadhambal Colony is 7% of the guideline value or sale price, whichever is higher.

Where is the AnnaNagar Sub Registrar Office located?

The AnnaNagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

What are the guideline values for other streets in Koyakbedu?

Other streets in Koyakbedu have varying guideline values, with rates ranging from Rs 3,300 per sq.ft to Rs 4,400 per sq.ft for streets like Jaggammal Street and Jai Nagar 10th to 14th Streets.