Guideline Value for Jaggammal Street

Jaggammal Street guideline value

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

How the guideline value of Jaggammal Street has changed

The guideline value for Jaggammal Street has undergone several revisions over the years. In 2007, the value was Rs 1,100 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012. However, this was followed by a decrease to Rs 2,010 per sq.ft in 2017. The value then rose sharply to Rs 3,000 per sq.ft in 2023, and currently stands at Rs 3,300 per sq.ft as of the 2024 revision.

From 2017 to 2023, the increase was 49%, while the jump from 2023 to 2024 is 10%. Overall, from 2007 to 2024, the guideline value has increased by 200%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Koyakbedu

Koyakbedu village comprises 270 streets under the AnnaNagar SRO, with 2024 guideline values 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 Jaggammal Street's 2024 figure below this median.

• 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)
• Jai Nagar 15th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jaggammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, leading to a total of Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jaggammal Street?

The Sub Registrar Office that covers Jaggammal Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Koyakbedu. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling property, the guideline value serves as a benchmark for calculating taxes and fees. Buyers should be aware that the actual sale price may be higher than the guideline value, and in such cases, the duty is charged on the higher amount.

Frequently asked questions

What is the current guideline value of Jaggammal Street?

The current guideline value of Jaggammal Street 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 from Rs 1,100 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, showing a significant increase over the years.

What is the land classification of Jaggammal Street?

Jaggammal Street is classified as Residential Class I Type - III under the AnnaNagar SRO.

What are the other streets in Koyakbedu with their guideline values?

Other streets in Koyakbedu include Jai Nagar 10th Street, Jai Nagar 11th Street, Jai Nagar 12th Street, Jai Nagar 13th Street, Jai Nagar 14th Street, and Jai Nagar 15th Street, all with a guideline value of Rs 4,400 per sq.ft in 2024.

How is stamp duty calculated for properties in Jaggammal Street?

Stamp duty for properties in Jaggammal Street is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 33,00,000 incurs a stamp duty of Rs 2,31,000.