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Guideline Value

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Guideline Value for Jai Nagar (Jagannatha Nagar 4th Street

₹3300/sq.ft.

The guideline value for Jai Nagar (jagannatha Nagar 4th Street in Koyakbedu village (Annanagar SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Koyakbedu

Village

AnnaNagar

SRO

Residential Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1300 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561062
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Jai Nagar (jagannatha Nagar 4th Street

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Jai Nagar (Jagannatha Nagar 4th Street guideline value

The current guideline value of Jai Nagar (Jagannatha Nagar 4th Street) is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village under the AnnaNagar SRO, classified as Residential Class I Type - III.

How the guideline value of Jai Nagar (Jagannatha Nagar 4th Street has changed

The guideline value for Jai Nagar (Jagannatha Nagar 4th Street) has seen several revisions over the years. The 2007 revision set the value at Rs 1,300 per sq.ft, which increased to Rs 3,000 per sq.ft in the 2012 revision, marking a significant increase of 131%. However, this value dropped to Rs 2,010 per sq.ft in the 2017 revision, a decrease of 33%. The 2023 revision then raised the value to Rs 3,000 per sq.ft, and the most recent 2024 revision set it at Rs 3,300 per sq.ft, reflecting a 10% increase.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, there has been a substantial increase of 154%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Koyakbedu

In Koyakbedu, there are 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, positioning Jai Nagar (Jagannatha Nagar 4th Street) below this median.

Stamp duty and registration fee for property in Jai Nagar (Jagannatha Nagar 4th 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, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jai Nagar (Jagannatha Nagar 4th Street?

The Sub Registrar Office covering Jai Nagar (Jagannatha Nagar 4th Street) 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 during the registration of property in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. The registration authorities utilize this value to ensure that the transaction is recorded accurately and that the appropriate taxes are collected.

When purchasing property, buyers should be aware that the guideline value can influence the overall cost of the transaction. It is advisable to consider this value alongside the sale price, as the higher amount will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Jai Nagar (Jagannatha Nagar 4th Street)?

The current guideline value of Jai Nagar (Jagannatha Nagar 4th 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 significantly from Rs 1,300 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 154% over the years.

What is the land classification for Jai Nagar (Jagannatha Nagar 4th Street)?

Jai Nagar (Jagannatha Nagar 4th Street) is classified as Residential Class I Type - III.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Jai Nagar (Jagannatha Nagar 4th Street) is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

How is the stamp duty calculated for properties in Koyakbedu?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 33,00,000, the stamp duty would be calculated at 7% of this amount.