Guideline Value for Jai Nagar 10th Street

Jai Nagar 10th Street guideline value

The current guideline value of Jai Nagar 10th Street is Rs 4,400 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 - II.

How the guideline value of Jai Nagar 10th Street has changed

Over the years, the guideline value for Jai Nagar 10th Street has seen several revisions. The 2007 revision set the value at Rs 1,300 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, it then decreased to Rs 2,680 per sq.ft in 2017. The 2023 revision raised it to Rs 4,000 per sq.ft, and the most recent 2024 revision has set it at Rs 4,400 per sq.ft. The register has no figure for the years 2002 and 2003.

From 2007 to 2024, the guideline value has increased by 238%. The change from 2012 to 2017 saw a decrease of 33%, while the jump from 2017 to 2023 was a significant 49%. The increase from 2023 to 2024 is 10%.

Guideline values in Koyakbedu

Koyakbedu has a total of 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, which matches the 2024 figure for Jai Nagar 10th Street.

• 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)
• Jai Nagar 16th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jai Nagar 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, the total cost would be Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jai Nagar 10th Street?

The Jai Nagar 10th Street falls under the jurisdiction of 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 is a crucial factor during property registration in Koyakbedu. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with regulatory requirements.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Jai Nagar 10th Street?

The current guideline value of Jai Nagar 10th Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,300 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 238% over this period.

What are the other streets in Koyakbedu with the same guideline value?

Other streets in Koyakbedu with a guideline value of Rs 4,400 per sq.ft include Jai Nagar 11th, 12th, 13th, 14th, 15th, and 16th Streets.

What is the stamp duty rate for properties in Jai Nagar 10th Street?

The stamp duty rate for properties in Jai Nagar 10th Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Jai Nagar 10th Street?

The AnnaNagar Sub Registrar Office covers Jai Nagar 10th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.