Guideline Value for Jai Nagar 11th Street

Jai Nagar 11th Street guideline value

The current guideline value of Jai Nagar 11th 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 11th Street has changed

The guideline value for Jai Nagar 11th Street has seen several revisions over the years. In 2007, the value was Rs 1,300 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, it then dropped to Rs 2,680 per sq.ft in 2017. The most recent revisions show a rise to Rs 4,000 per sq.ft in 2023 and finally to Rs 4,400 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 238%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Koyakbedu

Koyakbedu village has a total of 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 is Rs 4,400 per sq.ft, which is the same as the current guideline value for Jai Nagar 11th Street.

• Jai Nagar 10th 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 11th 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, and the registration fee at 2% would be Rs 88,000, bringing the total fees to 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.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jai Nagar 11th Street?

The Sub Registrar Office that covers Jai Nagar 11th 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 details.

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

The guideline value plays a crucial role in property transactions within Koyakbedu. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with legal requirements.

When a property is sold, 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 the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jai Nagar 11th Street?

The current guideline value of Jai Nagar 11th 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 a significant overall increase of 238% over the years.

What are the stamp duty rates for properties in Jai Nagar 11th Street?

The stamp duty rate for properties in Jai Nagar 11th Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Jai Nagar 11th Street located?

The Sub Registrar Office for Jai Nagar 11th Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

What is the median guideline value in Koyakbedu?

The median guideline value in Koyakbedu is Rs 4,400 per sq.ft, which is the same as the current guideline value for Jai Nagar 11th Street.