Guideline Value for Jai Nagar 12th Street

Jai Nagar 12th Street guideline value

The current guideline value of Jai Nagar 12th Street is Rs 4,400 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 - II.

How the guideline value of Jai Nagar 12th Street has changed

The guideline value for Jai Nagar 12th 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, marking a change of +208%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a drop of -33%. The value then rose to Rs 4,000 per sq.ft in 2023, reflecting an increase of +49%.

The latest revision in 2024 has set the guideline value at Rs 4,400 per sq.ft, representing a 10% increase from the 2023 revision. Overall, from 2007 to 2024, the guideline value has increased by +238%. The register has no figures for the years 2002 and 2003 for this street.

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 guideline value for these streets is Rs 4,400 per sq.ft, which is equal to the current value of Jai Nagar 12th Street.

• Jai Nagar 11th Street: Rs 4,400 per sq.ft (2024)
• Jai Nagar 13th Street: Rs 4,400 per sq.ft (2024)
• Jai Nagar 10th 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 12th 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 cost 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, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jai Nagar 12th Street?

The Sub Registrar Office that covers Jai Nagar 12th Street is 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 details.

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

The guideline value is a crucial factor when buying or selling property in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property transaction process.

When a property is registered, the guideline value is used to calculate the applicable duties, ensuring that the transaction adheres to the legal requirements set by the Registration Department. This helps maintain transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of Jai Nagar 12th Street?

The current guideline value of Jai Nagar 12th 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 increased significantly from Rs 1,300 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of +238%.

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 as of 2024 include Jai Nagar 11th Street, Jai Nagar 13th Street, Jai Nagar 10th Street, Jai Nagar 14th Street, Jai Nagar 15th Street, and Jai Nagar 16th Street.

How is the stamp duty calculated for properties in Jai Nagar 12th Street?

The stamp duty for properties in Jai Nagar 12th Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000.

Where can I find the Sub Registrar Office for Jai Nagar 12th Street?

The Sub Registrar Office for Jai Nagar 12th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.