Guideline Value for Jai Nagar 13th Street

Jai Nagar 13th Street guideline value

The current guideline value of Jai Nagar 13th 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 13th Street has changed

The guideline value for Jai Nagar 13th Street has undergone 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, there was a decrease to Rs 2,680 per sq.ft in 2017. The value then rose sharply to Rs 4,000 per sq.ft in 2023, before reaching the current value of Rs 4,400 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2012 to 2017 saw a decline of 33%, while the increase from 2007 to 2012 was 208%. 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 guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is equal to the current value of Jai Nagar 13th Street.

• Jai Nagar 12th Street: Rs 4,400 per sq.ft (2024)
• Jai Nagar 14th Street: Rs 4,400 per sq.ft (2024)
• Jai Nagar 11th Street: Rs 4,400 per sq.ft (2024)
• Jai Nagar 15th Street: Rs 4,400 per sq.ft (2024)
• Jai Nagar 10th 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 13th 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, bringing the total to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Jai Nagar 13th Street?

The Sub Registrar Office that covers Jai Nagar 13th 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 information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Koyakbedu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When a property is sold, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures transparency in property transactions and helps buyers and sellers understand the financial implications of their deals.

Frequently asked questions

What is the current guideline value of Jai Nagar 13th Street?

The current guideline value of Jai Nagar 13th 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 seen several changes, starting from Rs 1,300 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, with various revisions in between.

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 value for Jai Nagar 13th Street.

How is stamp duty calculated for properties in Jai Nagar 13th Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000.

Which office handles property registrations for Jai Nagar 13th Street?

The AnnaNagar Sub Registrar Office handles property registrations for Jai Nagar 13th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.