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Guideline Value

Corporate

Guideline Value for Jai Nagar 15th Street

₹4400/sq.ft.

The guideline value for Jai Nagar 15th Street in Koyakbedu village (Annanagar SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Koyakbedu

Village

AnnaNagar

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /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 15th Street

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Jai Nagar 15th Street guideline value

The current guideline value of Jai Nagar 15th Street is Rs 4,400 per sq.ft. This street is located in Koyakbedu village, under the AnnaNagar SRO, and falls under the Residential Class I Type - II land classification.

How the guideline value of Jai Nagar 15th Street has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 1,300 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012, marking a rise of 208%. However, the value dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The 2023 revision saw a further increase to Rs 4,000 per sq.ft, and the latest revision in 2024 has set the value at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, there has been a substantial increase of 238% in the guideline value for Jai Nagar 15th Street. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Koyakbedu

Koyakbedu village has a total of 270 streets under the AnnaNagar SRO, with the 2024 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 the same as the current value for Jai Nagar 15th Street.

Stamp duty and registration fee for property in Jai Nagar 15th 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. You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jai Nagar 15th Street?

The Sub Registrar Office that covers Jai Nagar 15th 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 property transactions in Koyakbedu. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers must consider the guideline value as it directly impacts the overall transaction costs.

When registering a property, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable fees. Therefore, understanding the current guideline value is essential for anyone looking to engage in real estate transactions in this area.

Frequently asked questions

What is the current guideline value of Jai Nagar 15th Street?

The current guideline value of Jai Nagar 15th Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,300 per sq.ft to Rs 4,400 per sq.ft in 2024, marking an overall increase of 238% over this period.

What are the guideline values of other streets in Koyakbedu?

Other streets in Koyakbedu have a 2024 guideline value of Rs 4,400 per sq.ft, which is the same as Jai Nagar 15th Street. This includes Jai Nagar 12th, 13th, 14th, 16th, 17th, and 18th Streets.

What is the stamp duty rate for properties in Jai Nagar 15th Street?

The stamp duty rate for properties in Jai Nagar 15th 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 15th Street?

The Sub Registrar Office for Jai Nagar 15th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.