Guideline Value for Jai Nagar 18th Street

Jai Nagar 18th Street guideline value

The current guideline value of Jai Nagar 18th 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 falls under the Residential Class I Type - II land classification.

How the guideline value of Jai Nagar 18th Street has changed

The guideline value for Jai Nagar 18th Street has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 1,300 per sq.ft. This increased to Rs 4,000 per sq.ft in 2012, marking a significant rise of 208%. However, by 2017, the value decreased to Rs 2,680 per sq.ft, which was a decline of 33%. The value then saw a substantial increase to Rs 4,000 per sq.ft in 2023, followed by another increase to Rs 4,400 per sq.ft in 2024, representing a 10% rise.

From 2017 to 2023, the value increased by 49%, and overall, from 2007 to 2024, the guideline value has increased by 238%. It is important to note that there are no recorded 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 the same as the 2024 figure for Jai Nagar 18th Street.

• Jai Nagar 17th Street: Rs 4,400 per sq.ft (2024)
• Jai Nagar 19th Street: Rs 4,400 per sq.ft (2024)
• Jai Nagar 16th Street: Rs 4,400 per sq.ft (2024)
• Jai Nagar 15th Street: Rs 4,400 per sq.ft (2024)
• Jai Nagar 20th Street: Rs 4,400 per sq.ft (2024)
• Jai Nagar 14th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jai Nagar 18th Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the 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 to Rs 3,96,000. Please note that the 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 details.

Which Sub Registrar Office covers Jai Nagar 18th Street?

The Sub Registrar Office that covers Jai Nagar 18th 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 calculating stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

When a property is sold, the buyer and seller must consider the guideline value to determine the applicable fees. The registration office uses this value to assess the transaction, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Jai Nagar 18th Street?

The current guideline value of Jai Nagar 18th 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 significantly, 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 the years.

What is the median guideline value in Koyakbedu?

The median guideline value in Koyakbedu village is Rs 4,400 per sq.ft, which is the same as the current guideline value for Jai Nagar 18th Street.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where is the Sub Registrar Office for Jai Nagar 18th Street?

The Sub Registrar Office for Jai Nagar 18th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.