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Guideline Value

Corporate

Guideline Value for Jai Nagar 4th Street

₹4400/sq.ft.

The guideline value for Jai Nagar 4th 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 4th Street

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Jai Nagar 4th Street guideline value

The current guideline value of Jai Nagar 4th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Jai Nagar 4th Street has changed

The guideline value for Jai Nagar 4th Street has seen significant changes over the years. In the 2007 revision, the value was Rs 1,300 per sq.ft. This increased dramatically to Rs 4,000 per sq.ft in the 2012 revision, marking a 208% rise. However, it then decreased to Rs 2,680 per sq.ft in the 2017 revision, reflecting a 33% drop. Following this, the value surged to Rs 4,000 per sq.ft in the 2023 revision, and finally, it reached Rs 4,400 per sq.ft in the 2024 revision, a 10% increase from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 238%. It is important to note that the register has no figures for Jai Nagar 4th Street in the years 2002 and 2003.

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

Stamp duty and registration fee for property in Jai Nagar 4th 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 to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jai Nagar 4th Street?

The Sub Registrar Office that covers Jai Nagar 4th 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 plays a crucial role in the registration process when buying or selling property in Koyakbedu. It is used to determine the stamp duty and registration fees payable during the transaction. Buyers and sellers must be aware that the guideline value is the baseline for calculating these fees.

When a property is registered, the guideline value or the sale price is considered, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jai Nagar 4th Street?

The current guideline value of Jai Nagar 4th 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, increasing from Rs 1,300 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, representing a total increase of 238% over the years.

What is the land classification for Jai Nagar 4th Street?

The land classification for Jai Nagar 4th Street is Residential Class I Type - II.

Where can I find the Sub Registrar Office for Jai Nagar 4th Street?

The Sub Registrar Office for Jai Nagar 4th Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How is the stamp duty calculated for properties in Koyakbedu?

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