Guideline Value for Jai Nagar 6th Street

Jai Nagar 6th Street guideline value

The current guideline value of Jai Nagar 6th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village under the AnnaNagar SRO, classified as Residential Class I Type - II.

How the guideline value of Jai Nagar 6th Street has changed

In the 2007 revision, the guideline value was Rs 1,300 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in the 2012 revision, marking a rise of 208%. However, the value decreased to Rs 2,680 per sq.ft in the 2017 revision, a reduction of 33%. The guideline value then saw a substantial increase to Rs 4,000 per sq.ft in the 2023 revision, which was a 49% increase from the previous revision. The current guideline value of Rs 4,400 per sq.ft in the 2024 revision represents a 10% increase from 2023.

For the years 2002 and 2003, the register has no figure for Jai Nagar 6th Street. Overall, from 2007 to 2024, the guideline value has increased by 238%.

Guideline values in Koyakbedu

Koyakbedu village has 270 streets under the AnnaNagar SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median value is Rs 4,400 per sq.ft, which is the same as the guideline value for Jai Nagar 6th Street.

• Jai Nagar 5th Street: Rs 4,400 per sq.ft (2024)
• Jai Nagar 7th Street: Rs 4,400 per sq.ft (2024)
• Jai Nagar 4th Street: Rs 4,400 per sq.ft (2024)
• Jai Nagar 8th Street: Rs 4,400 per sq.ft (2024)
• Jai Nagar 3rd Street: Rs 4,400 per sq.ft (2024)
• Jai Nagar 9th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jai Nagar 6th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jai Nagar 6th Street?

The Sub Registrar Office that covers Jai Nagar 6th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near 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, as it determines the minimum value at which a property can be registered. When buying or selling property in Koyakbedu, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements. This value is regularly updated, reflecting changes in the real estate market and local regulations.

Frequently asked questions

What is the current guideline value of Jai Nagar 6th Street?

The current guideline value of Jai Nagar 6th 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, marking an overall increase of 238% over this period.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a 1,000 sq.ft plot, the combined fees would total Rs 3,96,000.

Which office handles registrations for Jai Nagar 6th Street?

The AnnaNagar Sub Registrar Office is responsible for handling registrations for Jai Nagar 6th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value of streets in Koyakbedu?

The median guideline value of streets in Koyakbedu is Rs 4,400 per sq.ft, which is the same as the current guideline value for Jai Nagar 6th Street.