Guideline Value for Jak Nagar (Annai Therasa Street)

Jak Nagar (Annai Therasa Street) guideline value

The current guideline value of Jak Nagar (Annai Therasa Street) is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO, and is classified as Residential Special Type - I.

How the guideline value of Jak Nagar (Annai Therasa Street) has changed

Over the years, the guideline value for Jak Nagar (Annai Therasa Street) has undergone several revisions. The most recent revision in 2024 set the guideline value at Rs 3,800 per sq.ft, which is an increase from Rs 3,500 per sq.ft in 2023, marking a change of +9%. Prior to that, the guideline value was Rs 2,345 per sq.ft in 2017, reflecting a significant increase of +49% from the 2017 revision to the 2023 revision. The 2012 revision also recorded a value of Rs 3,500 per sq.ft, which was a decrease of -33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by +9%.

The register has no figures for the years 2002, 2003, and 2007 for this street. The 2012 figure was Rs 3,500 per sq.ft, followed by the 2017 figure of Rs 2,345 per sq.ft, and then the 2023 figure of Rs 3,500 per sq.ft, leading to the current 2024 value of Rs 3,800 per sq.ft.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft, with a median value of Rs 2,400 per sq.ft. The guideline value for Jak Nagar (Annai Therasa Street) is above this median.

• Jak Nagar: Rs 3,800 per sq.ft (2024)
• Jak Nagar (Bharathiyar Street): Rs 3,800 per sq.ft (2024)
• Jak nagar Extn. Phase II: Rs 3,800 per sq.ft (2024)
• Jak Nagar (Kakkan Street): Rs 3,800 per sq.ft (2024)
• Jak Nagar (Kamarajar Street): Rs 3,800 per sq.ft (2024)
• Jak Nagar (Kambar Street): Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Jak Nagar (Annai Therasa Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total cost for these fees to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Jak Nagar (Annai Therasa Street)?

The Sub Registrar Office that covers Jak Nagar (Annai Therasa Street) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value serves as a benchmark for property transactions in Thirumullaivoyal. When a property is bought or sold, this value is used to determine the applicable stamp duty and registration fees, which are essential for the legal transfer of property ownership.

It is crucial for buyers and sellers to be aware of the guideline value, as it directly impacts the financial obligations during the registration process. Understanding this value helps in making informed decisions when engaging in property transactions.

Frequently asked questions

What is the current guideline value of Jak Nagar (Annai Therasa Street)?

The current guideline value of Jak Nagar (Annai Therasa Street) is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, with the most recent revision in 2024 increasing it to Rs 3,800 per sq.ft from Rs 3,500 per sq.ft in 2023. The value was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012.

What is the land classification for Jak Nagar (Annai Therasa Street)?

Jak Nagar (Annai Therasa Street) is classified as Residential Special Type - I. This classification indicates the intended use of the land for residential purposes.

Where can I find the Sub Registrar Office for Jak Nagar (Annai Therasa Street)?

The Sub Registrar Office covering Jak Nagar (Annai Therasa Street) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees when buying or selling property. It serves as a benchmark for these financial obligations during the registration process.