Guideline Value for Jawahar Nagar 2nd cross Street, Chennai 82

Jawahar Nagar 2nd cross Street, Chennai 82 guideline value

The current guideline value of Jawahar Nagar 2nd cross Street, Chennai 82 is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Ayanavaram village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Jawahar Nagar 2nd cross Street, Chennai 82 has changed

Over the years, the guideline value of Jawahar Nagar 2nd cross Street has seen significant changes. The earliest recorded revision is from 2007, when the guideline value was Rs 1,000 per sq.ft. This figure increased dramatically to Rs 5,000 per sq.ft in 2012, marking a substantial rise of 400%. However, from 2012 to 2017, the value dropped to Rs 3,350 per sq.ft, a decline of 33%. The value then rose again to Rs 5,000 per sq.ft in 2023, and most recently, it has increased to Rs 5,500 per sq.ft in the 2024 revision, reflecting a 10% increase.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Ayanavaram

Ayanavaram village has a total of 369 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median guideline value for these streets is Rs 4,900 per sq.ft, making the 2024 figure for Jawahar Nagar 2nd cross Street, Chennai 82 above the median.

• Jawahar Nagar, Chennai 82: Rs 5,500 per sq.ft (2024)
• Jawahar Nagar Ist cross Street, Chennai 82: Rs 5,500 per sq.ft (2024)
• Jambulingam Main Road, Chennai 82: Rs 5,500 per sq.ft (2024)
• Jain Koil: Rs 3,300 per sq.ft (2024)
• J- Block, (East)2nd Street: Rs 11,000 per sq.ft (2024)
• J- Block, (East)6th Street: Rs 11,000 per sq.ft (2024)

Stamp duty and registration fee for property in Jawahar Nagar 2nd cross Street, Chennai 82

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It is important to note that 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 Jawahar Nagar 2nd cross Street, Chennai 82?

The Sub Registrar Office that covers Jawahar Nagar 2nd cross Street, Chennai 82 is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When a buyer approaches the registration office, the guideline value ensures that the transaction is recorded at a fair price, reflecting the value of the property in the current market conditions. This helps in maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Jawahar Nagar 2nd cross Street, Chennai 82?

The current guideline value of Jawahar Nagar 2nd cross Street, Chennai 82 is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, marking an overall increase of 450%.

What is the land classification for Jawahar Nagar 2nd cross Street?

The land classification for Jawahar Nagar 2nd cross Street is Residential Class I Type - II.

What are the stamp duty and registration fees for this property?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 4,95,000.

Which office handles registrations for this area?

The AnnaNagar Sub Registrar Office handles registrations for Jawahar Nagar 2nd cross Street, Chennai 82, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.