Guideline Value for Jawahar Nagar Ist cross Street, Chennai 82

Jawahar Nagar Ist cross Street, Chennai 82 guideline value

The current guideline value of Jawahar Nagar Ist 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 Ist cross Street, Chennai 82 has changed

The guideline value for Jawahar Nagar Ist cross Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,000 per sq.ft. This increased significantly to Rs 5,000 per sq.ft in 2012, marking a 400% rise. However, the value then decreased to Rs 3,350 per sq.ft in 2017, a drop of 33%. The most recent revision in 2023 set the value at Rs 5,000 per sq.ft, which then increased by 10% to reach the current value of Rs 5,500 per sq.ft in 2024.

Overall, from 2007 to 2024, the guideline value has increased by 450%. The revisions for the years 2002 and 2003 do not have any figures listed for this street in the register.

Guideline values in Ayanavaram

Ayanavaram has a total of 369 streets under the AnnaNagar SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,000 per sq.ft. The median value for these streets is Rs 4,900 per sq.ft, making the 2024 guideline value for Jawahar Nagar Ist cross Street above this median.

• Jawahar Nagar, Chennai 82: Rs 5,500 per sq.ft (2024)
• Jawahar Nagar 2nd 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 Ist cross Street, Chennai 82

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, while the registration fee at 2% would be Rs 1,10,000. Together, the total cost for these fees would be Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jawahar Nagar Ist cross Street, Chennai 82?

The Sub Registrar Office that covers Jawahar Nagar Ist cross 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 Ayanavaram

When buying or selling property in Ayanavaram, the guideline value is used to determine the stamp duty and registration fees payable at the time of registration. This value is crucial as it helps in calculating the legal costs associated with the transaction.

The guideline value ensures that all property transactions are conducted fairly and transparently, as it reflects the official value set by the government for different areas, including Jawahar Nagar Ist cross Street.

Frequently asked questions

What is the current guideline value of Jawahar Nagar Ist cross Street?

The current guideline value of Jawahar Nagar Ist 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 significantly, increasing from Rs 1,000 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, which is a total increase of 450% over the years.

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

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which Sub Registrar Office covers this street?

The AnnaNagar Sub Registrar Office covers Jawahar Nagar Ist cross Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Jawahar Nagar Ist cross Street?

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