Guideline Value for Jawahar Nagar, Chennai 82

Jawahar Nagar, Chennai 82 guideline value

The current guideline value for Jawahar Nagar, Chennai 82 is Rs 5,500 per sq.ft, effective from 1 July 2024. This area falls under Ayanavaram village and is classified as Residential Class I Type - II, governed by the AnnaNagar SRO.

How the guideline value of Jawahar Nagar, Chennai 82 has changed

The guideline value for Jawahar Nagar has undergone several revisions over the years. In 2007, the guideline value was set at Rs 1,000 per sq.ft. This figure increased significantly to Rs 5,000 per sq.ft in 2012, marking a 400% rise. However, the value saw a decrease to Rs 3,350 per sq.ft in 2017, which was a 33% drop. The value then rose to Rs 5,000 per sq.ft in 2023, a 49% increase from the previous revision. Most recently, the 2024 revision set the guideline value at Rs 5,500 per sq.ft, reflecting a 10% increase from 2023.

It is important to note that the register has no 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 in this area is Rs 4,900 per sq.ft, placing Jawahar Nagar's current value above this median.

• Jawahar Nagar Ist cross Street, 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, 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 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 fees to Rs 4,95,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jawahar Nagar, Chennai 82?

The Sub Registrar Office that covers Jawahar Nagar, Chennai 82 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

The guideline value is a crucial factor during the registration of property transactions in Ayanavaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in this area.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that both the buyer and seller adhere to the legal requirements set forth by the Registration Department. This process helps maintain transparency and standardization in property transactions.

Frequently asked questions

What is the current guideline value of Jawahar Nagar, Chennai 82?

The current guideline value of Jawahar Nagar, 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 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?

Jawahar Nagar is classified as Residential Class I Type - II, which is relevant for property transactions and guideline values in the area.

What are the stamp duty and registration fees for a property in Jawahar Nagar?

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.

Where is the Sub Registrar Office for Jawahar Nagar located?

The Sub Registrar Office for Jawahar Nagar is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.