Guideline Value for Jawaharlal Nehur Salai Main Road(Ambedkar Statue Bridge To Jai Nagar) Ring Road

Jawaharlal Nehur Salai Main Road(Ambedkar Statue Bridge to Jai Nagar) Ring Road guideline value

The current guideline value for Jawaharlal Nehur Salai Main Road (Ambedkar Statue Bridge to Jai Nagar) Ring Road is Rs 13,100 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village, under the AnnaNagar SRO, and is classified as Mixed Type - I land.

How the guideline value of Jawaharlal Nehur Salai Main Road(Ambedkar Statue Bridge to Jai Nagar) Ring Road has changed

The guideline value for this street has undergone several revisions over the years. In 2007, the value was Rs 11,500 per sq.ft, which increased to Rs 12,000 per sq.ft in 2012. However, it saw a significant drop to Rs 8,040 per sq.ft in 2017. The value then rose sharply to Rs 12,000 per sq.ft in 2023, before reaching the current figure of Rs 13,100 per sq.ft in 2024. The changes from 2012 to 2017 reflect a decrease of 33%, while the jump from 2017 to 2023 marks an increase of 49%.

There are no figures available for the years 2002 and 2003 for this street. From 2023 to 2024, the guideline value saw an increase of 9%. Overall, comparing the 2007 figure to the 2024 figure, there has been a rise of 14% in the guideline value.

Guideline values in Koyakbedu

Koyakbedu has a total of 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 guideline value in this area is Rs 4,400 per sq.ft, making the current value of this street above the median.

• Jawaharlal Nehru Salai: Rs 13,200 per sq.ft (2024)
• Jai Nagar (Jagannatha Nagar 4th Street): Rs 3,300 per sq.ft (2024)
• Jai Nagar Ist Street: Rs 4,400 per sq.ft (2024)
• Jai Nagar Ist Main Road: Rs 4,400 per sq.ft (2024)
• Jai Nagar 9th Street: Rs 4,400 per sq.ft (2024)
• Jai Nagar 8th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jawaharlal Nehur Salai Main Road(Ambedkar Statue Bridge to Jai Nagar) Ring Road

For a 1,000 sq.ft plot at the current guideline value of Rs 13,100 per sq.ft, the total guideline value amounts to Rs 1,31,00,000. The stamp duty at 7% would be Rs 9,17,000, and the registration fee at 2% would be Rs 2,62,000, bringing the total fees together to Rs 11,79,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jawaharlal Nehur Salai Main Road(Ambedkar Statue Bridge to Jai Nagar) Ring Road?

The Sub Registrar Office that covers Jawaharlal Nehur Salai Main Road (Ambedkar Statue Bridge to Jai Nagar) Ring Road 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 Koyakbedu

The guideline value is a critical factor when registering property transactions in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process.

When a property is bought or sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the fees are aligned with the current market standards as set by the Registration Department.

Frequently asked questions

What is the current guideline value for Jawaharlal Nehur Salai Main Road?

The current guideline value for Jawaharlal Nehur Salai Main Road (Ambedkar Statue Bridge to Jai Nagar) Ring Road is Rs 13,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 11,500 per sq.ft in 2007 to Rs 12,000 per sq.ft in 2012, then decreased to Rs 8,040 per sq.ft in 2017, before increasing to Rs 12,000 per sq.ft in 2023 and finally reaching Rs 13,100 per sq.ft in 2024.

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

For a property valued at Rs 1,31,00,000, the stamp duty would be Rs 9,17,000 and the registration fee would be Rs 2,62,000, totaling Rs 11,79,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles registrations for properties in Koyakbedu?

The AnnaNagar Sub Registrar Office is responsible for handling registrations for properties in Koyakbedu. It is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the median guideline value for streets in Koyakbedu?

The median guideline value for the 270 streets in Koyakbedu is Rs 4,400 per sq.ft. The guideline value for Jawaharlal Nehur Salai Main Road is above this median.