Guideline Value for Jegannatha Nagar 11th Street

Jegannatha Nagar 11th Street guideline value

The current guideline value of Jegannatha Nagar 11th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village and falls under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Jegannatha Nagar 11th Street has changed

The guideline value for Jegannatha Nagar 11th Street has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 1,300 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 208%. However, the value then decreased to Rs 2,680 per sq.ft in 2017, reflecting a drop of 33%. The subsequent revision in 2023 brought the value back up to Rs 4,000 per sq.ft, and the current revision for 2024 is Rs 4,400 per sq.ft, indicating a 10% increase from the previous year.

In summary, from 2007 to 2024, the overall increase in guideline value is 238%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Koyakbedu

In Koyakbedu, there are a total of 270 streets under the AnnaNagar SRO, with guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value is Rs 4,400 per sq.ft, which is equal to the current figure for Jegannatha Nagar 11th Street.

• Jegannatha Nagar 10th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 12th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 13th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 14th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 15th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 16th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jegannatha Nagar 11th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would amount to Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Jegannatha Nagar 11th Street?

The Jegannatha Nagar 11th Street falls under 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 Koyakbedu

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

When a property is sold, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers and sellers must be aware of the current guideline value to avoid any discrepancies in the registration process.

Frequently asked questions

What is the current guideline value of Jegannatha Nagar 11th Street?

The current guideline value of Jegannatha Nagar 11th Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,300 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 238% over the years.

What are the stamp duty and registration fees for property in Jegannatha Nagar 11th Street?

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 registration costs would be Rs 3,96,000.

Which Sub Registrar Office covers Jegannatha Nagar 11th Street?

The AnnaNagar Sub Registrar Office covers Jegannatha Nagar 11th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Jegannatha Nagar 11th Street?

The land classification for Jegannatha Nagar 11th Street is Residential Class I Type - II.