Guideline Value for Jegannatha Nagar 12th Street

Jegannatha Nagar 12th Street guideline value

The current guideline value of Jegannatha Nagar 12th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village under the AnnaNagar SRO, classified as Residential Class I Type - II.

How the guideline value of Jegannatha Nagar 12th Street has changed

Over the years, the guideline value for Jegannatha Nagar 12th Street has seen several revisions. The 2007 revision set the value at Rs 1,300 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, this value dropped to Rs 2,680 per sq.ft in 2017 before rising to Rs 4,000 per sq.ft again in 2023. The most recent revision in 2024 has increased the guideline value to Rs 4,400 per sq.ft, marking a 10% rise from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The transition from 2012 to 2017 saw a decrease of 33%. The increase from 2007 to 2012 was substantial at 208%. Overall, from 2007 to 2024, the guideline value has increased by 238%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Koyakbedu

Koyakbedu village features a range of guideline values across its 270 streets under the AnnaNagar SRO, with values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, which matches the current guideline value for Jegannatha Nagar 12th Street.

• Jegannatha Nagar 11th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 13th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 10th 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 12th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jegannatha Nagar 12th Street?

The Jegannatha Nagar 12th 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 critical 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 at the time of property registration.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the government receives the appropriate revenue based on the property's value. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value of Jegannatha Nagar 12th Street?

The current guideline value of Jegannatha Nagar 12th Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

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

What is the stamp duty for property in Jegannatha Nagar 12th Street?

The stamp duty for property in Jegannatha Nagar 12th Street is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers this street?

The AnnaNagar Sub Registrar Office covers Jegannatha Nagar 12th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

Are there other streets in Koyakbedu with the same guideline value?

Yes, several other streets in Koyakbedu have the same guideline value of Rs 4,400 per sq.ft as Jegannatha Nagar 12th Street, including Jegannatha Nagar 11th, 13th, 10th, 14th, 15th, and 16th Streets.