Guideline Value for Jegannatha Nagar 13th Street

Jegannatha Nagar 13th Street guideline value

The current guideline value of Jegannatha Nagar 13th Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village, under the jurisdiction of the AnnaNagar SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Jegannatha Nagar 13th Street has changed

The guideline value for Jegannatha Nagar 13th Street has seen several revisions over the years. In 2007, the value was Rs 1,300 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 208%. However, it then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value rebounded to Rs 4,000 per sq.ft in 2023, and further increased to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase from the previous year. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, there has been a substantial increase of 238% in the guideline value for this street.

Guideline values in Koyakbedu

Koyakbedu village has 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 for these streets is Rs 4,400 per sq.ft, which is the same as the 2024 guideline value for Jegannatha Nagar 13th Street.

• Jegannatha Nagar 12th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 14th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 11th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 15th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 10th 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 13th 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, 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 or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jegannatha Nagar 13th Street?

The Jegannatha Nagar 13th 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 plays a crucial role in the registration process for property transactions in Koyakbedu. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property. The guideline value ensures that the transaction is recorded at a fair value as per the government regulations.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly influences the costs associated with the transaction. Buyers and sellers should consult the latest guideline values to ensure compliance with the registration requirements.

Frequently asked questions

What is the current guideline value of Jegannatha Nagar 13th Street?

The current guideline value of Jegannatha Nagar 13th 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 land classification for Jegannatha Nagar 13th Street?

The land classification for Jegannatha Nagar 13th Street is Residential Class I Type - II.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles the registration for Jegannatha Nagar 13th Street?

The registration for Jegannatha Nagar 13th Street is handled by the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.