Guideline Value for Jegannatha Nagar 16th Street

Jegannatha Nagar 16th Street guideline value

The current guideline value of Jegannatha Nagar 16th 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 16th Street has changed

The guideline value for Jegannatha Nagar 16th Street has undergone several revisions over the years. In 2007, the guideline value was 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. The value then rose sharply to Rs 4,000 per sq.ft in 2023, before reaching the current figure of Rs 4,400 per sq.ft in 2024.

From 2017 to 2023, there was a substantial increase of 49%. The transition from 2012 to 2017 saw a decrease of 33%. The increase from 2007 to 2012 was a remarkable 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

In Koyakbedu, there are 270 streets under the AnnaNagar SRO, with the 2024 guideline values ranging from Rs 2,200 to Rs 16,500 per sq.ft. The median value is Rs 4,400 per sq.ft, which is equal to the guideline value of Jegannatha Nagar 16th Street.

• Jegannatha Nagar 15th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 17th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 14th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 18th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 13th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 19th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jegannatha Nagar 16th 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. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jegannatha Nagar 16th Street?

The Sub Registrar Office that covers Jegannatha Nagar 16th Street 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 Koyakbedu

The guideline value is a critical factor in the registration process when buying or selling property in Koyakbedu. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a standardized value, which helps in maintaining transparency in real estate transactions. Buyers and sellers must be aware of these values to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Jegannatha Nagar 16th Street?

The current guideline value of Jegannatha Nagar 16th 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, showing an overall increase of 238% over this period.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 44,00,000, the total fees would amount to Rs 3,96,000.

Which Sub Registrar Office covers this street?

The AnnaNagar Sub Registrar Office covers Jegannatha Nagar 16th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What is the land classification for Jegannatha Nagar 16th Street?

The land classification for Jegannatha Nagar 16th Street is Residential Class I Type - II.