Guideline Value for Jegannatha Nagar 19th Street

Jegannatha Nagar 19th Street guideline value

The current guideline value of Jegannatha Nagar 19th 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, classified as Residential Class I Type - II.

How the guideline value of Jegannatha Nagar 19th Street has changed

The guideline value for Jegannatha Nagar 19th Street has seen several revisions over the years. The earliest recorded figure is from 2007, at Rs 1,300 per sq.ft. This 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 decline of 33%. The value rebounded to Rs 4,000 per sq.ft in 2023 and further increased to the current rate of Rs 4,400 per sq.ft in 2024, reflecting a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 238%. The revisions for the years 2002 and 2003 do not have any figures recorded 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 is Rs 4,400 per sq.ft, which is the same as the current value for Jegannatha Nagar 19th Street.

• Jegannatha Nagar 18th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 20th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 17th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 21st Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 16th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 22nd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jegannatha Nagar 19th 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.

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

Which Sub Registrar Office covers Jegannatha Nagar 19th Street?

The Jegannatha Nagar 19th Street falls under the jurisdiction of the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. To find your specific SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Koyakbedu

The guideline value is a crucial factor in property transactions in Koyakbedu, as it determines the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Jegannatha Nagar 19th Street?

The current guideline value of Jegannatha Nagar 19th 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 increased from Rs 1,300 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 238% over the years.

What are the other streets with the same guideline value in Koyakbedu?

Other streets in Koyakbedu with the same guideline value of Rs 4,400 per sq.ft include Jegannatha Nagar 18th Street, 20th Street, 17th Street, 21st Street, 16th Street, and 22nd Street.

What is the stamp duty rate for properties in Jegannatha Nagar 19th Street?

The stamp duty rate for properties in Jegannatha Nagar 19th Street is 7%, calculated on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Jegannatha Nagar 19th Street?

The Sub Registrar Office covering Jegannatha Nagar 19th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.