Guideline Value for Jegannatha Nagar 23rd Street

Jegannatha Nagar 23rd Street guideline value

The current guideline value of Jegannatha Nagar 23rd 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 23rd Street has changed

The guideline value for Jegannatha Nagar 23rd Street has seen several revisions over the years. The earliest recorded revision was in 2007, with a value of Rs 1,300 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 208%. However, there was a decrease to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value then rose again to Rs 4,000 per sq.ft in 2023, and most recently, it has increased to Rs 4,400 per sq.ft in 2024, reflecting a 10% change from the previous year.

The overall change from the 2007 revision to the 2024 revision is an increase of 238%. There are no figures available for the years 2002 and 2003 in the register 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 current guideline value for Jegannatha Nagar 23rd Street.

• Jegannatha Nagar 22nd Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 2nd Main Road: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 21st Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 20th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 3rd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jegannatha Nagar 23rd 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 amount to 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 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 23rd Street?

The Sub Registrar Office that covers Jegannatha Nagar 23rd 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 crucial factor when registering property transactions in Koyakbedu. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps both parties understand the official value of the property, which is essential for legal and financial transactions. It is important to consult the latest guideline values to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of Jegannatha Nagar 23rd Street?

The current guideline value of Jegannatha Nagar 23rd 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 is the land classification for Jegannatha Nagar 23rd Street?

Jegannatha Nagar 23rd Street is classified as Residential Class I Type - II.

Where can I calculate stamp duty and registration fees?

You can calculate stamp duty and registration fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers this area?

The AnnaNagar Sub Registrar Office covers Jegannatha Nagar 23rd Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.