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Guideline Value

Corporate

Guideline Value for Jegannatha Nagar 2nd Main Road

₹4400/sq.ft.

The guideline value for Jegannatha Nagar 2nd Main Road in Koyakbedu village (Annanagar SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Koyakbedu

Village

AnnaNagar

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561062
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Jegannatha Nagar 2nd Main Road

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Jegannatha Nagar 2nd Main Road guideline value

The current guideline value for Jegannatha Nagar 2nd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village, under the AnnaNagar SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Jegannatha Nagar 2nd Main Road has changed

The guideline value for Jegannatha Nagar 2nd Main Road has undergone several revisions over the years. In 2007, the value was Rs 1,500 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012. However, it decreased to Rs 2,680 per sq.ft in 2017. The value then saw a significant rise to Rs 4,000 per sq.ft in 2023, and currently stands at Rs 4,400 per sq.ft in the 2024 revision. The changes between these revisions are noteworthy: from 2007 to 2012, there was an increase of 167%, followed by a decrease of 33% from 2012 to 2017. The value then rose by 49% from 2017 to 2023, and finally, an increase of 10% from 2023 to 2024.

For the years 2002 and 2003, the register has no figure for this street in it. Overall, from 2007 to 2024, the guideline value has increased by 193%.

Guideline values in Koyakbedu

Koyakbedu village has a range of guideline values across its 270 streets under the AnnaNagar SRO, with rates varying 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 value for Jegannatha Nagar 2nd Main Road.

Stamp duty and registration fee for property in Jegannatha Nagar 2nd Main Road

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, while 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 guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jegannatha Nagar 2nd Main Road?

The Sub Registrar Office that covers Jegannatha Nagar 2nd Main Road 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 plays a crucial role in the registration process when buying or selling property in Koyakbedu. It serves as a reference point for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the buyer and seller must ensure that the sale price is in accordance with the guideline value. If the sale price is lower than the guideline value, the duty will be calculated based on the guideline value to ensure proper taxation.

Frequently asked questions

What is the current guideline value of Jegannatha Nagar 2nd Main Road?

The current guideline value of Jegannatha Nagar 2nd Main Road 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 significantly, from Rs 1,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 193% over the years.

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

Several other streets in Koyakbedu have the same guideline value of Rs 4,400 per sq.ft for 2024, including Jegannatha Nagar 23rd Street, 2nd Street, 22nd Street, 3rd Street, 21st Street, and 5th Street.

What is the stamp duty for property in Jegannatha Nagar 2nd Main Road?

The stamp duty for property in Jegannatha Nagar 2nd Main Road is calculated at 7% of the guideline value. For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000.

Where can I find the Sub Registrar Office for Jegannatha Nagar 2nd Main Road?

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