Guideline Value for Jegannatha Nagar 2nd Street

Jegannatha Nagar 2nd Street guideline value

The current guideline value of Jegannatha Nagar 2nd Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Koyakbedu village under the AnnaNagar SRO, classified as Residential Class I Type - II.

How the guideline value of Jegannatha Nagar 2nd Street has changed

Over the years, the guideline value of Jegannatha Nagar 2nd Street has seen significant changes. In the 2007 revision, the value was Rs 1,300 per sq.ft, which increased by 208% to Rs 4,000 per sq.ft in 2012. However, it then decreased by 33% to Rs 2,680 per sq.ft in the 2017 revision. The value rose again by 49% to Rs 4,000 per sq.ft in 2023, and is currently set at Rs 4,400 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

The register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 238%.

Guideline values in Koyakbedu

In Koyakbedu, there are 270 streets under the AnnaNagar SRO with a guideline value 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 2nd Street.

• Jegannatha Nagar 2nd Main Road: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 3rd Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 23rd Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 5th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 22nd Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 6th Street: Rs 4,400 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the 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. 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 accurate calculations.

Which Sub Registrar Office covers Jegannatha Nagar 2nd Street?

The Jegannatha Nagar 2nd 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. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property in Koyakbedu. It is used to determine the stamp duty and registration fees that buyers and sellers must pay during the property transaction process.

When a property is sold, the guideline value serves as a benchmark to ensure that the transaction is recorded accurately. This helps maintain transparency and fairness in property dealings within the region.

Frequently asked questions

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

The current guideline value of Jegannatha Nagar 2nd 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 significantly, increasing from Rs 1,300 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, with various fluctuations in between.

What is the median guideline value in Koyakbedu?

The median guideline value in Koyakbedu is Rs 4,400 per sq.ft, which is the same as the current value for Jegannatha Nagar 2nd Street.

What are the stamp duty and registration fees for a property in Jegannatha Nagar 2nd Street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 3,96,000, based on the current guideline value.

Which office handles registrations for Jegannatha Nagar 2nd Street?

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