Guideline Value for Jegannatha Nagar 3rd Street

Jegannatha Nagar 3rd Street guideline value

The current guideline value of Jegannatha Nagar 3rd 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 3rd Street has changed

The guideline value for Jegannatha Nagar 3rd Street has seen several revisions over the years. The earliest recorded figure is from 2007, when the guideline value was Rs 1,300 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 208%. However, the value then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The most recent revisions show a substantial increase to Rs 4,000 per sq.ft in 2023, followed by a further increase to Rs 4,400 per sq.ft in 2024, which is a rise of 10%.

Overall, from 2007 to 2024, the guideline value has increased by 238%. It is important to note that 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 equal to the guideline value of Jegannatha Nagar 3rd Street for 2024.

• Jegannatha Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 5th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 2nd Main Road: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 6th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 23rd Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 7th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jegannatha Nagar 3rd Street

For a 1,000 sq.ft plot at the current rate 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, 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 and the sale price.

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

Which Sub Registrar Office covers Jegannatha Nagar 3rd Street?

The Sub Registrar Office that covers Jegannatha Nagar 3rd 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 plays a crucial role during property transactions in Koyakbedu. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration. This ensures that the transaction is recorded accurately in the government records.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Jegannatha Nagar 3rd Street?

The current guideline value of Jegannatha Nagar 3rd 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, reflecting an overall increase of 238% during this period.

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

Other streets in Koyakbedu with the same guideline value of Rs 4,400 per sq.ft include Jegannatha Nagar 2nd Street, Jegannatha Nagar 5th Street, Jegannatha Nagar 2nd Main Road, Jegannatha Nagar 6th Street, Jegannatha Nagar 23rd Street, and Jegannatha Nagar 7th Street.

What is the registration fee for properties in Jegannatha Nagar 3rd Street?

The registration fee for properties in Jegannatha Nagar 3rd Street is calculated at 2% of the guideline value. For a property with a guideline value of Rs 44,00,000, the registration fee would be Rs 88,000.

Which office handles property registrations for Jegannatha Nagar 3rd Street?

The AnnaNagar Sub Registrar Office handles property registrations for Jegannatha Nagar 3rd Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.