Guideline Value for Jegannatha Nagar 5th Street

Jegannatha Nagar 5th Street guideline value

The current guideline value of Jegannatha Nagar 5th 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 5th Street has changed

The guideline value for Jegannatha Nagar 5th Street has undergone several revisions over the years. In 2007, the value was Rs 1,300 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, it then saw a decrease to Rs 2,680 per sq.ft in 2017. Following this, the value rose sharply to Rs 4,000 per sq.ft in 2023, and then to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The earlier increase from 2007 to 2012 was 208%, while the decrease from 2012 to 2017 was 33%. Overall, from 2007 to 2024, the guideline value has increased by 238%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Koyakbedu

In Koyakbedu, there are 270 streets under the AnnaNagar SRO, with 2024 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 5th Street.

• Jegannatha Nagar 3rd Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 6th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 7th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 2nd Main Road: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 8th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jegannatha Nagar 5th 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 be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, making the total amount 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 the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jegannatha Nagar 5th Street?

The Sub Registrar Office that covers Jegannatha Nagar 5th 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 when buying or selling property in Koyakbedu. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be considered for calculating the duty.

When registering a property, it is essential to ensure that the guideline value is accurately reflected in the documentation. This helps in avoiding any discrepancies during the registration process and ensures compliance with local regulations.

Frequently asked questions

What is the current guideline value of Jegannatha Nagar 5th Street?

The current guideline value of Jegannatha Nagar 5th 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, with various revisions in between, including a decrease and subsequent increases.

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 5th Street.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where is the Sub Registrar Office for Jegannatha Nagar 5th Street located?

The Sub Registrar Office for Jegannatha Nagar 5th Street is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.