Guideline Value for Jegannatha Nagar 6th Street

Jegannatha Nagar 6th Street guideline value

The current guideline value of Jegannatha Nagar 6th 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 6th Street has changed

The guideline value for Jegannatha Nagar 6th Street has undergone several revisions over the years. In 2007, the value was Rs 1,300 per sq.ft, which increased significantly to Rs 3,000 per sq.ft in 2012, marking a rise of 131%. However, it then saw a decrease to Rs 2,680 per sq.ft in 2017, reflecting an 11% drop. The value surged again to Rs 4,000 per sq.ft in 2023, a notable increase of 49%. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, representing a 10% increase from the previous year.

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

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 value is Rs 4,400 per sq.ft, which is equal to the 2024 figure for Jegannatha Nagar 6th Street.

• Jegannatha Nagar 5th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 7th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 3rd Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 8th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 2nd Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 9th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jegannatha Nagar 6th 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 fees to Rs 3,96,000. It is important to note that the 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 accurate calculations.

Which Sub Registrar Office covers Jegannatha Nagar 6th Street?

The Jegannatha Nagar 6th Street falls under 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 further assistance.

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

The guideline value is a crucial factor when registering a property in Koyakbedu. It determines the minimum value at which the property can be registered, ensuring that the transaction is recorded at a fair rate as per government standards.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership. Buyers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Jegannatha Nagar 6th Street?

The current guideline value of Jegannatha Nagar 6th 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, marking an overall increase of 238% over the years.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 44,00,000, the total fees would be Rs 3,96,000.

Which Sub Registrar Office covers Jegannatha Nagar 6th Street?

The AnnaNagar Sub Registrar Office covers Jegannatha Nagar 6th Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

What other streets have the same guideline value in Koyakbedu?

Other streets in Koyakbedu, such as Jegannatha Nagar 2nd, 3rd, 5th, 7th, 8th, and 9th Streets, also have a guideline value of Rs 4,400 per sq.ft in 2024.