Guideline Value for Jegannatha Nagar 9th Street

Jegannatha Nagar 9th Street guideline value

The current guideline value of Jegannatha Nagar 9th 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 9th Street has changed

The guideline value for Jegannatha Nagar 9th Street has seen several revisions over the years. In 2007, the guideline value was Rs 1,300 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 208%. However, it then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value increased again 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 10% rise from the previous year.

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

Guideline values in Koyakbedu

Koyakbedu 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 the same as the current guideline value for Jegannatha Nagar 9th Street.

• Jegannatha Nagar 8th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar Ist Main Road: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 7th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar Ist Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 6th Street: Rs 4,400 per sq.ft (2024)
• Jegannatha Nagar 5th Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Jegannatha Nagar 9th 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, totaling 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jegannatha Nagar 9th Street?

The Sub Registrar Office that covers Jegannatha Nagar 9th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By 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 is a crucial factor in the registration process when buying or selling property in Koyakbedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in the official registry. Buyers and sellers should be aware of the current guideline values to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Jegannatha Nagar 9th Street?

The current guideline value of Jegannatha Nagar 9th 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, showing an overall increase of 238% over the years.

What is the registration fee for property in Jegannatha Nagar 9th Street?

The registration fee is calculated at 2% of the guideline value. For a property valued at Rs 44,00,000, the registration fee would be Rs 88,000.

Where is the Sub Registrar Office for Jegannatha Nagar 9th Street?

The Sub Registrar Office for Jegannatha Nagar 9th Street is the AnnaNagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.

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

Other streets in Koyakbedu with a guideline value of Rs 4,400 per sq.ft include Jegannatha Nagar 8th Street, Jegannatha Nagar Ist Main Road, Jegannatha Nagar 7th Street, Jegannatha Nagar Ist Street, Jegannatha Nagar 6th Street, and Jegannatha Nagar 5th Street.