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Guideline Value

Corporate

Guideline Value for Jegannatha Nagar Ist Main Road

₹4400/sq.ft.

The guideline value for Jegannatha Nagar Ist Main Road in Koyakbedu village (Annanagar SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Koyakbedu

Village

AnnaNagar

SRO

Residential Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 ( Near By Nolambur Eb Office )
044-29561062
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Jegannatha Nagar Ist Main Road

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Jegannatha Nagar Ist Main Road guideline value

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

How the guideline value of Jegannatha Nagar Ist Main Road has changed

Over the years, the guideline value for Jegannatha Nagar Ist Main Road has seen significant changes. The 2007 revision recorded a value of Rs 1,500 per sq.ft, which increased to Rs 4,000 per sq.ft in the 2012 revision, marking a 167% increase. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a decline of 33%. The value then rose to Rs 4,000 per sq.ft in the 2023 revision, reflecting a 49% increase. The most recent 2024 revision has set the value at Rs 4,400 per sq.ft, which is 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 193%.

Guideline values in Koyakbedu

In Koyakbedu, there are a total of 270 streets under the AnnaNagar SRO with a 2024 guideline value 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 guideline value of Jegannatha Nagar Ist Main Road.

Stamp duty and registration fee for property in Jegannatha Nagar Ist Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total 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 or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jegannatha Nagar Ist Main Road?

The Sub Registrar Office that covers Jegannatha Nagar Ist Main Road 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 details.

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

When buying or selling property in Koyakbedu, the guideline value is a crucial factor as it determines the stamp duty and registration fees applicable during the transaction. The guideline value serves as a benchmark for property transactions, ensuring that the fees are calculated based on the official rates set by the government.

During registration, the buyer must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions within the region.

Frequently asked questions

What is the current guideline value of Jegannatha Nagar Ist Main Road?

The current guideline value of Jegannatha Nagar Ist Main Road 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, from Rs 1,500 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 193% over the years.

What is the land classification of Jegannatha Nagar Ist Main Road?

Jegannatha Nagar Ist Main Road is classified as Residential Class I Type - II, indicating its suitability for residential development.

What is the stamp duty rate for property in Jegannatha Nagar?

The stamp duty rate for property transactions in Jegannatha Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Jegannatha Nagar?

The Sub Registrar Office for Jegannatha Nagar is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037. You can find more information about your SRO through the provided link.