Guideline Value for C.R.JANAKI RAMAN STREET

C.R.Janaki Raman Street guideline value

The current guideline value of C.R.Janaki Raman Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of C.R.Janaki Raman Street has changed

In the 2024 revision, the guideline value for C.R.Janaki Raman Street was set at Rs 2,200 per sq.ft. The register has no figures for this street in the years 2023, 2017, 2012, 2007, 2003, and 2002, indicating that there were no recorded changes in the guideline value for those years.

Since the 2024 revision is the only available figure for C.R.Janaki Raman Street, there have been no changes between the revisions above. This means that the guideline value has remained consistent with the current figure.

Guideline values in Sholinganallur - 1

In the village of Sholinganallur - 1, there are a total of 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is equal to the 2024 figure for C.R.Janaki Raman Street.

• Copper Beach Road: Rs 4,400 per sq.ft (2024)
• Classic Retreat: Rs 3,300 per sq.ft (2024)
• Classic Farms: Rs 4,400 per sq.ft (2024)
• Desco Heaven: Rs 2,200 per sq.ft (2024)
• Devaraj Avenue: Rs 5,000 per sq.ft (2024)
• Devaraj Nagar 1st Cross Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in C.R.Janaki Raman Street

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees together to Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers C.R.Janaki Raman Street?

The Sub Registrar Office that covers C.R.Janaki Raman Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a critical factor when registering property transactions in Sholinganallur - 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, both the buyer and seller should be aware of the guideline value, as it influences the overall costs involved in the transaction. This value helps in ensuring transparency and fairness in property dealings.

Frequently asked questions

What is the current guideline value of C.R.Janaki Raman Street?

The current guideline value of C.R.Janaki Raman Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

What land classification does C.R.Janaki Raman Street fall under?

C.R.Janaki Raman Street is classified as Residential Class II Type - III, indicating its intended use for residential purposes.

How has the guideline value changed over the years?

The guideline value for C.R.Janaki Raman Street has only been recorded in the 2024 revision at Rs 2,200 per sq.ft. The register has no figures for the years 2023, 2017, 2012, 2007, 2003, and 2002.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for C.R.Janaki Raman Street?

The Sub Registrar Office for C.R.Janaki Raman Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.