Guideline Value for DR.JANANI NAGAR

Dr.Janani Nagar guideline value

The current guideline value of Dr.Janani Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village, under the Madhavaram SRO, and is classified as Residential Special Type - I.

How the guideline value of Dr.Janani Nagar has changed

The guideline value for Dr.Janani Nagar has seen significant changes over the years. The 2017 revision set the value at Rs 1,675 per sq.ft. This increased to Rs 2,500 per sq.ft in the 2023 revision, marking a 49% rise. With the latest revision in 2024, the guideline value has further increased to Rs 2,700 per sq.ft, reflecting an 8% change from the previous year. The overall increase from 2017 to 2024 is 61%.

It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft. The median value for the village is Rs 1,600 per sq.ft, placing Dr.Janani Nagar's 2024 figure above this median.

• Dr. Anna St (Ward-29): Rs 1,600 per sq.ft (2024)
• Dr.Ambedkar Nagar Kalkotai (Tannery) Shop (1st to 9th Street): Rs 1,600 per sq.ft (2024)
• Dr. Ramdoss Street, Lakshmipuram (Ward-26): Rs 1,600 per sq.ft (2024)
• Duraisamy Nagar: Rs 1,300 per sq.ft (2024)
• Duraisamy Nagar (Ward-29): Rs 1,300 per sq.ft (2024)
• Duraisamy Naicker St (Ward-10): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Dr.Janani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr.Janani Nagar?

The Sub Registrar Office that covers Dr.Janani Nagar is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Madhavaram. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with the legal requirements during the registration process.

When a property is sold, the registration office uses the guideline value to calculate applicable stamp duty and registration fees. This ensures that the transaction is recorded accurately and that the correct taxes are paid to the government.

Frequently asked questions

What is the current guideline value of Dr.Janani Nagar?

The current guideline value of Dr.Janani Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,675 per sq.ft in 2017 to Rs 2,700 per sq.ft in 2024, reflecting a total increase of 61% over this period.

What is the land classification of Dr.Janani Nagar?

Dr.Janani Nagar is classified as Residential Special Type - I under the land classification system.

What are the stamp duty and registration fees for properties in Dr.Janani Nagar?

For a 1,000 sq.ft property, the total guideline value is Rs 27,00,000, leading to a stamp duty of Rs 1,89,000 and a registration fee of Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office covers Dr.Janani Nagar?

The Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, covers Dr.Janani Nagar.