Guideline Value for JANAGIRAMAN GARDEN

Janagiraman Garden guideline value

The current guideline value of Janagiraman Garden is Rs 3,800 per sq.ft, effective from 1 July 2024. This area is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class II Type - II.

How the guideline value of Janagiraman Garden has changed

The guideline value for Janagiraman Garden has undergone several revisions over the years. Starting from the 2003 revision, the value was Rs 704 per sq.ft. This increased significantly to Rs 800 per sq.ft in 2007, marking a change of +14%. The next revision in 2012 saw the guideline value rise dramatically to Rs 3,500 per sq.ft, an increase of +338%. However, from 2012 to 2023, the value remained unchanged at Rs 3,500 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 3,800 per sq.ft, reflecting a +9% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by +440%. It is important to note that there are no figures available for the revisions in 2002 and 2017 for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, positioning Janagiraman Garden's 2024 figure above this median.

• Jamal Nagar: Rs 5,400 per sq.ft (2024)
• Jamalia Nagar Main Road & Cross Street: Rs 6,400 per sq.ft (2024)
• Jamalia Nagar: Rs 6,400 per sq.ft (2024)
• Jamalia Link Road: Rs 6,400 per sq.ft (2024)
• Jawahar Street: Rs 2,700 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Janagiraman Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 3,800 per sq.ft, the total guideline value amounts to Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total fees to Rs 3,42,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Janagiraman Garden?

The Sub Registrar Office that covers Janagiraman Garden is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

When buying or selling property in Perambur, the guideline value plays a crucial role in determining the stamp duty and registration fees. The buyer must pay these fees based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is officially recorded and taxed appropriately.

The guideline value also serves as a benchmark for property transactions in the area, helping both buyers and sellers understand the fair value of properties. It is essential for ensuring transparency and compliance with local regulations during property transfers.

Frequently asked questions

What is the current guideline value of Janagiraman Garden?

The current guideline value of Janagiraman Garden is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 704 per sq.ft in 2003 to Rs 3,800 per sq.ft in 2024, showing an overall increase of +440% over this period.

What are the stamp duty and registration fees for property in Janagiraman Garden?

For a 1,000 sq.ft plot, the total guideline value is Rs 38,00,000. The stamp duty at 7% would be Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, totaling Rs 3,42,000.

Which Sub Registrar Office is responsible for Janagiraman Garden?

The Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, is responsible for Janagiraman Garden.

What is the land classification of Janagiraman Garden?

Janagiraman Garden is classified as Residential Class II Type - II, indicating its use for residential purposes within the area.