Guideline Value for JANAKI AVENUE (ABIRAMAPURAM)

Janaki Avenue (Abiramapuram) guideline value

The current guideline value of Janaki Avenue (Abiramapuram) is Rs 15,900 per sq.ft, effective from 1 July 2024. This street is located in Mylapore village, under the Mylapore SRO, and is classified as Residential Class I Type - II.

How the guideline value of Janaki Avenue (Abiramapuram) has changed

The guideline value for Janaki Avenue (Abiramapuram) has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 15,900 per sq.ft, which represents a 10% increase from the 2023 revision of Rs 14,500 per sq.ft. Prior to that, the guideline value remained unchanged at Rs 14,500 per sq.ft from the 2012 revision until 2023. There are no figures available for the revisions in 2017, 2007, 2003, and 2002 for this street.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. This indicates a steady valuation in the years leading up to the latest revision, particularly as the value remained constant from 2012 to 2023.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO with guideline values for 2024 ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Janaki Avenue (Abiramapuram) above this median at Rs 15,900 per sq.ft.

• Janaki Avenue (Mrc Nagar 40 Feet Road): Rs 17,600 per sq.ft (2024)
• Jawahar Husen 1st Street: Rs 3,300 per sq.ft (2024)
• Jawahar Husen 2nd Street: Rs 3,300 per sq.ft (2024)
• Jawahar Husen 3rd Street: Rs 3,300 per sq.ft (2024)
• Jawahar Husen 4th Street: Rs 3,300 per sq.ft (2024)
• Jawahar Husen 5th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Janaki Avenue (Abiramapuram)

For a 1,000 sq.ft plot at the current guideline value of Rs 15,900 per sq.ft, the total guideline value amounts to Rs 1,59,00,000. The stamp duty at 7% would be Rs 11,13,000, and the registration fee at 2% would be Rs 3,18,000, bringing the total cost for these fees to Rs 14,31,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Janaki Avenue (Abiramapuram)?

The Sub Registrar Office that covers Janaki Avenue (Abiramapuram) is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Mylapore. When a property is sold, the buyer must pay 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.

Additionally, the guideline value is regularly revised to reflect changes in the real estate landscape. Buyers and sellers should be aware of these values as they can significantly impact the overall cost of property transactions in the area.

Frequently asked questions

What is the current guideline value of Janaki Avenue (Abiramapuram)?

The current guideline value of Janaki Avenue (Abiramapuram) is Rs 15,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 14,500 per sq.ft in 2023 to Rs 15,900 per sq.ft in 2024, marking a 10% increase. There was no change in the value from 2012 to 2023, and the overall increase from 2012 to 2024 is 10%.

What is the land classification of Janaki Avenue (Abiramapuram)?

Janaki Avenue (Abiramapuram) is classified as Residential Class I Type - II under the Mylapore SRO.

What are the other streets in Mylapore with guideline values?

Other streets in Mylapore under the Mylapore SRO have varying guideline values. For example, Janaki Avenue (Mrc Nagar 40 Feet Road) has a guideline value of Rs 17,600 per sq.ft, while several streets like Jawahar Husen 1st to 5th Streets have a guideline value of Rs 3,300 per sq.ft.

Where can I find the Sub Registrar Office for Janaki Avenue (Abiramapuram)?

The Sub Registrar Office for Janaki Avenue (Abiramapuram) is located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.