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Guideline Value

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Guideline Value for JANAKI NAGAR - A.R.Street

₹4400/sq.ft.

The guideline value for Janaki Nagar - A.r.street in Valasaravakkam village (Virugambakkam 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

Valasaravakkam

Village

Virugambakkam

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 ₹650 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹467 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹429 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Janaki Nagar - A.r.street

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JANAKI NAGAR - A.R.Street guideline value

The current guideline value for JANAKI NAGAR - A.R.Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village under the Virugambakkam SRO, and it falls under the Residential Class I Type - II land classification.

How the guideline value of JANAKI NAGAR - A.R.Street has changed

Over the years, the guideline value of JANAKI NAGAR - A.R.Street has seen significant changes. In 2002, the guideline value was Rs 429 per sq.ft. This increased to Rs 467 per sq.ft in 2003, marking a 9% rise. The value continued to rise to Rs 650 per sq.ft in 2007, reflecting a 39% increase. Following this, the value surged to Rs 4,000 per sq.ft in 2012, which was a remarkable 515% increase. However, it then dropped to Rs 2,680 per sq.ft in 2017, indicating a decrease of 33%. The value further increased to Rs 4,000 per sq.ft in 2023, a 49% rise, and finally reached Rs 4,400 per sq.ft in 2024, marking a 10% increase.

The register has no figures for the years not listed, ensuring that the values mentioned reflect the official revisions accurately.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values for 2024 ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,850 per sq.ft, making the guideline value for JANAKI NAGAR - A.R.Street above the median.

Stamp duty and registration fee for property in JANAKI NAGAR - A.R.Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be 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, making the total cost for these fees 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.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers JANAKI NAGAR - A.R.Street?

The Sub Registrar Office that covers JANAKI NAGAR - A.R.Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value is crucial during the registration process of property transactions in Valasaravakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This ensures transparency and compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value for JANAKI NAGAR - A.R.Street?

The current guideline value for JANAKI NAGAR - A.R.Street 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 429 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, with various increases and a notable decrease in 2017.

What is the registration office for JANAKI NAGAR - A.R.Street?

The registration office for JANAKI NAGAR - A.R.Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.

What are the guideline values for other streets in Valasaravakkam?

Other streets in Valasaravakkam have guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft, with the median value being Rs 3,850 per sq.ft. JANAKI NAGAR - A.R.Street's value is above this median.