Guideline Value for JANAKI NAGAR - A.V.Krishnaswamy Street

JANAKI NAGAR - A.V.Krishnaswamy Street guideline value

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

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

The guideline value for JANAKI NAGAR - A.V.Krishnaswamy Street has seen several revisions over the years. Starting from Rs 429 per sq.ft in 2002, it increased to Rs 467 per sq.ft in 2003, marking a 9% rise. The value then rose significantly to Rs 1,100 per sq.ft in 2007, which was a 136% increase. In 2012, the value was Rs 4,000 per sq.ft, reflecting a substantial increase of 264% from the previous revision. However, it dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%.

From 2017 to 2023, the guideline value increased to Rs 4,000 per sq.ft, representing a 49% rise. The most recent revision in 2024 has set the value at Rs 4,400 per sq.ft, which is a 10% increase from the previous year. The register has no figures for revisions in years other than those mentioned.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 3,850 per sq.ft, and JANAKI NAGAR - A.V.Krishnaswamy Street's 2024 figure is above that median.

• JANAKI NAGAR - A.V.Krishnan Street: Rs 4,400 per sq.ft (2024)
• JANAKI NAGAR - Chellammal Street (6th Street): Rs 4,400 per sq.ft (2024)
• JANAKI NAGAR - A.V.Krishnan 3rd Street: Rs 4,400 per sq.ft (2024)
• JANAKI NAGAR - Chellamman Street: Rs 4,400 per sq.ft (2024)
• JANAKI NAGAR - A.V.Krishnan 2nd Street: Rs 4,400 per sq.ft (2024)
• JANAKI NAGAR - Dhanalakshmi Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in JANAKI NAGAR - A.V.Krishnaswamy 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 amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000. Together, these fees would total 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 our stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers JANAKI NAGAR - A.V.Krishnaswamy 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 an essential factor when registering property transactions in Valasaravakkam. It serves as a benchmark for determining the minimum value at which properties must be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value helps both parties understand the fair valuation of the property. It is crucial for buyers to be aware of the guideline value to ensure that they are paying a price that aligns with the official valuations set by the government.

Frequently asked questions

What is the current guideline value of JANAKI NAGAR - A.V.Krishnaswamy Street?

The current guideline value of JANAKI NAGAR - A.V.Krishnaswamy Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 429 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, which is an overall increase of 926%.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where is the Sub Registrar Office for this area located?

The Virugambakkam Sub Registrar Office is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for JANAKI NAGAR - A.V.Krishnaswamy Street?

The land classification for JANAKI NAGAR - A.V.Krishnaswamy Street is Residential Class I Type - II.