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Guideline Value

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Guideline Value for JANAKI NAGAR - K.Varadhan Street

₹4400/sq.ft.

The guideline value for Janaki Nagar - K.varadhan 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 - K.varadhan Street

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JANAKI NAGAR - K.Varadhan Street guideline value

The current guideline value for JANAKI NAGAR - K.Varadhan Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village under the Virugambakkam SRO, classified as Residential Class I Type - II.

How the guideline value of JANAKI NAGAR - K.Varadhan Street has changed

The guideline value for JANAKI NAGAR - K.Varadhan Street has undergone several revisions over the years. In 2002, the value was Rs 429 per sq.ft, which increased to Rs 467 per sq.ft in 2003, marking a 9% rise. The value then saw a significant increase to Rs 650 per sq.ft in 2007, reflecting a 39% change. The following revision in 2012 brought the value back to Rs 4,000 per sq.ft, a decrease of 515% from the previous figure. The guideline value then changed to Rs 2,680 per sq.ft in 2017, which was a 33% drop from 2012. The most recent revisions show an increase to Rs 4,000 per sq.ft in 2023, followed by a rise to Rs 4,400 per sq.ft in 2024, which is a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 926%. The register has no figure for the years not mentioned in the revisions.

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 is Rs 3,850 per sq.ft, indicating that the 2024 figure for JANAKI NAGAR - K.Varadhan Street is above this median.

Stamp duty and registration fee for property in JANAKI NAGAR - K.Varadhan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to 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 together Rs 3,96,000. Please note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers JANAKI NAGAR - K.Varadhan Street?

The Sub Registrar Office that covers JANAKI NAGAR - K.Varadhan 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 details.

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

The guideline value is an essential factor when registering a property in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with the local regulations.

When a property is sold, the guideline value is used to calculate the applicable fees, which are based on the higher of the guideline value or the actual sale price. This ensures that the registration process is transparent and aligns with the established values in the area.

Frequently asked questions

What is the current guideline value for JANAKI NAGAR - K.Varadhan Street?

The current guideline value for JANAKI NAGAR - K.Varadhan 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 from Rs 429 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 926% over the years.

What are the other streets in Valasaravakkam with the same guideline value?

Other streets in Valasaravakkam with the same guideline value of Rs 4,400 per sq.ft include JANAKI NAGAR - Jeevanandam Road, JANAKI NAGAR - Lamec Street, JANAKI NAGAR - Janaki Street, JANAKI NAGAR - Mani Rajan Street, JANAKI NAGAR - Janaki Radha Street, and JANAKI NAGAR - M.G.Y.Babu Street.

What is the registration fee for property in JANAKI NAGAR - K.Varadhan Street?

The registration fee for property in JANAKI NAGAR - K.Varadhan Street is calculated at 2% of the guideline value. For a property valued at Rs 44,00,000, the registration fee would be Rs 88,000.

Where can I find the Sub Registrar Office for JANAKI NAGAR - K.Varadhan Street?

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