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Guideline Value

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Guideline Value for JANAKI NAGAR - Lamec Street

₹4400/sq.ft.

The guideline value for Janaki Nagar - Lamec 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 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹743 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹683 /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 - Lamec Street

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JANAKI NAGAR - Lamec Street guideline value

The current guideline value of JANAKI NAGAR - Lamec 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 - Lamec Street has changed

The guideline value for JANAKI NAGAR - Lamec Street has seen significant changes over the years. In the 2002 revision, the value was Rs 683 per sq.ft, which increased to Rs 743 per sq.ft in 2003, marking a 9% rise. The value then saw a slight increase of 1% to Rs 750 per sq.ft in 2007. The following revision in 2012 saw a substantial increase to Rs 4,000 per sq.ft, reflecting a 433% increase. However, the value dropped by 33% to Rs 2,680 per sq.ft in the 2017 revision.

In 2023, the guideline value rose to Rs 4,000 per sq.ft, and the most recent revision in 2024 has set it at Rs 4,400 per sq.ft, indicating a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 544%. There are no figures available for other revisions for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with 2024 guideline values 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, placing JANAKI NAGAR - Lamec Street's 2024 figure above that median.

Stamp duty and registration fee for property in JANAKI NAGAR - Lamec 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, bringing the total to Rs 3,96,000. Please 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 - Lamec Street?

The Sub Registrar Office that covers JANAKI NAGAR - Lamec 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 important factor when registering property in Valasaravakkam. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher amount will be used for calculating applicable fees.

When a property is sold, the guideline value ensures that the transaction is recorded accurately and transparently. It helps maintain a standard for property transactions in the area, providing a reference point for both buyers and sellers.

Frequently asked questions

What is the current guideline value of JANAKI NAGAR - Lamec Street?

The current guideline value of JANAKI NAGAR - Lamec 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 683 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, representing an overall increase of 544% over the years.

What are the stamp duty and registration fees for a property in JANAKI NAGAR - Lamec Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 44,00,000. The stamp duty at 7% is Rs 3,08,000, and the registration fee at 2% is Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers this street?

The Virugambakkam Sub Registrar Office covers JANAKI NAGAR - Lamec Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is the guideline value used in property transactions?

The guideline value is used to calculate stamp duty and registration fees during property transactions. It serves as a reference point to ensure that the transaction is recorded accurately and transparently.