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Guideline Value

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Guideline Value for JANAKI NAGAR - M.G.Y.Babu Street

₹4400/sq.ft.

The guideline value for Janaki Nagar - M.g.y.babu 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 - M.g.y.babu Street

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JANAKI NAGAR - M.G.Y.Babu Street guideline value

The current guideline value of JANAKI NAGAR - M.G.Y.Babu Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Valasaravakkam village, under the jurisdiction of the Virugambakkam SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of JANAKI NAGAR - M.G.Y.Babu Street has changed

The guideline value for JANAKI NAGAR - M.G.Y.Babu Street has seen several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 429 per sq.ft. It increased to Rs 467 per sq.ft in 2003, then rose by 39% to Rs 650 per sq.ft in 2007. The subsequent revision in 2012 saw a significant increase of 515%, bringing the value to Rs 4,000 per sq.ft. However, this figure decreased by 33% to Rs 2,680 per sq.ft in 2017. The 2023 revision set the value at Rs 4,000 per sq.ft, which was then raised by 10% to the current value of Rs 4,400 per sq.ft in 2024.

Overall, from 2002 to 2024, the guideline value has increased by 926%. There are no figures available in the register for the years not mentioned in this summary.

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 value for these streets is Rs 3,850 per sq.ft, placing JANAKI NAGAR - M.G.Y.Babu Street above this median with its current value of Rs 4,400 per sq.ft.

Stamp duty and registration fee for property in JANAKI NAGAR - M.G.Y.Babu 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, charged at 7%, would be Rs 3,08,000, and the registration fee, charged at 2%, would be Rs 88,000. Together, these fees total Rs 3,96,000. 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 - M.G.Y.Babu Street?

The Sub Registrar Office that covers JANAKI NAGAR - M.G.Y.Babu Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property transaction occurs, the guideline value is assessed to calculate the necessary fees. This value is particularly important as it can influence the overall cost of the transaction, impacting the financial obligations of both parties involved.

Frequently asked questions

What is the current guideline value of JANAKI NAGAR - M.G.Y.Babu Street?

The current guideline value of JANAKI NAGAR - M.G.Y.Babu 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 experienced several changes, moving from Rs 429 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 926% over this period.

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

For a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for JANAKI NAGAR - M.G.Y.Babu Street?

The Virugambakkam Sub Registrar Office handles registrations for JANAKI NAGAR - M.G.Y.Babu Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the land classification for JANAKI NAGAR - M.G.Y.Babu Street?

The land classification for JANAKI NAGAR - M.G.Y.Babu Street is Residential Class I Type - II.