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Guideline Value

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Guideline Value for JANAKI NAGAR - Mani Rajan Street

₹4400/sq.ft.

The guideline value for Janaki Nagar - Mani Rajan 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 - Mani Rajan Street

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JANAKI NAGAR - Mani Rajan Street guideline value

The current guideline value of JANAKI NAGAR - Mani Rajan 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 is classified as Residential Class I Type - II.

How the guideline value of JANAKI NAGAR - Mani Rajan Street has changed

The guideline value for JANAKI NAGAR - Mani Rajan Street has seen 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. The value then rose significantly to Rs 650 per sq.ft in 2007, followed by a dramatic increase to Rs 4,000 per sq.ft in 2012. However, it decreased to Rs 2,680 per sq.ft in 2017, and then increased to Rs 4,000 per sq.ft in 2023 before reaching the current value of Rs 4,400 per sq.ft in 2024.

Between the revisions, the most notable changes include a 515% increase from 2007 to 2012, and a 49% increase from 2017 to 2023. The guideline value increased by 10% from 2023 to 2024. The overall increase from 2002 to 2024 is 926%. The register has no figures for the years not mentioned.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median value is Rs 3,850 per sq.ft, making the guideline value of JANAKI NAGAR - Mani Rajan Street above this median.

Stamp duty and registration fee for property in JANAKI NAGAR - Mani Rajan Street

For a 1,000 sq.ft plot at the current rate, the guideline value is 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, totaling Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers JANAKI NAGAR - Mani Rajan Street?

The Sub Registrar Office covering JANAKI NAGAR - Mani Rajan 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 in Valasaravakkam. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees. It is crucial for both buyers and sellers to be aware of this value to understand the financial implications of their transactions.

Frequently asked questions

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

The current guideline value of JANAKI NAGAR - Mani Rajan 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, showing an overall increase of 926% over this period.

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 - Lamec Street, JANAKI NAGAR - M.G.Y.Babu Street, JANAKI NAGAR - K.Varadhan Street, JANAKI NAGAR - Nagarathinammal Street, JANAKI NAGAR - Jeevanandam Road, and JANAKI NAGAR - Nedumaran Street.

What is the stamp duty for property in JANAKI NAGAR - Mani Rajan Street?

The stamp duty for property in JANAKI NAGAR - Mani Rajan Street is 7% of the guideline value. For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 3,08,000.

Which office handles property registrations for JANAKI NAGAR - Mani Rajan Street?

The Virugambakkam Sub Registrar Office handles property registrations for JANAKI NAGAR - Mani Rajan Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.