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Guideline Value

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Guideline Value for JANAKI NAGAR - Nedumaran Street

₹4400/sq.ft.

The guideline value for Janaki Nagar - Nedumaran 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 N/A
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 - Nedumaran Street

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JANAKI NAGAR - Nedumaran Street guideline value

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

The guideline value for JANAKI NAGAR - Nedumaran 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 change of +9%. By 2007, the value surged to Rs 650 per sq.ft, reflecting a significant increase of +39%. The 2012 revision maintained the value at Rs 4,000 per sq.ft, with no change observed until 2023. In 2023, the value remained at Rs 4,000 per sq.ft, but in 2024, it rose to Rs 4,400 per sq.ft, marking a +10% increase.

Notably, there is no guideline value recorded for this street in the 2017 revision. Overall, from 2002 to 2024, the guideline value has increased by +926%.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that have a 2024 guideline value 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 - Nedumaran Street above this median.

Stamp duty and registration fee for property in JANAKI NAGAR - Nedumaran 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, while the registration fee at 2% would be Rs 88,000. Therefore, the total cost for stamp duty and registration would be Rs 3,96,000. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers JANAKI NAGAR - Nedumaran Street?

The Sub Registrar Office that covers JANAKI NAGAR - Nedumaran 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 a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Valasaravakkam, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs reflect the official valuation of the property.

At the time of registration, buyers and sellers must consider the guideline value to avoid any discrepancies in the transaction process. It is essential to refer to the latest guideline value to ensure compliance with local regulations during property transactions.

Frequently asked questions

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

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

How has the guideline value changed over the years?

Since 2002, the guideline value has increased significantly, from Rs 429 per sq.ft to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of +926%.

What is the land classification for JANAKI NAGAR - Nedumaran Street?

JANAKI NAGAR - Nedumaran Street is classified as Residential Class I Type - II.

Where is the Virugambakkam Sub Registrar Office located?

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

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000.