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Guideline Value

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Guideline Value for JANAKI NAGAR - S.Ganesan Street

₹4400/sq.ft.

The guideline value for Janaki Nagar - S.ganesan 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 - S.ganesan Street

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JANAKI NAGAR - S.Ganesan Street guideline value

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

How the guideline value of JANAKI NAGAR - S.Ganesan Street has changed

The guideline value for JANAKI NAGAR - S.Ganesan Street has seen significant changes over the years. Starting from Rs 429 per sq.ft in 2002, it rose to Rs 467 per sq.ft in 2003, marking a 9% increase. By 2007, the value surged to Rs 650 per sq.ft, reflecting a 39% increase from the previous revision. The value remained at Rs 650 per sq.ft until the next revision in 2012, where it jumped to Rs 4,000 per sq.ft, indicating a remarkable 515% increase.

In 2023, the guideline value was again Rs 4,000 per sq.ft, showing no change from 2012. However, in the latest revision for 2024, the value increased to Rs 4,400 per sq.ft, which is a 10% rise from the previous year. It is important to note that there is no figure available for this street in the 2017 revision.

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, making the current value of JANAKI NAGAR - S.Ganesan Street above this median.

Stamp duty and registration fee for property in JANAKI NAGAR - S.Ganesan 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, while the registration fee at 2% would be Rs 88,000, making the total cost for these fees Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers JANAKI NAGAR - S.Ganesan Street?

The Sub Registrar Office that covers JANAKI NAGAR - S.Ganesan 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 when buying or selling property in Valasaravakkam. It determines the minimum price at which a property can be registered, ensuring that the transaction is recorded accurately and transparently.

When a buyer approaches the registration office, the guideline value helps in calculating the applicable stamp duty and registration fees, which are mandatory for completing the property transaction. This ensures that both parties adhere to the legal requirements set by the state.

Frequently asked questions

What is the current guideline value for JANAKI NAGAR - S.Ganesan Street?

The current guideline value for JANAKI NAGAR - S.Ganesan 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 increased from Rs 429 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, showing an overall increase of 926% across the years.

What are the stamp duty and registration fees for this property?

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 Sub Registrar Office covers this area?

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

What is the land classification for this street?

The land classification for JANAKI NAGAR - S.Ganesan Street is Residential Class I Type - II.