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Guideline Value for JANAKI NAGAR - S.N.Lakshmi Shree Street

₹4400/sq.ft.

The guideline value for Janaki Nagar - S.n.lakshmi Shree 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.n.lakshmi Shree Street

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JANAKI NAGAR - S.N.Lakshmi Shree Street guideline value

The current guideline value of JANAKI NAGAR - S.N.Lakshmi Shree 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 - S.N.Lakshmi Shree Street has changed

The guideline value for JANAKI NAGAR - S.N.Lakshmi Shree Street has undergone several revisions since 2002. The values have increased from Rs 429 per sq.ft in 2002 to Rs 467 per sq.ft in 2003, marking a 9% increase. The value rose significantly to Rs 650 per sq.ft in 2007, representing a 39% change. Following this, the value saw a remarkable jump to Rs 4,000 per sq.ft in 2012, which was a 515% increase. The value remained unchanged at Rs 4,000 per sq.ft until the 2023 revision, when it increased to Rs 4,400 per sq.ft, reflecting a 10% rise.

The register has no figure for this street in 2017. 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 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, placing JANAKI NAGAR - S.N.Lakshmi Shree Street above this median at Rs 4,400 per sq.ft.

Stamp duty and registration fee for property in JANAKI NAGAR - S.N.Lakshmi Shree Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the 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, 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 - S.N.Lakshmi Shree Street?

The Sub Registrar Office that covers JANAKI NAGAR - S.N.Lakshmi Shree 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 during the registration of property transactions in Valasaravakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded at a value that reflects the local market conditions.

When buying or selling property, the guideline value helps in establishing a fair price for the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

What is the current guideline value of JANAKI NAGAR - S.N.Lakshmi Shree Street?

The current guideline value of JANAKI NAGAR - S.N.Lakshmi Shree 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, marking an overall increase of 926% over the years.

What is the registration office for this street?

The registration office for JANAKI NAGAR - S.N.Lakshmi Shree Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

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

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Where can I find more information about the guideline values?

For more information about the guideline values, you can refer to the Registration Department's guideline value register (TNReginet) or visit the relevant SRO.