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Guideline Value

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Guideline Value for JANAKI NAGAR - Thai Moogambigai Street

₹4400/sq.ft.

The guideline value for Janaki Nagar - Thai Moogambigai 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 - Thai Moogambigai Street

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JANAKI NAGAR - Thai Moogambigai Street guideline value

The current guideline value for JANAKI NAGAR - Thai Moogambigai 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 - Thai Moogambigai Street has changed

The guideline value for JANAKI NAGAR - Thai Moogambigai Street has seen significant changes over the years. The earliest recorded revision was in 2002, with a guideline value of Rs 429 per sq.ft. This increased to Rs 467 per sq.ft in 2003, marking a 9% rise. The value further increased to Rs 650 per sq.ft in 2007, which was a substantial 39% increase. In 2012, the value remained at Rs 4,000 per sq.ft, and this figure was unchanged until the next revision in 2023, which also recorded Rs 4,000 per sq.ft.

The most recent revision in 2024 has raised the guideline value to Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 926%. It is important to note that there is no figure available for the 2017 revision for this street.

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 in this area is Rs 3,850 per sq.ft, positioning JANAKI NAGAR - Thai Moogambigai Street above this median at Rs 4,400 per sq.ft.

Stamp duty and registration fee for property in JANAKI NAGAR - Thai Moogambigai 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, and the registration fee at 2% would be Rs 88,000, resulting in a total of 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.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers JANAKI NAGAR - Thai Moogambigai Street?

The Sub Registrar Office that covers JANAKI NAGAR - Thai Moogambigai 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

When buying or selling property in Valasaravakkam, the guideline value plays a crucial role in determining the registration fees and stamp duty. The guideline value is the minimum value set by the government for property transactions and is used as a basis for calculating these fees during the registration process.

It is essential for buyers and sellers to be aware of the guideline value, as it can impact the overall cost of the transaction. Understanding the guideline value helps in ensuring compliance with legal requirements during property registration.

Frequently asked questions

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

The current guideline value of JANAKI NAGAR - Thai Moogambigai 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 from Rs 429 per sq.ft to Rs 4,400 per sq.ft in 2024, marking an overall increase of 926% over the years.

What is the land classification for this street?

JANAKI NAGAR - Thai Moogambigai Street is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for properties here?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total of Rs 3,96,000 in fees based on the current guideline value.

Which office handles registrations for this area?

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