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Guideline Value

Corporate

Guideline Value for JANAKI NAGAR 1st Cross Street

₹4400/sq.ft.

The guideline value for Janaki Nagar 1st Cross 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 ₹750 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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 1st Cross Street

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JANAKI NAGAR 1st Cross Street guideline value

The current guideline value of JANAKI NAGAR 1st Cross Street is Rs 4,400 per sq.ft. This street is located in Valasaravakkam village, under the Virugambakkam SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of JANAKI NAGAR 1st Cross Street has changed

The guideline value for JANAKI NAGAR 1st Cross Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 750 per sq.ft. This figure increased significantly to Rs 4,000 per sq.ft in the 2012 revision, marking a change of 433%. The guideline value remained at Rs 4,000 per sq.ft until the 2023 revision, which also did not change the value. The most recent revision in 2024 set the guideline value at Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 487%. It is important to note that there are no figures available for the years 2002, 2003, and 2017 in the register for this street.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO that carry a 2024 guideline value ranging from Rs 2,750 to Rs 8,800 per sq.ft. The median guideline value for the area is Rs 3,850 per sq.ft, making the current value of JANAKI NAGAR 1st Cross Street above this median.

Stamp duty and registration fee for property in JANAKI NAGAR 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and 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 1st Cross Street?

The Sub Registrar Office that covers JANAKI NAGAR 1st Cross 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 during the registration of property transactions in Valasaravakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately and in compliance with local regulations.

When buying or selling property, the guideline value helps determine the minimum value at which a property can be sold or purchased. This ensures that both parties are aware of the financial implications of the transaction, particularly concerning the fees involved.

Frequently asked questions

What is the current guideline value of JANAKI NAGAR 1st Cross Street?

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

How has the guideline value changed over the years?

Over the years, the guideline value has changed from Rs 750 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 487%.

What is the land classification for JANAKI NAGAR 1st Cross Street?

The land classification for JANAKI NAGAR 1st Cross Street is Residential Class I Type - II.

Which Sub Registrar Office is responsible for this street?

The Virugambakkam Sub Registrar Office is responsible for JANAKI NAGAR 1st Cross Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

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

The 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.