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Guideline Value

Corporate

Guideline Value for JANAKI NAGAR 3rd Street

₹4400/sq.ft.

The guideline value for Janaki Nagar 3rd 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 ₹2680 /sq.ft.
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 ₹743 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹683 /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 3rd Street

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JANAKI NAGAR 3rd Street guideline value

The current guideline value of JANAKI NAGAR 3rd 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 3rd Street has changed

The guideline value for JANAKI NAGAR 3rd Street has undergone several revisions over the years. In 2002, the value was Rs 683 per sq.ft, which increased to Rs 743 per sq.ft in 2003. The following revision in 2007 saw a significant jump to Rs 750 per sq.ft. After this, in 2012, the value remained at Rs 4,000 per sq.ft, but it decreased to Rs 2,680 per sq.ft in 2017. The 2023 revision marked an increase to Rs 4,000 per sq.ft, and the most recent revision in 2024 has raised it to Rs 4,400 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%. The revision from 2023 to 2024 shows a 10% increase. The changes from 2012 to 2017 reflect a decrease of 33%, while the jump from 2007 to 2012 was a substantial 433%. Overall, from 2002 to 2024, the guideline value has increased by 544%.

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 value for these streets is Rs 3,850 per sq.ft, placing JANAKI NAGAR 3rd Street above this median.

Stamp duty and registration fee for property in JANAKI NAGAR 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, 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, bringing the total to 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 our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers JANAKI NAGAR 3rd Street?

The Sub Registrar Office that covers JANAKI NAGAR 3rd 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 property transactions in Valasaravakkam. It serves as a benchmark for determining the minimum value at which property can be registered, ensuring that the transaction reflects a fair value for taxation purposes.

When buying or selling property, the guideline value impacts the stamp duty and registration fees, which are calculated based on this value. Buyers should be aware that these fees can significantly affect the overall cost of the property transaction.

Frequently asked questions

What is the current guideline value of JANAKI NAGAR 3rd Street?

The current guideline value of JANAKI NAGAR 3rd 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 changed significantly, with the most recent increase from Rs 4,000 per sq.ft in 2023 to Rs 4,400 per sq.ft in 2024.

What is the land classification for JANAKI NAGAR 3rd Street?

JANAKI NAGAR 3rd Street is classified as Residential Class I Type - II.

Which Sub Registrar Office covers this street?

The Virugambakkam Sub Registrar Office covers JANAKI NAGAR 3rd Street, 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, along with a registration fee of 2% of the guideline value.