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Guideline Value

Corporate

Guideline Value for JANAKI NAGAR Anex

₹4400/sq.ft.

The guideline value for Janaki Nagar Anex in Valasaravakkam village (Virugambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. 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 N/A
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 ₹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 Anex

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JANAKI NAGAR Anex guideline value

The current guideline value for JANAKI NAGAR Anex is Rs 4,400 per sq.ft, effective from 1 July 2024. This area 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 Anex has changed

The guideline value for JANAKI NAGAR Anex has seen several revisions over the years. The earliest recorded figure is from 2002, where the value was Rs 429 per sq.ft. This increased to Rs 467 per sq.ft in 2003, marking a 9% rise. By 2007, the value escalated significantly to Rs 750 per sq.ft, reflecting a 61% increase. The value further surged to Rs 4,000 per sq.ft in 2012, a remarkable 433% increase from the previous revision. However, in 2017, the value dropped to Rs 2,680 per sq.ft, a decrease of 33%.

As of the 2024 revision, the guideline value stands at Rs 4,400 per sq.ft, representing a 64% increase from the 2017 figure. Overall, from 2002 to 2024, the guideline value has increased by 926%. It is important to note that the register has no figure for this street for the year 2023.

Guideline values in Valasaravakkam

In Valasaravakkam, there are 774 streets under the Virugambakkam SRO, with 2024 guideline values 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 the guideline value of JANAKI NAGAR Anex above this median.

Stamp duty and registration fee for property in JANAKI NAGAR Anex

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 and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers JANAKI NAGAR Anex?

The Sub Registrar Office that covers JANAKI NAGAR Anex is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Valasaravakkam

The guideline value is a critical factor during the registration process when buying or selling property in Valasaravakkam. It serves as a benchmark for determining the minimum value of the property, ensuring that the transaction is recorded accurately in the official register.

When registering a property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers and sellers must be aware of these values to ensure compliance with local regulations and to avoid any potential disputes during the transaction.

Frequently asked questions

What is the current guideline value of JANAKI NAGAR Anex?

The current guideline value of JANAKI NAGAR Anex 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 from Rs 429 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 926% over the years.

What is the land classification of JANAKI NAGAR Anex?

JANAKI NAGAR Anex is classified as Residential Class I Type - II.

Where can I find the Sub Registrar Office for JANAKI NAGAR Anex?

The Sub Registrar Office for JANAKI NAGAR Anex is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

How is stamp duty calculated for properties in JANAKI NAGAR Anex?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at 7%.