Guideline Value for JANAKI NAGAR

Janaki Nagar guideline value

The current guideline value of Janaki Nagar, located in Athipattu village under the Thiruvottiyur SRO, is Rs 330 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Janaki Nagar has changed

In the 2017 revision, the guideline value for Janaki Nagar was Rs 201 per sq.ft. This figure increased to Rs 300 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 330 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Athipattu

Athipattu village has 108 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 462 per sq.ft, with a median value of Rs 330 per sq.ft. The guideline value of Janaki Nagar is equal to this median.

• Janakiammal Nagar: Rs 330 per sq.ft (2024)
• Jai Nagar: Rs 330 per sq.ft (2024)
• Jai Maruthi Nagar /Avenu: Rs 330 per sq.ft (2024)
• Jaganjeevanram Nagar: Rs 330 per sq.ft (2024)
• Jaya Nagar: Rs 330 per sq.ft (2024)
• Indira Nagar: Rs 462 per sq.ft (2024)

Stamp duty and registration fee for property in Janaki Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value amounts to Rs 3,30,000. The stamp duty at 7% would be Rs 23,100, and the registration fee at 2% would be Rs 6,600, making the total cost for these fees Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Janaki Nagar?

The Sub Registrar Office that covers Janaki Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Athipattu. It serves as a benchmark for determining the stamp duty and registration fees payable, ensuring that the transaction is recorded accurately in the official register.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Janaki Nagar?

The current guideline value of Janaki Nagar is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 201 per sq.ft in 2017 to Rs 300 per sq.ft in 2023, and then to Rs 330 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the other streets in Athipattu with the same guideline value?

Other streets in Athipattu with the same guideline value of Rs 330 per sq.ft in 2024 include Janakiammal Nagar, Jai Nagar, Jai Maruthi Nagar /Avenu, Jaganjeevanram Nagar, and Jaya Nagar.

What fees are associated with buying property in Janaki Nagar?

When buying property in Janaki Nagar, buyers need to pay stamp duty at 7% of the guideline value and a registration fee at 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 29,700.

Where is the Sub Registrar Office for Janaki Nagar located?

The Sub Registrar Office covering Janaki Nagar is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. This office handles all registration processes for properties in the area.