Guideline Value for JANAKIPURAM

Janakipuram guideline value

The current guideline value of Janakipuram, located in Perumattu Nellore village under the Chengleput Joint II SRO, is Rs 700 per sq.ft, effective from 1 July 2024. This area is classified as Residential Special Type - II.

How the guideline value of Janakipuram has changed

Over the years, the guideline value of Janakipuram has seen several revisions. The 2012 revision set the value at Rs 700 per sq.ft, which remained unchanged in the 2023 and 2024 revisions. However, a significant increase occurred from 2017, when the value was Rs 469 per sq.ft, marking a 49% rise by 2023. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From the 2012 revision to 2017, the guideline value decreased by 33%. Overall, from 2012 to 2024, there has been no change, with the value consistently at Rs 700 per sq.ft since 2012, aside from the noted fluctuations in 2017.

Guideline values in Perumattu Nellore

In Perumattu Nellore, there are 83 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,850 per sq.ft. The median value is Rs 700 per sq.ft, which aligns with the 2024 figure for Janakipuram.

• Jbm Dakshin Nagar: Rs 800 per sq.ft (2024)
• Jbm Dakshin Nagar Phase I: Rs 800 per sq.ft (2024)
• Jbm Dakshin Nagar Phase II: Rs 800 per sq.ft (2024)
• Jbm Dakshin Nagar Phase III: Rs 800 per sq.ft (2024)
• Islath Nagar: Rs 500 per sq.ft (2024)
• Kanga Puram: Rs 500 per sq.ft (2024)

Stamp duty and registration fee for property in Janakipuram

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total to Rs 63,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Janakipuram?

The Sub Registrar Office that covers Janakipuram is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration of property transactions in Perumattu Nellore. It serves as the basis for calculating stamp duty and registration fees, ensuring that all transactions are conducted fairly and transparently.

When buying or selling property, the guideline value helps determine the minimum value at which a property can be registered. This ensures that properties are not undervalued during transactions, maintaining the integrity of the property market in the area.

Frequently asked questions

What is the current guideline value of Janakipuram?

The current guideline value of Janakipuram is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft since 2012, with a notable increase from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, and it remains unchanged in 2024.

What are the other streets in Perumattu Nellore?

Other streets in Perumattu Nellore include Jbm Dakshin Nagar, Jbm Dakshin Nagar Phase I, Jbm Dakshin Nagar Phase II, Jbm Dakshin Nagar Phase III, Islath Nagar, and Kanga Puram, with values ranging from Rs 500 to Rs 800 per sq.ft in 2024.

What is the stamp duty rate for property in Janakipuram?

The stamp duty rate for property in Janakipuram is 7% of the guideline value or sale price, whichever is higher.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office for Janakipuram at the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. For more details, you can visit the provided link.