Guideline Value for JANAKIRAM STREET

Janakiram Street guideline value

The current guideline value of Janakiram Street in Puliyur village, under the Kodambakkam SRO, is Rs 7,100 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Janakiram Street has changed

The guideline value for Janakiram Street has seen several revisions over the years. In 2002, the guideline value was Rs 858 per sq.ft. This increased to Rs 942 per sq.ft in 2003, marking a 10% rise. The value continued to rise significantly, reaching Rs 1,815 per sq.ft in 2007, which was a 93% increase from the previous year. The 2012 revision saw a drop to Rs 6,500 per sq.ft, a decrease of 258% from 2007. However, this figure remained unchanged until the 2017 revision, which brought the value up to Rs 4,355 per sq.ft, reflecting a 49% increase. The most recent figures show a rise to Rs 6,500 per sq.ft in 2023 and then to Rs 7,100 per sq.ft in 2024, an increase of 9%.

There are no figures available for the revisions between 2012 and 2017 for Janakiram Street. Overall, from 2002 to 2024, the guideline value has increased by 728%.

Guideline values in Puliyur

In Puliyur, there are 648 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 14,300 per sq.ft as of 2024. The median guideline value in this area is Rs 5,800 per sq.ft, placing Janakiram Street's 2024 value above this median.

• Jawaharlal Nehru Salai (Inner Ring Road): Rs 14,300 per sq.ft (2024)
• Janaki Ammal Street: Rs 6,300 per sq.ft (2024)
• Jayabharatham Street: Rs 6,300 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 4,600 per sq.ft (2024)
• Jain Colony: Rs 5,300 per sq.ft (2024)
• Jayammal Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Janakiram Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value amounts to Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, totaling Rs 6,39,000. 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 details.

Which Sub Registrar Office covers Janakiram Street?

The Sub Registrar Office that covers Janakiram Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puliyur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must ensure that the sale price is equal to or greater than the guideline value to avoid any legal issues during registration. The guideline value also serves as a reference point for both buyers and sellers in the property market.

Frequently asked questions

What is the current guideline value of Janakiram Street?

The current guideline value of Janakiram Street is Rs 7,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 858 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, reflecting an overall increase of 728% over this period.

What are the stamp duty and registration fees for property in Janakiram Street?

For a 1,000 sq.ft property, the total guideline value is Rs 71,00,000. The stamp duty would be Rs 4,97,000, and the registration fee would be Rs 1,42,000, totaling Rs 6,39,000.

Which Sub Registrar Office covers Janakiram Street?

The Kodambakkam Sub Registrar Office covers Janakiram Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for Janakiram Street?

The land classification for Janakiram Street is Residential Special Type - II.