Guideline Value for JANAKIRATHINA NAGAR

Janakirathina Nagar guideline value

The current guideline value of Janakirathina Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Minjur village under the Ponneri SRO and is classified as Residential Special Type - I.

How the guideline value of Janakirathina Nagar has changed

The guideline value for Janakirathina Nagar has seen significant changes over the years. In the 2017 revision, the value was Rs 804 per sq.ft. This increased to Rs 1,200 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased the value to Rs 1,320 per sq.ft, which is a 10% increase from the previous year.

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

Guideline values in Minjur

In Minjur village, there are 179 streets under the Ponneri SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,320 per sq.ft, with a median value of Rs 550 per sq.ft. The guideline value of Janakirathina Nagar is above this median.

• Janakirathina Nagar Bazzar: Rs 1,320 per sq.ft (2024)
• Jawahar Nagar: Rs 1,320 per sq.ft (2024)
• Jahajeevan Ram Street: Rs 550 per sq.ft (2024)
• Jahajeevan Ram Cross Street: Rs 550 per sq.ft (2024)
• Jayaram Nagar: Rs 440 per sq.ft (2024)
• Jeevanandam Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Janakirathina Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value would be Rs 13,20,000. The stamp duty at 7% would amount to Rs 92,400, and the registration fee at 2% would be Rs 26,400, leading to a total of Rs 1,18,800. Please note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Janakirathina Nagar?

The Sub Registrar Office covering Janakirathina Nagar is the Ponneri Sub Registrar Office, located at 9/5, Taluk Office Road, Ponneri, Chennai-601204. You can find your SRO for more details.

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

The guideline value is a critical component in the registration process when buying or selling property in Minjur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized valuation of the property.

When a property is sold, the buyer and seller must refer to the guideline value to determine the applicable fees. This ensures transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Janakirathina Nagar?

The current guideline value of Janakirathina Nagar is Rs 1,320 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 804 per sq.ft in 2017 to Rs 1,320 per sq.ft in 2024, representing a total increase of 64% over these years.

What is the land classification for Janakirathina Nagar?

Janakirathina Nagar is classified as Residential Special Type - I under the Ponneri SRO.

Where is the Ponneri Sub Registrar Office located?

The Ponneri Sub Registrar Office is located at 9/5, Taluk Office Road, Ponneri, Chennai-601204.

How is stamp duty calculated for properties in Janakirathina Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 92,400.