Guideline Value for JANAKPURI

Janakpuri guideline value

The current guideline value of Janakpuri is Rs 1,500 per sq.ft, as per the 2023 revision. This area falls under Kolapakkam village and is governed by the Gooduvancheri SRO. The land classification for this locality is Residential Special Type - II.

How the guideline value of Janakpuri has changed

The guideline value of Janakpuri has seen several revisions over the years. In the 2007 revision, the guideline value was set at Rs 230 per sq.ft. This increased significantly to Rs 1,500 per sq.ft in the 2012 revision, marking a substantial rise of 552%. However, in the 2017 revision, the value decreased to Rs 1,005 per sq.ft, reflecting a drop of 33%. The most recent 2023 revision saw the guideline value return to Rs 1,500 per sq.ft, showing an increase of 49% from the previous revision.

Overall, from the 2007 revision to the 2023 revision, the guideline value has increased by 552%. It is important to note that the register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Kolapakkam

While specific village figures are not provided, Janakpuri is one of the streets in Kolapakkam under the Gooduvancheri SRO. Currently, there are no other streets in Kolapakkam listed with guideline values.

Stamp duty and registration fee for property in Janakpuri

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Janakpuri?

The Sub Registrar Office that covers Janakpuri is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, 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 Kolapakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Kolapakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

When engaging in a property transaction, understanding the guideline value is essential for both buyers and sellers. It ensures that all parties are aware of the financial obligations associated with the registration process, including the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Janakpuri?

The current guideline value of Janakpuri is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 230 per sq.ft to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and returned to Rs 1,500 per sq.ft in 2023.

What is the stamp duty for property in Janakpuri?

The stamp duty for property in Janakpuri is 7% of the guideline value or sale price, whichever is higher. For example, on a 1,000 sq.ft plot, the stamp duty would be Rs 1,05,000.

Where can I find the Gooduvancheri SRO?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It acts as a reference point for determining the financial obligations of buyers and sellers in the registration process.