Guideline Value for JANANI JAI BALAJI AVENUE

Janani Jai Balaji Avenue guideline value

The current guideline value of Janani Jai Balaji Avenue is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Chemmancheri village, under the Neelankarai SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Janani Jai Balaji Avenue has changed

The guideline value for Janani Jai Balaji Avenue has seen several revisions over the years. In 2012, the value was Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in 2017. This marked a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,500 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 set the value at Rs 1,700 per sq.ft, which is a 13% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 13% from 2012 to 2024.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median guideline value is Rs 1,700 per sq.ft, which is equal to the current value of Janani Jai Balaji Avenue.

• Janani Homes/ Janani's Cm Enclave: Rs 1,700 per sq.ft (2024)
• Janani's Raghav Enclave: Rs 1,700 per sq.ft (2024)
• Janani's Shrinilayalam: Rs 4,100 per sq.ft (2024)
• Jansen Srikrithi: Rs 3,300 per sq.ft (2024)
• Jappiar College: Rs 3,300 per sq.ft (2024)
• Jawahar Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Janani Jai Balaji Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees to Rs 1,53,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Janani Jai Balaji Avenue?

The Sub Registrar Office that covers Janani Jai Balaji Avenue is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Chemmancheri. It serves as the minimum value for calculating stamp duty and registration fees, ensuring that the government receives appropriate revenue from property sales.

When buying or selling property, the guideline value helps in determining the fair value of the property for registration purposes. Buyers should be aware of the current guideline value to ensure compliance with legal requirements and to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Janani Jai Balaji Avenue?

The current guideline value of Janani Jai Balaji Avenue is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then increased to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the land classification for Janani Jai Balaji Avenue?

Janani Jai Balaji Avenue is classified as Residential Class IV Type - I.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is stamp duty calculated for properties on Janani Jai Balaji Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 1,19,000 at 7% of the guideline value.