Guideline Value for JANANI'S RAGHAV ENCLAVE

Janani's Raghav Enclave guideline value

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

How the guideline value of Janani's Raghav Enclave has changed

Over the years, the guideline value of Janani's Raghav Enclave has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which was later reduced to Rs 1,005 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 1,500 per sq.ft, and the most recent 2024 revision has raised it to Rs 1,700 per sq.ft.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value increased by 49%. The change from 2023 to 2024 represents a 13% increase. Overall, from 2012 to 2024, the guideline value has increased by 13%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median value is Rs 1,700 per sq.ft, which is equal to the 2024 figure for Janani's Raghav Enclave.

• Janani's Shrinilayalam: Rs 4,100 per sq.ft (2024)
• Janani Jai Balaji Avenue: Rs 1,700 per sq.ft (2024)
• Janani Homes/ Janani's Cm Enclave: Rs 1,700 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's Raghav Enclave

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 to Rs 1,53,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Janani's Raghav Enclave?

The Sub Registrar Office that covers Janani's Raghav Enclave 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 details.

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 a benchmark for determining the minimum value at which a property can be registered, ensuring that the appropriate stamp duty and registration fees are calculated based on this value.

When buying or selling property, the guideline value helps in establishing a fair transaction price, as it reflects the official value set by the government for specific areas. Buyers and sellers must be aware of these values to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Janani's Raghav Enclave?

The current guideline value of Janani's Raghav Enclave 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 to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,700 per sq.ft in 2024.

What is the stamp duty for property in Janani's Raghav Enclave?

The stamp duty for property in Janani's Raghav Enclave is 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 1,19,000.

Which Sub Registrar Office covers Janani's Raghav Enclave?

The Neelankarai Sub Registrar Office covers Janani's Raghav Enclave, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

What is the median guideline value in Chemmancheri?

The median guideline value in Chemmancheri is Rs 1,700 per sq.ft, which is the same as the current value for Janani's Raghav Enclave.