Guideline Value for JANANI'S SHRINILAYALAM

Janani's Shrinilayalam guideline value

The current guideline value of Janani's Shrinilayalam is Rs 4,100 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 II Type - II.

How the guideline value of Janani's Shrinilayalam has changed

The guideline value for Janani's Shrinilayalam has seen several revisions over the years. The 2017 revision set the value at Rs 2,500 per sq.ft, which increased to Rs 3,732 per sq.ft in the 2023 revision. The latest revision in 2024 raised the guideline value to Rs 4,100 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, placing Janani's Shrinilayalam above this median.

• Janani's Raghav Enclave: Rs 1,700 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 Shrinilayalam

For a 1,000 sq.ft plot at the current guideline value of Rs 4,100 per sq.ft, the total guideline value would be Rs 41,00,000. The stamp duty at 7% would amount to Rs 2,87,000, and the registration fee at 2% would be Rs 82,000, bringing the total fees to Rs 3,69,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Janani's Shrinilayalam?

The Sub Registrar Office that covers Janani's Shrinilayalam 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 serves as a benchmark for property transactions in Chemmancheri. When a property is bought or sold, the guideline value is referred to for calculating the stamp duty and registration fees, ensuring that the government receives appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the guideline value, as it can impact the overall cost of the transaction. The registration process relies heavily on these values to determine the legal standing of property ownership.

Frequently asked questions

What is the current guideline value for Janani's Shrinilayalam?

The current guideline value for Janani's Shrinilayalam is Rs 4,100 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 2,500 per sq.ft to Rs 4,100 per sq.ft in 2024, which is a total increase of 64% over this period.

What is the median guideline value for streets in Chemmancheri?

The median guideline value for streets in Chemmancheri is Rs 1,700 per sq.ft, with Janani's Shrinilayalam being above this median at Rs 4,100 per sq.ft.

What are the registration fees for property in Janani's Shrinilayalam?

The registration fees for property in Janani's Shrinilayalam include a stamp duty of 7% and a registration fee of 2% based on the guideline value, which can total significant amounts depending on the property's size.

Where can I find the Sub Registrar Office for Janani's Shrinilayalam?

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