Guideline Value for JANARDHANAM STREET

Janardhanam Street guideline value

The current guideline value of Janardhanam Street is Rs 3,190 per sq.ft. This street is located in Perumalagaram village, under the Chennai South Joint II SRO, and is classified as Residential Class V Type - I.

How the guideline value of Janardhanam Street has changed

The guideline value for Janardhanam Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 3,190 per sq.ft, which represents a 10% increase from the 2023 revision of Rs 2,900 per sq.ft. Looking further back, the 2017 revision was Rs 1,943 per sq.ft, showing a significant increase of 49% to the 2023 figure. The 2012 revision also recorded a value of Rs 2,900 per sq.ft, which was a decrease of 33% from the 2017 figure. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The register has no figures for the revisions in 2002, 2003, and 2007. Therefore, the changes noted are only between the years where figures are available.

Guideline values in Perumalagaram

In Perumalagaram, there are 74 streets under the Chennai South Joint II SRO that carry a 2024 guideline value, ranging from Rs 825 to Rs 7,920 per sq.ft. The median value is Rs 3,190 per sq.ft, which is equal to the 2024 figure for Janardhanam Street.

• Jayachandran Street: Rs 3,190 per sq.ft (2024)
• Grand Vista: Rs 4,300 per sq.ft (2024)
• Gangaiamman Nagar /Koil Street: Rs 2,420 per sq.ft (2024)
• Ganga Enclave: Rs 2,420 per sq.ft (2024)
• Kavitha Street: Rs 3,190 per sq.ft (2024)
• Kothandaraman Street: Rs 3,190 per sq.ft (2024)

Stamp duty and registration fee for property in Janardhanam Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,190 per sq.ft, the total guideline value would be Rs 31,90,000. The stamp duty at 7% would amount to Rs 2,23,300, while the registration fee at 2% would be Rs 63,800. Together, the total cost would be Rs 2,87,100. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Janardhanam Street?

Janardhanam Street falls under the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perumalagaram. It serves as a benchmark for calculating the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Janardhanam Street?

The current guideline value of Janardhanam Street is Rs 3,190 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,900 per sq.ft in 2023 to Rs 3,190 per sq.ft in 2024, a 10% increase. It was Rs 1,943 per sq.ft in 2017, which increased by 49% to reach the 2023 figure.

What are the other streets in Perumalagaram with similar guideline values?

Other streets in Perumalagaram with a guideline value of Rs 3,190 per sq.ft include Jayachandran Street, Kavitha Street, and Kothandaraman Street. These streets reflect the same guideline value as Janardhanam Street for 2024.

What are the stamp duty and registration fees for properties in Janardhanam Street?

The stamp duty for a property valued at Rs 31,90,000 would be Rs 2,23,300, while the registration fee would be Rs 63,800, totaling Rs 2,87,100. These fees are calculated based on the guideline value.

Where can I find the Sub Registrar Office for Janardhanam Street?

The Sub Registrar Office for Janardhanam Street is the Chennai South Joint II Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.