Guideline Value for JANSEN SRIKRITHI

Jansen Srikrithi guideline value

The current guideline value of Jansen Srikrithi is Rs 3,300 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 I Type - II.

How the guideline value of Jansen Srikrithi has changed

The guideline value for Jansen Srikrithi has seen several revisions over the years. The 2017 revision set the value at Rs 2,010 per sq.ft, which increased to Rs 3,000 per sq.ft in the 2023 revision. The most recent revision in 2024 raised it further to Rs 3,300 per sq.ft, marking a 10% increase from the previous year. Notably, from 2017 to 2023, there was a significant increase of 49%, and overall, from 2017 to 2024, the increase stands at 64%.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. These revisions do not provide any guideline value per sq.ft for Jansen Srikrithi.

Guideline values in Chemmancheri

In Chemmancheri village, 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 value for these streets is Rs 1,700 per sq.ft, placing Jansen Srikrithi's 2024 figure above that median.

• Jappiar College: Rs 3,300 per sq.ft (2024)
• Janani's Shrinilayalam: Rs 4,100 per sq.ft (2024)
• 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)
• Jawahar Nagar: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Jansen Srikrithi

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jansen Srikrithi?

The Sub Registrar Office that covers Jansen Srikrithi 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 critical factor when registering property transactions in Chemmancheri. It serves as the basis for calculating stamp duty and registration fees, ensuring a standardized valuation for properties in the area.

When buyers or sellers engage in a property transaction, the guideline value helps determine the official value of the property for legal and taxation purposes. It is essential for both parties to understand this value to facilitate a smooth registration process.

Frequently asked questions

What is the current guideline value of Jansen Srikrithi?

The current guideline value of Jansen Srikrithi is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, marking an overall increase of 64%.

What are the stamp duty and registration fees for properties in Jansen Srikrithi?

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office handles registrations for Jansen Srikrithi?

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

What is the significance of the guideline value when buying property?

The guideline value is used to determine the official value of a property for registration and taxation purposes. It is essential for calculating the stamp duty and registration fees during a property transaction.