Guideline Value for JANSI STREET

Jansi Street guideline value

The current guideline value of Jansi Street in Enjambakkam village, under the Neelankarai SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class V Type - I land classification.

How the guideline value of Jansi Street has changed

The guideline value for Jansi Street has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 112 per sq.ft. This increased significantly to Rs 500 per sq.ft in 2007, followed by a further rise to Rs 1,000 per sq.ft in 2012. However, there was a decrease to Rs 670 per sq.ft in 2017. The 2023 revision set the value at Rs 1,000 per sq.ft, and the most recent 2024 revision has increased it to Rs 1,100 per sq.ft.

Between the revisions, notable changes include a 346% increase from 2003 to 2007, a 100% rise from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 10% increase from 2023 to 2024. The register has no figure for Jansi Street in 2002.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO, with guideline values ranging from Rs 1,100 to Rs 7,200 per sq.ft as of 2024. The median guideline value in this village is Rs 2,200 per sq.ft, indicating that Jansi Street's 2024 figure is below this median.

• Jagajeevan Ram Avenue: Rs 5,000 per sq.ft (2024)
• Ibrahim Street: Rs 1,700 per sq.ft (2024)
• Hil Christ Form: Rs 2,200 per sq.ft (2024)
• Kakkan Street: Rs 2,200 per sq.ft (2024)
• Harichandran 3rd Cross Street: Rs 2,800 per sq.ft (2024)
• HARICHANDRA 3rd CROSS: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Jansi Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Jansi Street?

The Sub Registrar Office that covers Jansi Street 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 Enjambakkam

The guideline value is a crucial factor during the registration of property transactions in Enjambakkam. It serves as a benchmark for determining the stamp duty and registration fees that are applicable when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the necessary fees. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Jansi Street?

The current guideline value of Jansi Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 112 per sq.ft in 2003 to Rs 1,100 per sq.ft in 2024, with various increases and decreases in between.

What are the other streets in Enjambakkam and their guideline values?

Other streets in Enjambakkam include Jagajeevan Ram Avenue at Rs 5,000 per sq.ft, Ibrahim Street at Rs 1,700 per sq.ft, and several others, with values ranging up to Rs 7,200 per sq.ft.

What fees are associated with buying property on Jansi Street?

When buying property on Jansi Street, you will incur a stamp duty of 7% and a registration fee of 2% based on the higher of the guideline value or the sale price.

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

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