Guideline Value for JANSIRANI STREET

Jansirani Street guideline value

The current guideline value of Jansirani Street in Jelandianpettai village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Jansirani Street has changed

In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This figure then decreased to Rs 1,340 per sq.ft in the 2017 revision, marking a drop of 33%. However, from 2017 to 2023, the guideline value increased significantly to Rs 2,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 saw the guideline value increase to Rs 2,200 per sq.ft, which is a 10% increase from the previous year.

The register has no figure for Jansirani Street for the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, which is equal to the current value of Jansirani Street.

• Jayachandran Nagar: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar 10th Street: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar 11th Street: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar 12th Street: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar 13rd Street: Rs 3,300 per sq.ft (2024)
• Jayachandran Nagar 1st Main Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Jansirani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total charges to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Jansirani Street?

The Sub Registrar Office that covers Jansirani Street is the Chennai South Joint I 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 assistance.

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

The guideline value plays a crucial role during property transactions in Jelandianpettai. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements during registration.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that all transactions are conducted fairly and transparently.

Frequently asked questions

What is the current guideline value of Jansirani Street?

The current guideline value of Jansirani Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the median guideline value in Jelandianpettai?

The median guideline value in Jelandianpettai is Rs 2,200 per sq.ft, which is the same as the current guideline value for Jansirani Street.

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

The stamp duty is 7% and the registration fee is 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot at the current rate, the total charges would be Rs 1,98,000.

Which office handles registrations for Jansirani Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Jansirani Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.