Guideline Value for JANSIRANI STREET

Jansirani Street guideline value

The current guideline value of Jansirani Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Arasankalani village under the Selaiyur SRO and falls under the Residential Class III Type - I land classification.

How the guideline value of Jansirani Street has changed

The guideline value for Jansirani Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision, marking a decrease of 33%. The 2023 revision increased the value to Rs 1,200 per sq.ft, and the latest revision in 2024 raised it further to Rs 1,300 per sq.ft, reflecting an 8% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%.

Guideline values in Arasankalani

In Arasankalani, there are 85 streets under the Selaiyur SRO with a 2024 guideline value ranging from Rs 1,300 to Rs 4,750 per sq.ft. The median guideline value in this area is Rs 2,100 per sq.ft, placing Jansirani Street's 2024 value below this median.

• Jeeva Avenue: Rs 4,100 per sq.ft (2024)
• Jeevanandam Street: Rs 1,300 per sq.ft (2024)
• Iswarya Garden: Rs 1,650 per sq.ft (2024)
• Kakkan Street: Rs 1,300 per sq.ft (2024)
• Kamarajar Street: Rs 2,100 per sq.ft (2024)
• Kamatchi Street: Rs 1,300 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 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000, bringing the total fees to Rs 1,17,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more detailed calculations, 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 Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Arasankalani, as it determines the minimum price at which a property can be registered. Buyers must consider this value when making offers, as it influences the stamp duty and registration fees payable during the transaction.

When selling property, the guideline value ensures that the transaction is recorded accurately and reflects the prevailing market conditions. It is essential for both buyers and sellers to be aware of the current guideline value to ensure a smooth registration process.

Frequently asked questions

What is the current guideline value of Jansirani Street?

The current guideline value of Jansirani Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the land classification for Jansirani Street?

Jansirani Street is classified as Residential Class III Type - I, indicating its suitability for residential development.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is the stamp duty calculated for property in Jansirani Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000, leading to a stamp duty of Rs 91,000.