Guideline Value for JanRathinam Nagar

JanRathinam Nagar guideline value

The current guideline value of JanRathinam Nagar is Rs 600 per sq.ft, effective from 1 July 2024. This area is located in Karanaithangal village, under the Sunguvarchattram SRO, and is classified as Residential Special Type - I.

How the guideline value of JanRathinam Nagar has changed

In the 2012 revision, the guideline value was set at Rs 600 per sq.ft. This figure remained unchanged in the subsequent revisions of 2017 and 2023. However, the 2017 revision saw a significant increase from Rs 402 per sq.ft in 2017, marking a 49% rise. The 2023 revision maintained the value at Rs 600 per sq.ft, and there was no change in the 2024 revision as well.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has remained constant at Rs 600 per sq.ft.

Guideline values in Karanaithangal

In Karanaithangal, there are 17 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 471 to Rs 1,000 per sq.ft. The median value for these streets is Rs 500 per sq.ft, placing JanRathinam Nagar's 2024 figure above this median.

• Kalaivani Nagar: Rs 500 per sq.ft (2024)
• Kullakkarai Street: Rs 500 per sq.ft (2024)
• Compact Homs-Atana: Rs 1,000 per sq.ft (2024)
• Compact Homes-Vasanthaa: Rs 1,000 per sq.ft (2024)
• Compact Homes-Megha: Rs 1,000 per sq.ft (2024)
• Compact Homes-Madhulika: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in JanRathinam Nagar

For a 1,000 sq.ft plot at the current rate, the guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers JanRathinam Nagar?

The Sub Registrar Office that covers JanRathinam Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Karanaithangal. It is used to determine the stamp duty and registration fees that need to be paid, ensuring compliance with legal requirements.

When buying or selling property, the guideline value serves as a benchmark for the minimum price at which the property can be registered. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the actual sale price.

Frequently asked questions

What is the current guideline value of JanRathinam Nagar?

The current guideline value of JanRathinam Nagar is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various revisions, with the most recent being Rs 600 per sq.ft in both 2023 and 2024. The value increased from Rs 402 per sq.ft in 2017, marking a 49% rise.

What are the stamp duty and registration fees for property in JanRathinam Nagar?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 54,000, which includes Rs 42,000 for stamp duty and Rs 12,000 for registration fees.

Which Sub Registrar Office covers JanRathinam Nagar?

The Sunguvarchattram Sub Registrar Office covers JanRathinam Nagar, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It serves as a benchmark for the minimum price at which the property can be registered, ensuring compliance with legal requirements.