Guideline Value for Janagiammal Estate

Janagiammal Estate guideline value

The current guideline value of Janagiammal Estate in Satthankadu village, under the Thiruvottiyur SRO, is Rs 3,400 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - III.

How the guideline value of Janagiammal Estate has changed

The guideline value for Janagiammal Estate has seen several revisions over the years. Starting with the 2002 revision, the guideline value was Rs 264 per sq.ft. This increased to Rs 306 per sq.ft in 2003, marking a change of +16%. The value further rose to Rs 600 per sq.ft in 2007, a significant increase of +96%. In 2012, the value was revised to Rs 3,100 per sq.ft, which represented a substantial jump of +417%. However, this was followed by a decrease to Rs 2,077 per sq.ft in 2017, reflecting a drop of -33%. The 2023 revision saw the value increase to Rs 3,100 per sq.ft, and the latest revision in 2024 established the current value at Rs 3,400 per sq.ft, marking a change of +10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +1188%. It is important to note that the register has no figures for the years not mentioned in the revisions for this street.

Guideline values in Satthankadu

In Satthankadu, there are 71 streets under the Thiruvottiyur SRO, with guideline values for 2024 ranging from Rs 2,200 to Rs 5,500 per sq.ft. The median value for these streets is Rs 3,400 per sq.ft, which is equal to the guideline value of Janagiammal Estate.

• Jandravar Street: Rs 2,800 per sq.ft (2024)
• Jagannatha Gramani Thottam: Rs 3,400 per sq.ft (2024)
• Indira Gandhi Nagar: Rs 3,400 per sq.ft (2024)
• Iluppai Thopu: Rs 3,400 per sq.ft (2024)
• GirijaNagar: Rs 3,400 per sq.ft (2024)
• Ganthi Nagar Link Road: Rs 3,400 per sq.ft (2024)

Stamp duty and registration fee for property in Janagiammal Estate

For a 1,000 sq.ft plot at the current guideline value of Rs 3,400 per sq.ft, the total guideline value amounts to Rs 34,00,000. The stamp duty at 7% would be Rs 2,38,000, and the registration fee at 2% would be Rs 68,000, bringing the total to Rs 3,06,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Janagiammal Estate?

The Sub Registrar Office that covers Janagiammal Estate is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering a property transaction in Satthankadu. It serves as a benchmark for determining the minimum value of a property for registration purposes, ensuring that the transaction is recorded at a fair value in accordance with government regulations.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price, ensuring compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Janagiammal Estate?

The current guideline value of Janagiammal Estate is Rs 3,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 264 per sq.ft in 2002 to Rs 3,400 per sq.ft in 2024, reflecting an overall increase of +1188% over the years.

What are the stamp duty and registration fees for property in Janagiammal Estate?

For a property valued at Rs 34,00,000, the stamp duty would be Rs 2,38,000, and the registration fee would be Rs 68,000, totaling Rs 3,06,000.

Which Sub Registrar Office covers Janagiammal Estate?

The Thiruvottiyur Sub Registrar Office covers Janagiammal Estate, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification for Janagiammal Estate?

The land classification for Janagiammal Estate is Residential Special Type - III.