Guideline Value for Janagiammal Nagar Annex

Janagiammal Nagar Annex guideline value

The current guideline value of Janagiammal Nagar Annex is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Kattupakkam village and falls under the Kunrathur SRO. The land classification for this street is Residential Class I Type - II.

How the guideline value of Janagiammal Nagar Annex has changed

The guideline value for Janagiammal Nagar Annex has undergone several revisions over the years. Starting from the 2003 revision, the value was Rs 189 per sq.ft. It increased significantly to Rs 450 per sq.ft in 2007, marking a 138% rise. In 2012, the value rose to Rs 1,800 per sq.ft, reflecting a 300% increase from the previous revision. However, it saw a decrease of 33% to Rs 1,206 per sq.ft in 2017. The value then jumped to Rs 1,800 per sq.ft in 2023, followed by a further increase of 10% to the current rate of Rs 1,980 per sq.ft in 2024.

There is no figure available for the year 2002 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 948%.

Guideline values in Kattupakkam

Kattupakkam village has a range of guideline values for its streets, with the 2024 figures varying from Rs 1,980 to Rs 4,290 per sq.ft. The median value for the area is Rs 2,090 per sq.ft, placing Janagiammal Nagar Annex below this median.

• Janagiammal Nagar: Rs 1,980 per sq.ft (2024)
• Jayalakshmi Nagar: Rs 4,290 per sq.ft (2024)
• Indirani Nagar: Rs 2,090 per sq.ft (2024)
• Indira Nagar: Rs 3,520 per sq.ft (2024)
• Kanumbulli Chetty Street: Rs 2,090 per sq.ft (2024)
• Ganapathy Nagar: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Janagiammal Nagar Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, while the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Janagiammal Nagar Annex?

The Sub Registrar Office that covers Janagiammal Nagar Annex is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Kattupakkam. It is used to determine the stamp duty and registration fees applicable during the registration process. Buyers and sellers must be aware of the current guideline value to ensure accurate calculations of these fees.

When a property is sold, the guideline value serves as a reference point for the transaction. The stamp duty is calculated based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Janagiammal Nagar Annex?

The current guideline value of Janagiammal Nagar Annex is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several revisions, starting from Rs 189 per sq.ft in 2003 to the current value of Rs 1,980 per sq.ft in 2024, marking an overall increase of 948% from 2003 to 2024.

What are the stamp duty and registration fees for properties in Janagiammal Nagar Annex?

For a property valued at Rs 19,80,000, the stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200.

Which Sub Registrar Office covers Janagiammal Nagar Annex?

The Kunrathur Sub Registrar Office covers Janagiammal Nagar Annex, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for Janagiammal Nagar Annex?

The land classification for Janagiammal Nagar Annex is Residential Class I Type - II.