Guideline Value for Janagiammal Nagar

Janagiammal Nagar guideline value

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

How the guideline value of Janagiammal Nagar has changed

The guideline value for Janagiammal Nagar has seen several revisions over the years. In 2003, the value was Rs 189 per sq.ft, which increased significantly to Rs 450 per sq.ft in 2007. The value then rose dramatically to Rs 1,800 per sq.ft in 2012, before dropping to Rs 1,206 per sq.ft in 2017. Following this, the value increased to Rs 1,800 per sq.ft in 2023 and reached the current figure of Rs 1,980 per sq.ft in 2024.

Examining the changes between these revisions, from 2003 to 2007, the value increased by 138%. However, from 2012 to 2017, there was a decrease of 33%. The value surged by 300% from 2007 to 2012, and from 2017 to 2023, it increased by 49%. The overall change from 2003 to 2024 is a remarkable increase of 948%. The register has no figure for this street for the year 2002.

Guideline values in Kattupakkam

Kattupakkam village has 75 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,980 to Rs 4,290 per sq.ft. The median value for these streets is Rs 2,090 per sq.ft, placing Janagiammal Nagar's 2024 figure below that median.

• Janagiammal Nagar Annex: 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

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, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. Duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Janagiammal Nagar?

The Janagiammal Nagar area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Kattupakkam, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the official valuation of the property.

It is essential for buyers and sellers to be familiar with the guideline value, as it affects the overall costs involved in property transactions. This value is established by the Registration Department and is updated periodically to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value of Janagiammal Nagar?

The current guideline value of Janagiammal Nagar 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 changed significantly, increasing from Rs 189 per sq.ft in 2003 to Rs 1,980 per sq.ft in 2024, representing an overall increase of 948% from 2003 to 2024.

What is the stamp duty rate for properties in Janagiammal Nagar?

The stamp duty rate for properties in Janagiammal Nagar is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Janagiammal Nagar?

The Sub Registrar Office covering Janagiammal Nagar is the Kunrathur SRO, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the median guideline value for streets in Kattupakkam?

The median guideline value for streets in Kattupakkam is Rs 2,090 per sq.ft, with Janagiammal Nagar's current value being below this median.