Guideline Value for Janagiram Nagar

Janagiram Nagar guideline value

The current guideline value of Janagiram Nagar is Rs 1,600 per sq.ft, effective from 1 July 2024. This area is located in Puthagaram village and falls under the Ambattur SRO. The land classification for this street is Residential Class II Type - I.

How the guideline value of Janagiram Nagar has changed

The guideline value for Janagiram Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which was then followed by a decrease to Rs 1,005 per sq.ft in the 2017 revision. In 2023, the value increased to Rs 1,500 per sq.ft, and the most recent 2024 revision has raised it to Rs 1,600 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. The change from 2023 to 2024 represents a 7% increase. Overall, comparing the 2012 revision to the 2024 revision, there has been a modest increase of 7% in the guideline value.

Guideline values in Puthagaram

Puthagaram village has 140 streets under the Ambattur SRO with a 2024 guideline value range from Rs 1,200 to Rs 3,800 per sq.ft. The median value is Rs 1,900 per sq.ft, indicating that Janagiram Nagar's 2024 figure is below this median.

• Jagadees nagar: Rs 1,600 per sq.ft (2024)
• Jaya Nagar: Rs 1,600 per sq.ft (2024)
• Jayaram Nager: Rs 1,900 per sq.ft (2024)
• Indira Nagar Extention 1st Street: Rs 3,800 per sq.ft (2024)
• Indira Nagar extention: Rs 2,201 per sq.ft (2024)
• Indira Nagar: Rs 2,201 per sq.ft (2024)

Stamp duty and registration fee for property in Janagiram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total guideline value would be Rs 16,00,000. The stamp duty at 7% would amount to Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, making the total fees Rs 1,44,000. It is important to note that the 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 Janagiram Nagar?

The Sub Registrar Office that covers Janagiram Nagar is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Puthagaram. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the buyer must pay the stamp duty based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Janagiram Nagar?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the land classification for Janagiram Nagar?

Janagiram Nagar is classified as Residential Class II Type - I, indicating its designation for residential use.

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

For a property valued at Rs 16,00,000, the stamp duty would be Rs 1,12,000, and the registration fee would be Rs 32,000, totaling Rs 1,44,000.

Where is the Sub Registrar Office located for Janagiram Nagar?

The Ambattur Sub Registrar Office is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.