Guideline Value for Janak Pushpa Shanthi Nagar

Janak Pushpa Shanthi Nagar guideline value

The current guideline value of Janak Pushpa Shanthi Nagar is Rs 3,500 per sq.ft, effective from 1 July 2024. This area is located in Nandhivaram village and falls under the Gooduvancheri SRO. The land classification for this street is Commercial Class I Type - I.

How the guideline value of Janak Pushpa Shanthi Nagar has changed

The guideline value for Janak Pushpa Shanthi Nagar has seen several revisions over the years. In the 2007 revision, the guideline value was Rs 601 per sq.ft, which increased significantly to Rs 3,500 per sq.ft in the 2012 revision. However, in the 2017 revision, it decreased to Rs 2,345 per sq.ft before rising again to Rs 3,500 per sq.ft in both the 2023 and 2024 revisions. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a notable increase of 49%. The guideline value remained unchanged from 2023 to 2024, reflecting a 0% change. Overall, from 2007 to 2024, the guideline value has increased by 482%, highlighting the significant growth in this area over the years.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO, with the 2024 guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 1,500 per sq.ft, placing Janak Pushpa Shanthi Nagar's 2024 figure above that median.

• Jakeer Hussain Street: Rs 1,200 per sq.ft (2024)
• Jayasundar Avenue: Rs 1,000 per sq.ft (2024)
• Iswarya Nagar Extn: Rs 2,000 per sq.ft (2024)
• Ishwarya Nagar: Rs 1,200 per sq.ft (2024)
• Jegadesh Nagar: Rs 1,000 per sq.ft (2024)
• Jesuraja Nagar: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Janak Pushpa Shanthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,500 per sq.ft, the total guideline value amounts to Rs 35,00,000. The stamp duty at 7% would be Rs 2,45,000, and the registration fee at 2% would be Rs 70,000, making the total cost for these charges Rs 3,15,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Janak Pushpa Shanthi Nagar?

The Sub Registrar Office that covers Janak Pushpa Shanthi Nagar is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Nandhivaram. It serves as a benchmark for determining the value of the property for taxation purposes, ensuring that the appropriate stamp duty and registration fees are applied based on the guideline value.

When a property is sold, the guideline value is used to assess the transaction's legitimacy and to calculate the necessary fees. Buyers and sellers should be aware of the current guideline value to ensure compliance with local regulations and to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Janak Pushpa Shanthi Nagar?

The current guideline value of Janak Pushpa Shanthi Nagar is Rs 3,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, with the most recent revisions being Rs 3,500 per sq.ft in both 2023 and 2024. Previously, it was Rs 2,345 per sq.ft in 2017, Rs 3,500 per sq.ft in 2012, and Rs 601 per sq.ft in 2007.

What is the land classification for Janak Pushpa Shanthi Nagar?

Janak Pushpa Shanthi Nagar is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

What is the stamp duty rate in Tamil Nadu?

The stamp duty rate in Tamil Nadu is 7%, which is applied to the guideline value or the sale price, whichever is higher.

Where can I find the Gooduvancheri Sub Registrar Office?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.