Guideline Value for Janaki Avenue

Janaki Avenue guideline value

The current guideline value of Janaki Avenue is Rs 800 per sq.ft. This street is located in Rathinamangalam village, under the Gooduvancheri SRO, and is classified as Residential Class I Type - I.

How the guideline value of Janaki Avenue has changed

Over the years, the guideline value of Janaki Avenue has seen several revisions. The 2012 revision set the value at Rs 800 per sq.ft, which remained unchanged in the 2023 revision. However, between the 2012 and 2017 revisions, the value decreased to Rs 536 per sq.ft, marking a decline of 33%. The most recent revision in 2023 saw an increase to Rs 800 per sq.ft, reflecting a rise of 49% from the 2017 figure.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street. Overall, from the 2012 revision to the 2023 revision, the guideline value has remained the same at Rs 800 per sq.ft.

Guideline values in Rathinamangalam

Currently, there are no specific village figures available for Rathinamangalam. Janaki Avenue is one of the streets under the Gooduvancheri SRO. Unfortunately, there are no other streets in Rathinamangalam listed with guideline values.

Stamp duty and registration fee for property in Janaki Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total to Rs 72,000. 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 Janaki Avenue?

The Sub Registrar Office that covers Janaki Avenue is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

To find your SRO, visit find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Rathinamangalam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers should be aware that the guideline value is used to calculate these costs, ensuring compliance with local regulations.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to assess the stamp duty. This ensures that the registration fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Janaki Avenue?

The current guideline value of Janaki Avenue is Rs 800 per sq.ft as per the 2023 revision.

How has the guideline value changed over the years?

From the 2012 revision to the 2017 revision, the guideline value decreased from Rs 800 to Rs 536 per sq.ft. However, it increased back to Rs 800 per sq.ft in the 2023 revision.

What is the land classification for Janaki Avenue?

Janaki Avenue is classified as Residential Class I Type - I, indicating its designation for residential use.

What are the stamp duty and registration fees for a property in Janaki Avenue?

For a property valued at Rs 8,00,000, the stamp duty would be Rs 56,000, and the registration fee would be Rs 16,000, totaling Rs 72,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Janaki Avenue located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, in the Chengalpattu registration zone.