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Guideline Value

Corporate

Guideline Value for Janaki Nagar 3rd Cross Street

₹2200/sq.ft.

The guideline value for Janaki Nagar 3rd Cross Street in Maduravoyal village (Virugambakkam SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class V Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Maduravoyal

Village

Virugambakkam

SRO

Residential Class V Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹300 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹189 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹172 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037
044-23641794
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Janaki Nagar 3rd Cross Street

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Janaki Nagar 3rd Cross Street guideline value

The current guideline value of Janaki Nagar 3rd Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Maduravoyal village and falls under the Virugambakkam SRO. The land classification for this area is Residential Class V Type - I.

How the guideline value of Janaki Nagar 3rd Cross Street has changed

The guideline value for Janaki Nagar 3rd Cross Street has seen several revisions over the years. Starting from Rs 172 per sq.ft in 2002, it increased to Rs 189 per sq.ft in 2003. Following this, the value experienced a significant rise to Rs 300 per sq.ft in 2007, and then it jumped dramatically to Rs 2,000 per sq.ft in 2012. However, the value decreased to Rs 1,340 per sq.ft in 2017. The next revision in 2023 brought the value up to Rs 2,000 per sq.ft, and the most recent revision in 2024 set it at Rs 2,200 per sq.ft.

Between the revisions, the changes were notable. From 2002 to 2003, the increase was +10%. The value saw a significant rise of +59% from 2003 to 2007. From 2007 to 2012, it surged by +567%. However, it dropped by -33% from 2012 to 2017. The value then increased by +49% from 2017 to 2023, and finally, there was a +10% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by +1179%.

Guideline values in Maduravoyal

In Maduravoyal, there are 636 streets under the Virugambakkam SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 6,050 per sq.ft, with a median value of Rs 3,050 per sq.ft. The guideline value for Janaki Nagar 3rd Cross Street is below this median.

Stamp duty and registration fee for property in Janaki Nagar 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. 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 Janaki Nagar 3rd Cross Street?

The Sub Registrar Office that covers Janaki Nagar 3rd Cross Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

When buying or selling property in Maduravoyal, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. This value is essential for ensuring that the correct fees are paid during the registration process.

It is crucial for buyers and sellers to be aware of the guideline value as it reflects the government's assessment of property values in the area. This assessment helps in standardizing the fees and ensuring transparency during property transactions.

Frequently asked questions

What is the current guideline value of Janaki Nagar 3rd Cross Street?

The current guideline value of Janaki Nagar 3rd Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 172 per sq.ft in 2002 to Rs 2,200 per sq.ft in 2024, with various increases and decreases across different revisions.

What is the land classification for Janaki Nagar 3rd Cross Street?

The land classification for Janaki Nagar 3rd Cross Street is Residential Class V Type - I.

What are the stamp duty and registration fees for property in Janaki Nagar 3rd Cross Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000. The stamp duty at 7% is Rs 1,54,000, and the registration fee at 2% is Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers Janaki Nagar 3rd Cross Street?

The Virugambakkam Sub Registrar Office covers Janaki Nagar 3rd Cross Street, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.