Guideline Value for Janaki Raman Street

Janaki Raman Street guideline value

The current guideline value of Janaki Raman Street in Perungalathur village is Rs 2,310 per sq.ft, effective from 1 July 2024. This street falls under the Padappai SRO and is classified as Residential Class II Type - I.

How the guideline value of Janaki Raman Street has changed

The guideline value for Janaki Raman Street has seen several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 2,100 per sq.ft in 2012, marking a rise of 740%. However, in 2017, the value decreased to Rs 1,407 per sq.ft, reflecting a drop of 33%. The value then rose again to Rs 2,100 per sq.ft in 2023, and currently stands at Rs 2,310 per sq.ft as of the 2024 revision, which is a 10% increase from the previous year. The register has no figures for the years 2002 and 2003.

Overall, from 2007 to 2024, the guideline value has increased by 824%. The changes in the values highlight the fluctuations in the guideline value over the years, with the most recent figure aligning with the median value for the village.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median guideline value is Rs 2,310 per sq.ft, which is the same as the current value for Janaki Raman Street.

• Ishwarya Garden: Rs 3,960 per sq.ft (2024)
• Irai kutty Street: Rs 1,980 per sq.ft (2024)
• Jeeva Theru: Rs 2,310 per sq.ft (2024)
• Indra Nagar: Rs 1,320 per sq.ft (2024)
• Indra Gandhi Street: Rs 2,640 per sq.ft (2024)
• J.K Avenue: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Janaki Raman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,310 per sq.ft, the total guideline value would be Rs 23,10,000. The stamp duty at 7% would amount to Rs 1,61,700, and the registration fee at 2% would be Rs 46,200, making the total cost for these fees Rs 2,07,900. It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Janaki Raman Street?

The Sub Registrar Office that covers Janaki Raman Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Perungalathur. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is sold or bought, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Janaki Raman Street?

The current guideline value of Janaki Raman Street is Rs 2,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 2,310 per sq.ft in 2024, marking an overall increase of 824% over the years.

What are the other streets in Perungalathur with their guideline values?

Other streets in Perungalathur include Ishwarya Garden at Rs 3,960 per sq.ft, Irai kutty Street at Rs 1,980 per sq.ft, and Indra Nagar at Rs 1,320 per sq.ft among others.

How is stamp duty calculated for properties in Janaki Raman Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 23,10,000, the stamp duty would be Rs 1,61,700.

Where can I find the Sub Registrar Office for Janaki Raman Street?

The Sub Registrar Office for Janaki Raman Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.