Guideline Value for Janakiraman Street, Nehru Nagar

Janakiraman Street, Nehru Nagar guideline value

The current guideline value of Janakiraman Street, Nehru Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO, classified as Residential Class II Type - II.

How the guideline value of Janakiraman Street, Nehru Nagar has changed

The guideline value for Janakiraman Street has seen several revisions over the years. The earliest recorded figure is from the 2017 revision at Rs 1,206 per sq.ft, which increased to Rs 1,800 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 set the guideline value at Rs 1,980 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO, with guideline values ranging from Rs 880 to Rs 3,300 per sq.ft as of 2024. The median guideline value for these streets is Rs 2,090 per sq.ft, placing Janakiraman Street's 2024 figure below this median.

• Janaki Raman Street: Rs 1,980 per sq.ft (2024)
• James Street / Shivashankaran Nagar: Rs 2,475 per sq.ft (2024)
• James Street / Krishna Nagar: Rs 2,530 per sq.ft (2024)
• James Street / Gandhi Nagar: Rs 2,475 per sq.ft (2024)
• Jayamary Street / Nagalkeni: Rs 1,980 per sq.ft (2024)
• Jagajeevanram Street /Thiruvalluvar Nagar: Rs 2,475 per sq.ft (2024)

Stamp duty and registration fee for property in Janakiraman Street, Nehru Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, leading to a total of Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Janakiraman Street, Nehru Nagar?

The Sub Registrar Office that covers Janakiraman Street, Nehru Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Pammal. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold.

When registering a property, the guideline value is considered alongside the sale price to ensure that the appropriate fees are calculated. The higher of the two values will be used to determine the applicable stamp duty and registration fees.

Frequently asked questions

What is the current guideline value for Janakiraman Street?

The current guideline value for Janakiraman Street, Nehru Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has increased from Rs 1,206 per sq.ft in 2017 to Rs 1,980 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What is the median guideline value for streets in Pammal?

The median guideline value for streets in Pammal is Rs 2,090 per sq.ft as of 2024, which is above the current guideline value of Janakiraman Street.

What are the stamp duty and registration fees for properties in Janakiraman Street?

For a property valued at Rs 19,80,000, the stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200.

Where is the Sub Registrar Office for Janakiraman Street located?

The Sub Registrar Office for Janakiraman Street, Nehru Nagar is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.