Guideline Value

Corporate

Guideline Value for Janakpuri 1st Street

₹13200/sq.ft.

The guideline value for Janakpuri 1st Street in Velachery village (Velacheri SRO, Chennai zone) is Rs 13200 per sq.ft, effective 1 July 2024. It was Rs 12000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹13200 /sq.ft.
From 1-4-2023 ₹12000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹12000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[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 Janakpuri 1st Street

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Janakpuri 1st Street guideline value

The current guideline value of Janakpuri 1st Street is Rs 13,200 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Janakpuri 1st Street has changed

The guideline value for Janakpuri 1st Street has seen significant changes over the years. In 2007, the guideline value was Rs 1,800 per sq.ft, which increased dramatically to Rs 12,000 per sq.ft in 2012, marking a rise of 567%. This figure remained unchanged through the 2023 revision, which also recorded Rs 12,000 per sq.ft. However, in the 2024 revision, the guideline value rose to Rs 13,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 633%. It is important to note that the register has no figures for the years 2002, 2003, and 2017 for this street.

Guideline values in Velachery

In Velachery village, there are 2,691 streets under the Velacheri SRO with a 2024 guideline value range from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, placing Janakpuri 1st Street's 2024 figure significantly above this median.

Stamp duty and registration fee for property in Janakpuri 1st Street

For a 1,000 sq.ft plot at the current rate of Rs 13,200 per sq.ft, the guideline value totals Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, resulting in a total of Rs 11,88,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Janakpuri 1st Street?

The Sub Registrar Office that covers Janakpuri 1st Street is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Velachery. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is sold, the registration office uses the guideline value to calculate the applicable duties. Buyers must be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring that the government receives its due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Janakpuri 1st Street?

The current guideline value of Janakpuri 1st Street is Rs 13,200 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 1,800 per sq.ft in 2007 to Rs 13,200 per sq.ft in 2024, marking an overall increase of 633% over this period.

What are the stamp duty and registration fees for property in Janakpuri 1st Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,32,00,000. The stamp duty would be Rs 9,24,000, and the registration fee would be Rs 2,64,000, totaling Rs 11,88,000.

Which Sub Registrar Office covers Janakpuri 1st Street?

The Velacheri Sub Registrar Office covers Janakpuri 1st Street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the median guideline value for streets in Velachery?

The median guideline value for streets in Velachery is Rs 4,400 per sq.ft, with Janakpuri 1st Street's 2024 figure being significantly above this median at Rs 13,200 per sq.ft.