Guideline Value for Janasakthi Nagar

Janasakthi Nagar guideline value

The current guideline value of Janasakthi Nagar is Rs 802 per sq.ft, effective from 1 July 2024. This locality is part of 44.Ayanambakkam village under the Konnur SRO, classified as Residential Class V Type - II.

How the guideline value of Janasakthi Nagar has changed

The guideline value for Janasakthi Nagar has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 802 per sq.ft, which is the same as the 2023 revision. Prior to that, in 2017, the guideline value was significantly lower at Rs 335 per sq.ft, marking a 139% increase from 2017 to 2023 and an overall increase of 139% from 2017 to 2024.

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. Thus, the only revisions with figures are from 2017, 2023, and 2024.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 801 to Rs 9,702 per sq.ft, with a median value of Rs 1,300 per sq.ft. The guideline value for Janasakthi Nagar is below this median.

• Indira Street: Rs 880 per sq.ft (2024)
• Indira Nagar: Rs 880 per sq.ft (2024)
• Indira Gandhi Street: Rs 880 per sq.ft (2024)
• Hi-Tech Nagar: Rs 9,702 per sq.ft (2024)
• Kakkanji Cross Street: Rs 950 per sq.ft (2024)
• Kakkanji Street: Rs 950 per sq.ft (2024)

Stamp duty and registration fee for property in Janasakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 802 per sq.ft, the total guideline value would be Rs 8,02,000. The stamp duty at 7% would amount to Rs 56,140, and the registration fee at 2% would be Rs 16,040, bringing the total cost for these fees to Rs 72,180. It is essential to note that the 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 more precise calculations based on your property details.

Which Sub Registrar Office covers Janasakthi Nagar?

The Sub Registrar Office that covers Janasakthi Nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is a crucial factor during property transactions in 44.Ayanambakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices to ensure compliance with registration regulations.

When you register a property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Janasakthi Nagar?

The current guideline value of Janasakthi Nagar is Rs 802 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 335 per sq.ft to Rs 802 per sq.ft, which is a 139% increase overall.

What are the registration fees for property in Janasakthi Nagar?

The registration fees for property in Janasakthi Nagar include a stamp duty of 7% and a registration fee of 2% on the guideline value or sale price, whichever is higher.

Which Sub Registrar Office should I contact for Janasakthi Nagar?

The Konnur Sub Registrar Office covers Janasakthi Nagar, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How does the guideline value affect property transactions?

The guideline value affects property transactions by determining the minimum registration value and the calculation of stamp duty and registration fees. Buyers and sellers must consider this value to comply with legal requirements during the registration process.