Guideline Value for Janda Street

Janda Street guideline value

The current guideline value of Janda Street in Tharamani village, under the Adayar SRO, is Rs 2,800 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Janda Street has changed

The guideline value for Janda Street has seen several revisions over the years. The earliest recorded figure is from 2002, which was Rs 159 per sq.ft. This value increased significantly to Rs 300 per sq.ft in 2003, marking an increase of 89%. The following revisions saw further increases, with the value reaching Rs 1,000 per sq.ft in 2007, a rise of 233%. In 2012, the value adjusted to Rs 2,500 per sq.ft, reflecting a decrease of 33%. The 2017 revision brought it back up to Rs 1,675 per sq.ft, and then it increased to Rs 2,500 per sq.ft in 2023, before reaching the current value of Rs 2,800 per sq.ft in 2024, which is a 12% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1661%. The register has no figure for the years not specifically mentioned in the revisions.

Guideline values in Tharamani

In Tharamani, there are 78 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 1,700 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 2,800 per sq.ft, which is equal to the current value of Janda Street.

• Indira Gandhi Street: Rs 2,800 per sq.ft (2024)
• Kalaingar Street: Rs 2,800 per sq.ft (2024)
• Govindu Street: Rs 2,800 per sq.ft (2024)
• Kamarajar Street: Rs 2,800 per sq.ft (2024)
• Kambar Street: Rs 2,800 per sq.ft (2024)
• Gandhi Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Janda Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000. Together, the total cost for these fees would be Rs 2,52,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Janda Street?

The Sub Registrar Office that covers Janda Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Tharamani. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Janda Street?

The current guideline value of Janda Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 159 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, with various revisions in between.

What is the median guideline value in Tharamani?

The median guideline value for the 78 streets in Tharamani under the Adayar SRO is Rs 2,800 per sq.ft.

What are the stamp duty and registration fees for a property in Janda Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 2,52,000.

Which office handles property registrations for Janda Street?

The Adayar Sub Registrar Office handles property registrations for Janda Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.