Guideline Value for Jani Batcha Street

Jani Batcha Street guideline value

The current guideline value of Jani Batcha Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Residential Class II Type - I.

How the guideline value of Jani Batcha Street has changed

The guideline value for Jani Batcha Street has undergone several revisions over the years. The earliest recorded figure is from 2007, set at Rs 945 per sq.ft, which increased significantly to Rs 5,000 per sq.ft in 2012, marking a 429% rise. However, this was followed by a reduction to Rs 3,350 per sq.ft in 2017, a decrease of 33%. The value then rose to Rs 5,000 per sq.ft in 2023, before reaching the current figure of Rs 5,500 per sq.ft in 2024, reflecting a 10% increase from the previous year. The guideline value has increased by 482% from 2007 to 2024.

It is important to note that there are no figures available for the years 2002 and 2003 in the register for Jani Batcha Street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,900 per sq.ft, with a median value of Rs 6,600 per sq.ft. The guideline value for Jani Batcha Street is below this median.

• Jani Batcha Lane (Western Side Street): Rs 5,500 per sq.ft (2024)
• Jani John Khan Road: Rs 8,800 per sq.ft (2024)
• Jani John Khan Road 1st Lane: Rs 5,500 per sq.ft (2024)
• Jani John Khan Road 1st Street: Rs 5,500 per sq.ft (2024)
• Jani John Khan Road 2nd Lane: Rs 5,500 per sq.ft (2024)
• Jani John Khan Road 3rd Lane: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Jani Batcha Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, making the total cost Rs 4,95,000. It is important 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 details.

Which Sub Registrar Office covers Jani Batcha Street?

The Sub Registrar Office that covers Jani Batcha Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Triplicane. It serves as a reference point for determining the stamp duty and registration fees applicable when a property is bought or sold.

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

Frequently asked questions

What is the current guideline value of Jani Batcha Street?

The current guideline value of Jani Batcha Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 945 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 482% over this period.

What are the other streets in Triplicane with guideline values?

Other streets in Triplicane include Jani Batcha Lane (Western Side Street) at Rs 5,500 per sq.ft, Jani John Khan Road at Rs 8,800 per sq.ft, and several others at Rs 5,500 per sq.ft.

What is the stamp duty rate for properties in Jani Batcha Street?

The stamp duty rate for properties in Jani Batcha Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Jani Batcha Street located?

The Sub Registrar Office for Jani Batcha Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.