Guideline Value for Jani John Khan Road 1st Lane

Jani John Khan Road 1st Lane guideline value

The current guideline value of Jani John Khan Road 1st Lane 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 John Khan Road 1st Lane has changed

Over the years, the guideline value of Jani John Khan Road 1st Lane has seen significant changes. In 2007, the value was Rs 1,560 per sq.ft, which increased to Rs 5,000 per sq.ft in 2012, marking a rise of 221%. However, it then decreased to Rs 3,350 per sq.ft in 2017, a decline of 33%. The value rose again to Rs 5,000 per sq.ft in 2023, and most recently, it has increased to Rs 5,500 per sq.ft in 2024, reflecting a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the total increase is 253%. The register does not have figures for the revisions in 2002 and 2003 for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO with a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value is Rs 6,600 per sq.ft, placing Jani John Khan Road 1st Lane's 2024 figure below this median.

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

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, bringing the total to Rs 4,95,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Jani John Khan Road 1st Lane?

The Sub Registrar Office covering Jani John Khan Road 1st Lane 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 benchmark for calculating the stamp duty and registration fees that buyers and sellers must pay when transferring property ownership.

When buying or selling property, the guideline value helps ensure that the transaction is registered at a value that reflects the current market conditions, thereby safeguarding the interests of both parties involved in the transaction.

Frequently asked questions

What is the current guideline value of Jani John Khan Road 1st Lane?

The current guideline value of Jani John Khan Road 1st Lane 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 changed from Rs 1,560 per sq.ft in 2007 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 253% over the years.

What is the land classification of Jani John Khan Road 1st Lane?

Jani John Khan Road 1st Lane is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which office handles property registrations in Triplicane?

The Triplicane Sub Registrar Office handles property registrations in Triplicane, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.