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Guideline Value

Corporate

Guideline Value for Jani John Khan Road 1st Street

₹5500/sq.ft.

The guideline value for Jani John Khan Road 1st Street in Triplicane village (Triplicane SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Triplicane

Village

Triplicane

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2760 /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.182 Bharati Salai(pycrafts Road) Royapettah, Chennai-600014
044-28611761
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Jani John Khan Road 1st Street

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Jani John Khan Road 1st Street guideline value

The current guideline value for Jani John Khan Road 1st Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Jani John Khan Road 1st Street has changed

Over the years, the guideline value of Jani John Khan Road 1st Street has seen several revisions. The earliest recorded figure is from 2007, where the guideline value was Rs 2,760 per sq.ft. This increased to Rs 5,000 per sq.ft in 2012, then decreased to Rs 3,350 per sq.ft in 2017. The 2023 revision set the value at Rs 5,000 per sq.ft, and the most recent revision in 2024 raised it to Rs 5,500 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2017 to 2023, the value increased by 49%, while from 2012 to 2017, it decreased by 33%. The increase from 2007 to 2012 was significant at 81%. Overall, from 2007 to 2024, the guideline value has risen by 99%. The transition from 2023 to 2024 reflects a 10% increase.

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. The median value for these streets is Rs 6,600 per sq.ft, indicating that Jani John Khan Road 1st Street's 2024 figure is below this median.

Stamp duty and registration fee for property in Jani John Khan Road 1st 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, bringing the total fees to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more accurate calculations based on your property details.

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

The Sub Registrar Office that covers Jani John Khan Road 1st 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 plays a crucial role in the registration process when buying or selling property in Triplicane. It serves as a benchmark for calculating the stamp duty and registration fees that are required to be paid at the time of registration.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Jani John Khan Road 1st 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 seen several changes, starting from Rs 2,760 per sq.ft in 2007, rising to Rs 5,500 per sq.ft in 2024. Significant changes include a decrease to Rs 3,350 per sq.ft in 2017 and an increase of 49% from 2017 to 2023.

What are the stamp duty and registration fees for properties 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. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers this street?

The Triplicane Sub Registrar Office covers Jani John Khan Road 1st Street, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How does the guideline value affect property transactions?

The guideline value is essential for determining the stamp duty and registration fees during property transactions. Buyers must pay the stamp duty based on the guideline value or the sale price, whichever is higher, ensuring compliance with government regulations.