Guideline Value for Jani John Khan Road

Jani John Khan Road guideline value

The current guideline value of Jani John Khan Road is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Mixed Type - I.

How the guideline value of Jani John Khan Road has changed

In the 2012 revision, the guideline value was Rs 8,000 per sq.ft. This figure decreased to Rs 5,360 per sq.ft in the 2017 revision, marking a decline of 33%. However, the guideline value saw a significant increase to Rs 8,800 per sq.ft in the 2024 revision, representing a rise of 64% from 2017. The register has no figures for the years 2023, 2007, 2003, and 2002 for this street.

Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 10%. This indicates fluctuations in the value over the years, with notable changes occurring between the most recent revisions.

Guideline values in Triplicane

In Triplicane village, there are 415 streets under the Triplicane SRO, with guideline values ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value is Rs 6,600 per sq.ft, which means Jani John Khan Road's 2024 figure of Rs 8,800 per sq.ft is above the median.

• Jani Batcha Street: Rs 5,500 per sq.ft (2024)
• Jani John Khan Road 1st 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 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 John Khan Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty at 7% would amount to Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total to Rs 7,92,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jani John Khan Road?

The Sub Registrar Office that covers Jani John Khan Road 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 an essential factor during the registration of property transactions in Triplicane. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on the officially recognized value of the property.

When buying or selling property, it is crucial to refer to the guideline value to understand the financial implications of the transaction. This helps both buyers and sellers to comply with legal requirements and accurately assess costs associated with property transfer.

Frequently asked questions

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

The current guideline value of Jani John Khan Road is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: it was Rs 8,000 per sq.ft in 2012, dropped to Rs 5,360 per sq.ft in 2017, and then increased to Rs 8,800 per sq.ft in 2024.

What is the land classification of Jani John Khan Road?

Jani John Khan Road is classified as Mixed Type - I, indicating a diverse use of land in the area.

Where can I find the Sub Registrar Office for Jani John Khan Road?

The Sub Registrar Office for Jani John Khan Road is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is stamp duty calculated for properties in Triplicane?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. It is typically set at 7% for stamp duty and 2% for the registration fee.