Guideline Value for Jansi Nagar

Jansi Nagar guideline value

The current guideline value of Jansi Nagar is Rs 440 per sq.ft, effective from 1 July 2024. This area is located in Pothur village under the Redhills SRO and is classified as Residential Class II Type - I.

How the guideline value of Jansi Nagar has changed

The guideline value for Jansi Nagar has seen several revisions over the years. The 2007 revision set the value at Rs 200 per sq.ft, which increased to Rs 400 per sq.ft in 2012, marking a 100% increase. However, the value dropped to Rs 268 per sq.ft in 2017, a decrease of 33%. The next revision in 2023 raised it to Rs 400 per sq.ft, and the most recent revision in 2024 has set the value at Rs 440 per sq.ft, representing a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 120%. It is important to note that the register has no figures for Jansi Nagar for the years 2002 and 2003.

Guideline values in Pothur

Pothur village features 98 streets under the Redhills SRO, with guideline values in 2024 ranging from Rs 330 to Rs 2,000 per sq.ft. The median value for these streets is Rs 550 per sq.ft, placing Jansi Nagar's 2024 figure below the median.

• Jayalakshmi Nagar: Rs 550 per sq.ft (2024)
• Jayalakshmi Nagar I: Rs 550 per sq.ft (2024)
• Jayalakshmi Nagar II: Rs 550 per sq.ft (2024)
• Jayalakshmi Nagar III: Rs 550 per sq.ft (2024)
• Jai Jalaram Nagar: Rs 550 per sq.ft (2024)
• Jageshwari Nagar: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Jansi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, and the registration fee at 2% would be Rs 8,800, leading to a total of Rs 39,600. 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 precise calculations.

Which Sub Registrar Office covers Jansi Nagar?

Jansi Nagar is covered by the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Pothur. It is used to determine the stamp duty and registration fees that must be paid when a property is bought or sold. Buyers should be aware that the guideline value may differ from the actual sale price.

When registering a property, the guideline value is referenced to calculate the applicable duties and fees. This ensures transparency and uniformity in property transactions, making it essential for both buyers and sellers to understand the current guideline value.

Frequently asked questions

What is the current guideline value of Jansi Nagar?

The current guideline value of Jansi Nagar is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 200 per sq.ft in 2007 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 120% during this period.

What are the guideline values for other streets in Pothur?

Other streets in Pothur have guideline values ranging from Rs 330 to Rs 2,000 per sq.ft, with a median value of Rs 550 per sq.ft.

What fees are associated with buying property in Jansi Nagar?

When buying property in Jansi Nagar, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Jansi Nagar?

The Sub Registrar Office covering Jansi Nagar is located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.