Guideline Value for Jansi Rani Street (Sri Nagar Colony)

Jansi Rani Street (Sri Nagar Colony) guideline value

The current guideline value of Jansi Rani Street (Sri Nagar Colony) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village, under the Ambattur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Jansi Rani Street (Sri Nagar Colony) has changed

The guideline value for Jansi Rani Street has seen several revisions over the years. In 2012, the value was Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and then further rose to Rs 2,700 per sq.ft in the 2024 revision. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. The overall change from 2012 to 2024 shows an increase of 8% in the guideline value.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO with a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,400 per sq.ft, which means that Jansi Rani Street's 2024 figure of Rs 2,700 per sq.ft is above the median.

• Jayalakshmi Nagar (S.No. 866 Near Rly STN 1st Cross Street): Rs 2,400 per sq.ft (2024)
• Jayalakshmi Nagar (S.No. 866 Near Rly STN 1st Main Road): Rs 2,400 per sq.ft (2024)
• Jayalakshmi Nagar (S.No. 866 Near Rly STN 2nd Cross Street): Rs 2,400 per sq.ft (2024)
• Jak Nagar (V.O.C. Street): Rs 3,800 per sq.ft (2024)
• Jayalakshmi Nagar (S.No. 866 Near Rly STN 2nd Main Road): Rs 2,400 per sq.ft (2024)
• Jak Nagar (Vijayalakshmi Street): Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Jansi Rani Street (Sri Nagar Colony)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees together to Rs 2,43,000. 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 details.

Which Sub Registrar Office covers Jansi Rani Street (Sri Nagar Colony)?

The Sub Registrar Office that covers Jansi Rani Street (Sri Nagar Colony) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives appropriate revenue based on the value of the property being transacted.

Frequently asked questions

What is the current guideline value of Jansi Rani Street (Sri Nagar Colony)?

The current guideline value of Jansi Rani Street (Sri Nagar Colony) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

What is the land classification for Jansi Rani Street?

The land classification for Jansi Rani Street (Sri Nagar Colony) is Residential Special Type - II.

What are the stamp duty and registration fees for property in Jansi Rani Street?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles registrations for Jansi Rani Street?

The Ambattur Sub Registrar Office handles registrations for Jansi Rani Street (Sri Nagar Colony), located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.