Guideline Value for Jansirani Street

Jansirani Street guideline value

The current guideline value of Jansirani Street in Thiruvallur village, under the Tiruvallur Joint 1 SRO, is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - III classification.

How the guideline value of Jansirani Street has changed

The guideline value for Jansirani Street has seen several revisions over the years. In 2007, the value was Rs 200 per sq.ft, which increased significantly to Rs 1,000 per sq.ft in 2012, marking a 400% increase. However, it then decreased to Rs 670 per sq.ft in 2017, reflecting a 33% drop. Following this, the value rose to Rs 1,000 per sq.ft in 2023, and most recently, it has increased to Rs 1,100 per sq.ft in 2024, a 10% rise.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 450%.

Guideline values in Thiruvallur

In Thiruvallur village, there are 172 streets under the Tiruvallur Joint 1 SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 3,850 per sq.ft. The median value is Rs 1,100 per sq.ft, which is the same as the current guideline value for Jansirani Street.

• Jayanagar: Rs 2,750 per sq.ft (2024)
• Jagajeevamram Street: Rs 2,200 per sq.ft (2024)
• Iyyanar Avenue: Rs 1,650 per sq.ft (2024)
• Iyveliagram Colony: Rs 880 per sq.ft (2024)
• Iyveliagaram Street: Rs 1,100 per sq.ft (2024)
• IOB Colony: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Jansirani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty, calculated at 7%, would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. Please note that duty is charged on the higher of the guideline value or the sale price. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jansirani Street?

The Sub Registrar Office that covers Jansirani Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process for property transactions in Thiruvallur. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the transaction is documented at a fair value.

When buying or selling property, the guideline value influences the calculation of stamp duty and registration fees, which are essential costs associated with property transactions. This ensures that both buyers and sellers are aware of their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Jansirani Street?

The current guideline value of Jansirani Street is Rs 1,100 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 1,100 per sq.ft in 2024, reflecting an overall increase of 450% over the years.

What is the land classification for Jansirani Street?

Jansirani Street is classified under Residential Class I Type - III.

Where can I find the Sub Registrar Office for Jansirani Street?

The Sub Registrar Office for Jansirani Street is the Tiruvallur Joint 1 Sub Registrar Office, located at No.201, J.n.road, Taluk Office Compound, Thiruvallur-602001.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. These fees are based on the higher of the guideline value or the sale price.