Guideline Value for Johnsirani Street

Johnsirani Street guideline value

The current guideline value of Johnsirani Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Nemili_B village under the Sriperumpudur SRO, classified as Residential Class IV Type - I.

How the guideline value of Johnsirani Street has changed

The guideline value for Johnsirani Street has seen significant changes over the years. The register does not contain figures for the revisions in 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 300 per sq.ft, which was then reduced by 50% to Rs 150 per sq.ft in the 2024 revision.

This reduction indicates a notable shift in the guideline value, moving from Rs 300 per sq.ft in 2023 to Rs 150 per sq.ft in 2024. The current value is now below the median guideline value for the 97 streets in Nemili_B, which ranges from Rs 150 to Rs 1,500 per sq.ft, with a median of Rs 250 per sq.ft.

Guideline values in Nemili_B

In Nemili_B, the guideline values vary significantly across different streets. The current value of Johnsirani Street at Rs 150 per sq.ft is below the median value of Rs 250 per sq.ft. Here are some other streets in Nemili_B under the Sriperumpudur SRO:

• Jeyanthirer Nagar: Rs 250 per sq.ft (2024)
• Jemi Park: Rs 200 per sq.ft (2024)
• Kakkan Street: Rs 200 per sq.ft (2024)
• Kamarajar Street: Rs 200 per sq.ft (2024)
• Kamatchi Nagar: Rs 250 per sq.ft (2024)
• Hasiya Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Johnsirani Street

For a 1,000 sq.ft plot at the current guideline value of Rs 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, totaling Rs 13,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Johnsirani Street?

The Sub Registrar Office that covers Johnsirani Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Nemili_B. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value serves as a reference point for both buyers and sellers to ensure that the transaction is in line with the official valuations set by the Registration Department. This helps in maintaining transparency and consistency in property dealings.

Frequently asked questions

What is the current guideline value of Johnsirani Street?

The current guideline value of Johnsirani Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Johnsirani Street was Rs 300 per sq.ft in 2023 and was reduced to Rs 150 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Johnsirani Street?

Johnsirani Street is classified as Residential Class IV Type - I, indicating its designation for residential purposes within the area.

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

The stamp duty is calculated at 7% of the guideline value, and the registration fee is charged at 2%. For a property valued at Rs 1,50,000, the total stamp duty and registration fees would amount to Rs 13,500.

Where is the Sub Registrar Office for Johnsirani Street located?

The Sub Registrar Office covering Johnsirani Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.