Guideline Value for Sri Janani Nagar

Sri Janani Nagar guideline value

The current guideline value of Sri Janani Nagar is Rs 935 per sq.ft, effective from 1 July 2024. This area is located in Malayambakkam village, under the Kunrathur SRO, classified as Residential Class I Type - I.

How the guideline value of Sri Janani Nagar has changed

The guideline value for Sri Janani Nagar has undergone several revisions over the years. In 2007, the guideline value was Rs 250 per sq.ft, which increased significantly to Rs 850 per sq.ft in 2012. However, it saw a decrease to Rs 569 per sq.ft in 2017. The value then rose to Rs 850 per sq.ft in 2023, before reaching the current figure of Rs 935 per sq.ft in 2024, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 274%. Notably, there are no figures available for the years 2002 and 2003 for this street in the register.

Guideline values in Malayambakkam

In Malayambakkam, there are 82 streets under the Kunrathur SRO that have a guideline value for 2024, ranging from Rs 450 to Rs 2,750 per sq.ft. The median value is Rs 935 per sq.ft, which is equal to the current guideline value of Sri Janani Nagar.

• Sri Gayathiri Doctor's Enclave: Rs 880 per sq.ft (2024)
• Sri Ganapathy Nagar: Rs 935 per sq.ft (2024)
• Sri Krishna Garden: Rs 935 per sq.ft (2024)
• Sri Boopathy Nagar: Rs 2,200 per sq.ft (2024)
• Sri Moogambigai Nagar: Rs 880 per sq.ft (2024)
• Srinivasa Nagar: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Sri Janani Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, bringing the total fees to Rs 84,150. 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 more details.

Which Sub Registrar Office covers Sri Janani Nagar?

Sri Janani Nagar falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Malayambakkam. It is used to determine the stamp duty and registration fees applicable when registering a property. Buyers and sellers must be aware of this value to ensure compliance with local regulations.

When a property is sold, the guideline value is considered to prevent undervaluation. This ensures that the government receives the appropriate revenue from property transactions, based on the established guideline values.

Frequently asked questions

What is the current guideline value of Sri Janani Nagar?

The current guideline value of Sri Janani Nagar is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 935 per sq.ft in 2024, reflecting an overall increase of 274% over the years.

What are the stamp duty and registration fees for properties in Sri Janani Nagar?

For a 1,000 sq.ft property, the stamp duty would be Rs 65,450 and the registration fee would be Rs 18,700, totaling Rs 84,150 based on the current guideline value.

Which Sub Registrar Office is responsible for Sri Janani Nagar?

The Kunrathur Sub Registrar Office covers Sri Janani Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the median guideline value in Malayambakkam?

The median guideline value in Malayambakkam is Rs 935 per sq.ft, which is the same as the current guideline value for Sri Janani Nagar.