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Guideline Value

Corporate

Guideline Value for Jaganathan Street (Vetri Nagar)

₹4200/sq.ft.

The guideline value for Jaganathan Street (vetri Nagar) in Peravallur village (Sembiam SRO, Chennai zone) is Rs 4200 per sq.ft, effective 1 July 2024. It was Rs 3900 per sq.ft from 1 April 2023, a 8% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Peravallur

Village

Sembiam

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹4200 /sq.ft.
From 1-4-2023 ₹3900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2613 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3900 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

5, Papermills Road, Sembiam, Chennai - 600011.
044-26702002
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Jaganathan Street (vetri Nagar)

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Jaganathan Street (Vetri Nagar) guideline value

The current guideline value of Jaganathan Street (Vetri Nagar) is Rs 4,200 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village, under the Sembiam SRO, and is classified as Mixed Type - I land.

How the guideline value of Jaganathan Street (Vetri Nagar) has changed

Over the years, the guideline value for Jaganathan Street (Vetri Nagar) has seen several revisions. The 2012 revision set the value at Rs 3,900 per sq.ft, which then dropped to Rs 2,613 per sq.ft in the 2017 revision. Following this, the value significantly increased to Rs 3,900 per sq.ft in 2023, and then rose again to Rs 4,200 per sq.ft in 2024, marking an 8% increase from the previous year. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%, but from 2017 to 2023, it increased by 49%. Overall, from 2012 to 2024, the guideline value has seen a rise of 8%.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median value for these streets is Rs 3,301 per sq.ft, placing Jaganathan Street (Vetri Nagar) above that median.

Stamp duty and registration fee for property in Jaganathan Street (Vetri Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,200 per sq.ft, the total guideline value amounts to Rs 42,00,000. The stamp duty, charged at 7%, would be Rs 2,94,000, while the registration fee at 2% would be Rs 84,000. Therefore, the total cost for these fees would be Rs 3,78,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Jaganathan Street (Vetri Nagar)?

The Sub Registrar Office that covers Jaganathan Street (Vetri Nagar) is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Peravallur. It determines the minimum value at which a property can be registered, ensuring that the transaction is documented accurately for legal purposes.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value of Jaganathan Street (Vetri Nagar)?

The current guideline value of Jaganathan Street (Vetri Nagar) is Rs 4,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,900 per sq.ft in 2012 to Rs 2,613 per sq.ft in 2017, then to Rs 3,900 per sq.ft in 2023, and finally to Rs 4,200 per sq.ft in 2024.

What is the land classification for Jaganathan Street (Vetri Nagar)?

Jaganathan Street (Vetri Nagar) is classified as Mixed Type - I land according to the Sembiam SRO guidelines.

Where can I find the Sub Registrar Office for Jaganathan Street (Vetri Nagar)?

The Sembiam Sub Registrar Office, which covers Jaganathan Street (Vetri Nagar), is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Jaganathan Street (Vetri Nagar)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft property at the current guideline value would incur a stamp duty of Rs 2,94,000.