Guideline Value for Jamunabai Nagar 2nd Street

Jamunabai Nagar 2nd Street guideline value

The current guideline value of Jamunabai Nagar 2nd Street is Rs 3,500 per sq.ft as per the 2024 revision, effective from 1 July 2024. This street is located in Sembiam village under the Sembiam SRO and is classified as Residential Special Type - II.

How the guideline value of Jamunabai Nagar 2nd Street has changed

The guideline value for Jamunabai Nagar 2nd Street has undergone several revisions over the years. The earliest recorded figure was Rs 319 per sq.ft in 2002, which increased significantly to Rs 700 per sq.ft in 2007, marking a change of +119%. Following this, the value rose dramatically to Rs 3,200 per sq.ft in 2012, a substantial increase of +357%. However, it then decreased to Rs 2,144 per sq.ft in 2017, reflecting a decline of -33%.

In the subsequent revisions, the guideline value increased to Rs 3,200 per sq.ft in 2023, a rise of +49%. The most recent revision in 2024 saw the value rise again to Rs 3,500 per sq.ft, a change of +9%. It is important to note that the register has no figure for this street in 2003.

Guideline values in Sembiam

In Sembiam, there are 250 streets under the Sembiam SRO with a 2024 guideline value ranging from Rs 1,700 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, indicating that Jamunabai Nagar 2nd Street's 2024 figure is above this median.

• Jamunabai Nagar 1st Street: Rs 3,500 per sq.ft (2024)
• Jamaliya Lane: Rs 1,700 per sq.ft (2024)
• Janakiram Nagar 1st Cross Street: Rs 3,500 per sq.ft (2024)
• Janakiram Nagar 1st Main Road: Rs 3,500 per sq.ft (2024)
• Janakiram Nagar 2nd Cross Street: Rs 3,500 per sq.ft (2024)
• Janakiram Nagar 2nd Main Road: Rs 3,500 per sq.ft (2024)

Stamp duty and registration fee for property in Jamunabai Nagar 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,500 per sq.ft, the total guideline value amounts to Rs 35,00,000. The stamp duty at 7% would be Rs 2,45,000, and the registration fee at 2% would be Rs 70,000, bringing the total costs to Rs 3,15,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jamunabai Nagar 2nd Street?

The Sub Registrar Office covering Jamunabai Nagar 2nd Street 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 Sembiam

When buying or selling property in Sembiam, the guideline value is a crucial factor that determines the registration fees and stamp duties applicable. This value is set by the government and is used to assess the minimum price at which property transactions can be registered.

It is essential for buyers and sellers to be aware of the guideline value as it influences the overall cost of the transaction, including the stamp duty and registration fees, which are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Jamunabai Nagar 2nd Street?

The current guideline value of Jamunabai Nagar 2nd Street is Rs 3,500 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has increased from Rs 319 per sq.ft in 2002 to Rs 3,500 per sq.ft in 2024, reflecting an overall increase of +997% over the years.

What is the stamp duty rate for properties in Jamunabai Nagar 2nd Street?

The stamp duty rate for properties in Jamunabai Nagar 2nd Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Jamunabai Nagar 2nd Street?

The Sub Registrar Office for Jamunabai Nagar 2nd Street is located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification for Jamunabai Nagar 2nd Street?

Jamunabai Nagar 2nd Street is classified as Residential Special Type - II.