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Guideline Value

Corporate

Guideline Value for Janakiram Nagar 1st Cross Street

₹3500/sq.ft.

The guideline value for Janakiram Nagar 1st Cross Street in Sembiam village (Sembiam SRO, Chennai zone) is Rs 3500 per sq.ft, effective 1 July 2024. It was Rs 3200 per sq.ft from 1 April 2023, a 9% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sembiam

Village

Sembiam

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹3500 /sq.ft.
From 1-4-2023 ₹3200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2144 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹700 /sq.ft.
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 Janakiram Nagar 1st Cross Street

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Janakiram Nagar 1st Cross Street guideline value

The current guideline value for Janakiram Nagar 1st Cross Street is Rs 3,500 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village and falls under the Sembiam SRO, classified as Residential Special Type - II.

How the guideline value of Janakiram Nagar 1st Cross Street has changed

The guideline value for Janakiram Nagar 1st Cross Street has undergone several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which significantly increased to Rs 3,200 per sq.ft in 2012. However, it saw a decrease to Rs 2,144 per sq.ft in 2017. The subsequent revision in 2023 brought the value back up to Rs 3,200 per sq.ft, and the latest revision in 2024 has set it at Rs 3,500 per sq.ft.

Overall, from 2007 to 2024, the guideline value has increased by 400%. The changes between revisions include a 357% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 9% increase from 2023 to 2024. The register has no figure for this street in 2002 and 2003.

Guideline values in Sembiam

In Sembiam, there are 250 streets under the Sembiam SRO, with guideline values ranging from Rs 1,700 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, placing Janakiram Nagar 1st Cross Street's 2024 figure above this median.

Stamp duty and registration fee for property in Janakiram Nagar 1st Cross 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, together totaling 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.

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

Which Sub Registrar Office covers Janakiram Nagar 1st Cross Street?

The Sub Registrar Office covering Janakiram Nagar 1st Cross 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

The guideline value is used as a reference point for determining the stamp duty and registration fees when buying or selling property. It is essential for both buyers and sellers to understand that the guideline value serves as a benchmark for the official valuation of the property.

When registering a property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property transactions. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Janakiram Nagar 1st Cross Street?

The current guideline value of Janakiram Nagar 1st Cross Street is Rs 3,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2007 to Rs 3,500 per sq.ft in 2024, showing a significant overall increase of 400% over the years.

What is the land classification of Janakiram Nagar 1st Cross Street?

Janakiram Nagar 1st Cross Street is classified as Residential Special Type - II.

Where can I find the Sub Registrar Office for Janakiram Nagar 1st Cross Street?

The Sub Registrar Office for Janakiram Nagar 1st Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in Janakiram Nagar 1st Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 35,00,000, the stamp duty at 7% would be Rs 2,45,000.