Guideline Value for Janakiram Nagar 1st Main Road

Janakiram Nagar 1st Main Road guideline value

The current guideline value of Janakiram Nagar 1st Main Road is Rs 3,500 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village under the Sembiam SRO, and it falls under the Residential Special Type - II land classification.

How the guideline value of Janakiram Nagar 1st Main Road has changed

The guideline value of Janakiram Nagar 1st Main Road has seen several revisions over the years. In 2007, the guideline value was Rs 700 per sq.ft, which increased significantly to Rs 3,200 per sq.ft in 2012. However, it then decreased to Rs 2,144 per sq.ft in 2017. The value rose again to Rs 3,200 per sq.ft in 2023, and most recently, it has increased to Rs 3,500 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 400%. The revisions for the years 2002 and 2003 do not have figures listed for this street in the register.

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 as per the 2024 revision. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Janakiram Nagar 1st Main Road's 2024 figure above that median.

• Janakiram Nagar 1st Cross Street: 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)
• Janakiram Nagar 3rd Cross Street: Rs 3,500 per sq.ft (2024)
• Janakiram Nagar 3rd Main Road: Rs 3,500 per sq.ft (2024)
• Janakiram Nagar 4th Cross Street: Rs 3,500 per sq.ft (2024)

Stamp duty and registration fee for property in Janakiram Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,500 per sq.ft, the total guideline value would be Rs 35,00,000. The stamp duty at 7% would amount to Rs 2,45,000, and the registration fee at 2% would be Rs 70,000, bringing the total fees to Rs 3,15,000. Please 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 Janakiram Nagar 1st Main Road?

The Sub Registrar Office that covers Janakiram Nagar 1st Main Road is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

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

The guideline value plays a crucial role in the registration of property transactions in Sembiam. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold.

Frequently asked questions

What is the current guideline value of Janakiram Nagar 1st Main Road?

The current guideline value of Janakiram Nagar 1st Main Road 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 an overall increase of 400% over the years.

What is the land classification for Janakiram Nagar 1st Main Road?

Janakiram Nagar 1st Main Road is classified as Residential Special Type - II.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Sembiam?

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 would be calculated at 7% of this amount.