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Guideline Value

Corporate

Guideline Value for Janakiram Nagar 3rd Cross Street

₹3500/sq.ft.

The guideline value for Janakiram Nagar 3rd 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 3rd Cross Street

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Janakiram Nagar 3rd Cross Street guideline value

The current guideline value of Janakiram Nagar 3rd Cross Street is Rs 3,500 per sq.ft, 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 Janakiram Nagar 3rd Cross Street has changed

The guideline value for Janakiram Nagar 3rd Cross Street has seen several revisions over the years. In 2007, the value was Rs 700 per sq.ft, which increased significantly to Rs 3,200 per sq.ft in 2012. However, this figure dropped 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 most recent revision in 2024 set the value at Rs 3,500 per sq.ft.

Between 2023 and 2024, there was an increase of 9%. From 2017 to 2023, the value increased by 49%. The period from 2012 to 2017 saw a decrease of 33%, while from 2007 to 2012, there was a remarkable increase of 357%. Overall, from 2007 to 2024, the guideline value has increased by 400%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Sembiam

In Sembiam, there are 250 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Janakiram Nagar 3rd Cross Street's 2024 guideline value is above this median.

Stamp duty and registration fee for property in Janakiram Nagar 3rd 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 would be 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 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 Janakiram Nagar 3rd Cross Street?

The Sub Registrar Office that covers Janakiram Nagar 3rd 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 an essential factor in property transactions in Sembiam, as it determines the minimum value at which a property can be registered. This value is used by the registration office to calculate applicable stamp duty and registration fees during the sale or purchase of property.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and fairly, reflecting the value of the property in accordance with the local regulations. It is crucial for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Janakiram Nagar 3rd Cross Street?

The current guideline value of Janakiram Nagar 3rd 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, reflecting an overall increase of 400% over this period.

What is the land classification for Janakiram Nagar 3rd Cross Street?

Janakiram Nagar 3rd Cross Street 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 the stamp duty calculated for properties in Janakiram Nagar 3rd Cross Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 2,45,000.