Guideline Value for Janakiram Nagar 3rd Main Road

Janakiram Nagar 3rd Main Road guideline value

The current guideline value of Janakiram Nagar 3rd Main Road is Rs 3,500 per sq.ft, effective from 1 July 2024. This road 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 Main Road has changed

The guideline value for Janakiram Nagar 3rd Main Road has seen several revisions over the years. The earliest recorded value is from the 2007 revision, which was Rs 700 per sq.ft. This increased significantly to Rs 3,200 per sq.ft in the 2012 revision, but then decreased to Rs 2,144 per sq.ft in 2017. Following this, the value rose sharply to Rs 3,200 per sq.ft in the 2023 revision, and finally to Rs 3,500 per sq.ft in the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2007 to 2012 was a remarkable 357%, but the value then dropped by 33% from 2012 to 2017. Overall, from 2007 to 2024, the guideline value has increased by 400%.

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 for these streets is Rs 2,700 per sq.ft, placing Janakiram Nagar 3rd Main Road's 2024 guideline value above this median.

• Janakiram Nagar 3rd Cross Street: Rs 3,500 per sq.ft (2024)
• Janakiram Nagar 4th Cross Street: Rs 3,500 per sq.ft (2024)
• Janakiram Nagar 2nd Main Road: Rs 3,500 per sq.ft (2024)
• Janakiram Nagar 4th Main Road: Rs 3,500 per sq.ft (2024)
• Janakiram Nagar 2nd Cross Street: Rs 3,500 per sq.ft (2024)
• Janakiram Nagar 5th Cross Street: Rs 3,500 per sq.ft (2024)

Stamp duty and registration fee for property in Janakiram Nagar 3rd 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, charged at 7%, would amount to Rs 2,45,000, while the registration fee at 2% would be Rs 70,000, bringing the total cost together 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.

You can calculate your stamp duty and registration fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Janakiram Nagar 3rd Main Road?

The Sub Registrar Office that covers Janakiram Nagar 3rd Main Road 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 utilized during the registration of property transactions in Sembiam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is taken into account to ensure that the transaction is recorded accurately. This helps maintain transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Janakiram Nagar 3rd Main Road?

The current guideline value of Janakiram Nagar 3rd 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 several times, increasing from Rs 700 per sq.ft in 2007 to Rs 3,500 per sq.ft in 2024, with various fluctuations in between.

What is the land classification for Janakiram Nagar 3rd Main Road?

Janakiram Nagar 3rd Main Road is classified as Residential Special Type - II, indicating its suitability for residential development.

What is the median guideline value for streets in Sembiam?

The median guideline value for streets in Sembiam is Rs 2,700 per sq.ft, which is below the current value of Janakiram Nagar 3rd Main Road.

Where can I find the Sembiam Sub Registrar Office?

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