Guideline Value for Janakiram Nagar 4th Cross Street

Janakiram Nagar 4th Cross Street guideline value

The current guideline value of Janakiram Nagar 4th 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, classified as Residential Special Type - II.

How the guideline value of Janakiram Nagar 4th Cross Street has changed

The guideline value for Janakiram Nagar 4th Cross Street has seen several revisions over the years. The earliest recorded value was Rs 700 per sq.ft in 2007, which increased significantly to Rs 3,200 per sq.ft in 2012. However, this value dropped to Rs 2,144 per sq.ft in 2017. The 2023 revision set the value at Rs 3,200 per sq.ft, which was then increased to Rs 3,500 per sq.ft in 2024, marking a 9% rise 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 recorded for this street.

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 guideline value for these streets is Rs 2,700 per sq.ft, placing Janakiram Nagar 4th Cross Street's 2024 figure above this median.

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

Stamp duty and registration fee for property in Janakiram Nagar 4th 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, making the total fees Rs 3,15,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Janakiram Nagar 4th Cross Street?

The Sub Registrar Office that covers Janakiram Nagar 4th Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Sembiam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue from property transactions based on the established guideline values.

Frequently asked questions

What is the current guideline value of Janakiram Nagar 4th Cross Street?

The current guideline value of Janakiram Nagar 4th Cross Street is Rs 3,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 700 per sq.ft to Rs 3,500 per sq.ft in 2024, representing a total increase of 400% over the years.

What is the stamp duty for property in Janakiram Nagar 4th Cross Street?

The stamp duty for property in Janakiram Nagar 4th Cross Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Sembiam Sub Registrar Office located?

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

What is the land classification of Janakiram Nagar 4th Cross Street?

Janakiram Nagar 4th Cross Street is classified as Residential Special Type - II.