Guideline Value for Janakiram Nagar 4th Main Road

Janakiram Nagar 4th Main Road guideline value

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

How the guideline value of Janakiram Nagar 4th Main Road has changed

The guideline value for Janakiram Nagar 4th Main Road 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, marking a substantial rise of 357%. However, it then decreased to Rs 2,144 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 3,200 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 3,500 per sq.ft, representing a 9% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. 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 a 2024 guideline value 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 4th Main Road's 2024 figure above this median.

• Janakiram Nagar 4th Cross Street: Rs 3,500 per sq.ft (2024)
• Janakiram Nagar 5th Cross Street: Rs 3,500 per sq.ft (2024)
• Janakiram Nagar 3rd Main Road: Rs 3,500 per sq.ft (2024)
• Janakiram Nagar 5th Main Road: Rs 3,500 per sq.ft (2024)
• Janakiram Nagar 3rd Cross Street: Rs 3,500 per sq.ft (2024)
• Janakiram Nagar 6th Cross Street: Rs 3,500 per sq.ft (2024)

Stamp duty and registration fee for property in Janakiram Nagar 4th 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. Together, these fees would total 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 4th Main Road?

The Sub Registrar Office that covers Janakiram Nagar 4th 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 a critical factor when registering property transactions in Sembiam. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these charges are calculated based on a standard value set by the government.

When buying or selling property, the guideline value helps in establishing a fair price for registration purposes. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Janakiram Nagar 4th Main Road?

The current guideline value of Janakiram Nagar 4th 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 significantly from Rs 700 per sq.ft in 2007 to Rs 3,500 per sq.ft in 2024, marking an overall increase of 400% over this period.

What is the stamp duty rate for properties in Janakiram Nagar 4th Main Road?

The stamp duty rate for properties in Janakiram Nagar 4th Main Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Janakiram Nagar 4th Main Road located?

The Sub Registrar Office for Janakiram Nagar 4th Main Road is located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification for Janakiram Nagar 4th Main Road?

Janakiram Nagar 4th Main Road is classified as Residential Special Type - II according to the guidelines set by the Sembiam SRO.