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Guideline Value

Corporate

Guideline Value for Janakiram Nagar 5th Cross Street

₹3500/sq.ft.

The guideline value for Janakiram Nagar 5th 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 5th Cross Street

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Janakiram Nagar 5th Cross Street guideline value

The current guideline value for Janakiram Nagar 5th 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, with a land classification of Residential Special Type - II.

How the guideline value of Janakiram Nagar 5th Cross Street has changed

Over the years, the guideline value for Janakiram Nagar 5th Cross Street has seen significant changes. In the 2007 revision, the guideline value was Rs 700 per sq.ft, which increased dramatically to Rs 3,200 per sq.ft in 2012, marking a rise of 357%. However, in the 2017 revision, the value decreased to Rs 2,144 per sq.ft, reflecting a drop of 33%. The subsequent revision in 2023 saw the value rise again to Rs 3,200 per sq.ft, followed by an increase to Rs 3,500 per sq.ft in 2024, which is a 9% increase from the previous year.

In summary, the guideline value has increased from Rs 700 per sq.ft in 2007 to Rs 3,500 per sq.ft in 2024, an overall increase of 400%. The register has no figure for this street in 2002 and 2003.

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 5th Cross Street's 2024 figure is above this median.

Stamp duty and registration fee for property in Janakiram Nagar 5th 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, bringing the total fees together to Rs 3,15,000. It is important to note that 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 5th Cross Street?

The Sub Registrar Office that covers Janakiram Nagar 5th 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 when buying or selling property in Sembiam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with the legal requirements.

When a property transaction occurs, the guideline value is used to calculate the stamp duty and registration fees, which are essential for the legal transfer of property ownership. This ensures that the transaction is recorded accurately and that the appropriate taxes are paid to the government.

Frequently asked questions

What is the current guideline value for Janakiram Nagar 5th Cross Street?

The current guideline value for Janakiram Nagar 5th 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 increased from Rs 700 per sq.ft in 2007 to Rs 3,500 per sq.ft in 2024, reflecting significant changes over the years.

What is the land classification for Janakiram Nagar 5th Cross Street?

The land classification for Janakiram Nagar 5th Cross Street is Residential Special Type - II.

Where can I find the Sub Registrar Office for Janakiram Nagar 5th Cross Street?

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

How is the stamp duty calculated for properties in Janakiram Nagar 5th Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current guideline value, the total fees can amount to Rs 3,15,000.