Guideline Value for Janakiram Nagar 5th Main Road

Janakiram Nagar 5th Main Road guideline value

The current guideline value of Janakiram Nagar 5th Main Road is Rs 3,500 per sq.ft, effective from 1 July 2024. This street is located in Sembiam village and falls under the Sembiam SRO, classified as Residential Special Type - II.

How the guideline value of Janakiram Nagar 5th Main Road has changed

The guideline value for Janakiram Nagar 5th Main Road has seen several revisions over the years. The 2007 revision set the value at Rs 700 per sq.ft, which then increased dramatically to Rs 3,200 per sq.ft in 2012, marking a significant rise of 357%. However, this value decreased to Rs 2,144 per sq.ft in the 2017 revision, reflecting a decline of 33%. The guideline value then rose to Rs 3,200 per sq.ft in 2023, a notable increase of 49% from the previous revision. Currently, in 2024, the guideline value stands at Rs 3,500 per sq.ft, which is a 9% increase from 2023.

There are no figures available for the years 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 400%.

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. The guideline value for Janakiram Nagar 5th Main Road is above this median.

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

Stamp duty and registration fee for property in Janakiram Nagar 5th 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 at 7% would amount to Rs 2,45,000, and the registration fee at 2% would be Rs 70,000, bringing the total to Rs 3,15,000. Please note that the duty is charged on the higher of the guideline value and the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Janakiram Nagar 5th Main Road?

The Sub Registrar Office that covers Janakiram Nagar 5th 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 plays a crucial role in the registration of property transactions in Sembiam. It is the benchmark used to assess the value of a property for registration purposes, ensuring that the correct stamp duty and registration fees are applied based on the property's value.

When buying or selling property, the guideline value helps determine the legal and financial obligations involved in the transaction. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

What is the current guideline value of Janakiram Nagar 5th Main Road?

The current guideline value of Janakiram Nagar 5th 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 the years.

What is the land classification for Janakiram Nagar 5th Main Road?

Janakiram Nagar 5th Main Road is classified as Residential Special Type - II under the Sembiam SRO.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total fees would amount to Rs 3,15,000.

Where can I find the Sub Registrar Office for Janakiram Nagar 5th Main Road?

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