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Guideline Value

Corporate

Guideline Value for Janakiram Nagar 6th Cross Street

₹3500/sq.ft.

The guideline value for Janakiram Nagar 6th 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 6th Cross Street

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Janakiram Nagar 6th Cross Street guideline value

The current guideline value of Janakiram Nagar 6th 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, and is classified as Residential Special Type - II.

How the guideline value of Janakiram Nagar 6th Cross Street has changed

The guideline value has seen several revisions over the years. The 2007 revision set the value at Rs 700 per sq.ft, which increased significantly to Rs 3,200 per sq.ft in the 2012 revision. However, the value decreased by 33% to Rs 2,144 per sq.ft in the 2017 revision. The 2023 revision raised it to Rs 3,200 per sq.ft, and the most recent 2024 revision increased it further to Rs 3,500 per sq.ft, reflecting a 9% rise from the previous year.

From the 2017 revision to the 2023 revision, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 400%. The register has no figures for the years 2002 and 2003 for this street.

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 6th Cross Street's 2024 figure is above this median.

Stamp duty and registration fee for property in Janakiram Nagar 6th 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 cost to Rs 3,15,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Janakiram Nagar 6th Cross Street?

The Sembiam Sub Registrar Office covers Janakiram Nagar 6th Cross Street. The office is located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

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

The guideline value is an essential factor in the registration process when buying or selling property in Sembiam. It serves as a reference point to determine the stamp duty and registration fees applicable to the property transaction.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the state receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Janakiram Nagar 6th Cross Street?

The current guideline value of Janakiram Nagar 6th 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 changed from Rs 700 per sq.ft in 2007 to Rs 3,500 per sq.ft in 2024, showing an overall increase of 400% over the years.

What are the other streets in Sembiam with the same guideline value?

Other streets in Sembiam that share the same guideline value of Rs 3,500 per sq.ft in 2024 include Janakiram Nagar 5th Main Road, Janakiram Nagar 6th Main Road, Janakiram Nagar 5th Cross Street, Janakiram Nagar 4th Main Road, Janakiram Nagar 4th Cross Street, and Janakiram Nagar 3rd Main Road.

What fees are associated with buying property in Janakiram Nagar 6th Cross Street?

When purchasing property, buyers must pay stamp duty at 7% of the guideline value and a registration fee at 2%. These fees are calculated based on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office located for Janakiram Nagar 6th Cross Street?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011, and is responsible for property registrations in this area.