Guideline Value for Janakiram Nagar 6th Main Road

Janakiram Nagar 6th Main Road guideline value

The current guideline value of Janakiram Nagar 6th Main Road is Rs 3,500 per sq.ft, effective from 1 July 2024. This road 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 Main Road has changed

Over the years, the guideline value for Janakiram Nagar 6th Main Road has seen several revisions. The 2007 revision set the value at Rs 700 per sq.ft, which increased significantly to Rs 3,200 per sq.ft in 2012. However, there was a decrease to Rs 2,144 per sq.ft in 2017. The value then rose to Rs 3,200 per sq.ft in 2023, before reaching the current rate of Rs 3,500 per sq.ft in 2024, marking a 9% increase from the previous year.

From 2017 to 2023, the increase was notable at 49%. When looking at the overall changes from 2007 to 2024, the guideline value has increased by 400%. It is important to note that there are no figures available for the revisions in 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. The guideline value for Janakiram Nagar 6th Main Road is above this median.

• Janakiram Nagar 6th Cross Street: Rs 3,500 per sq.ft (2024)
• Janakiram Nagar 5th Main Road: Rs 3,500 per sq.ft (2024)
• Janakiram Nagar 5th Cross Street: Rs 3,500 per sq.ft (2024)
• Janakiram Nagar 4th 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 6th 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 be Rs 2,45,000, and the registration fee at 2% would be Rs 70,000, bringing the total to 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Janakiram Nagar 6th Main Road?

The Sub Registrar Office that covers Janakiram Nagar 6th 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 crucial factor during property transactions in Sembiam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is used to assess the applicable fees, ensuring that both buyers and sellers are aware of the financial obligations involved in the transaction.

Frequently asked questions

What is the current guideline value for Janakiram Nagar 6th Main Road?

The current guideline value for Janakiram Nagar 6th 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 from Rs 700 per sq.ft in 2007 to Rs 3,500 per sq.ft in 2024, marking a total increase of 400% over the years.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Janakiram Nagar 6th Main Road is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sembiam Sub Registrar Office?

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

What is the median guideline value for streets in Sembiam?

The median guideline value for streets in Sembiam is Rs 2,700 per sq.ft, with Janakiram Nagar 6th Main Road being above this median at Rs 3,500 per sq.ft.