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Guideline Value

Corporate

Guideline Value for Jawahar Nagar 1st Circular Road

₹4200/sq.ft.

The guideline value for Jawahar Nagar 1st Circular Road in Peravallur village (Sembiam SRO, Chennai zone) is Rs 4200 per sq.ft, effective 1 July 2024. It was Rs 3900 per sq.ft from 1 April 2023, a 8% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Peravallur

Village

Sembiam

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹4200 /sq.ft.
From 1-4-2023 ₹3900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2613 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3900 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /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 Jawahar Nagar 1st Circular Road

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Jawahar Nagar 1st Circular Road guideline value

The current guideline value of Jawahar Nagar 1st Circular Road is Rs 4,200 per sq.ft, effective from 1 July 2024. This road is located in Peravallur village, under the Sembiam Sub Registrar Office (SRO), and is classified as Mixed Type - I land.

How the guideline value of Jawahar Nagar 1st Circular Road has changed

The guideline value for Jawahar Nagar 1st Circular Road has undergone several revisions over the years. In 2007, the value was set at Rs 1,000 per sq.ft, which increased significantly to Rs 3,900 per sq.ft in 2012. However, there was a decrease to Rs 2,613 per sq.ft in 2017. The value then rose sharply to Rs 3,900 per sq.ft in 2023 before reaching the current figure of Rs 4,200 per sq.ft in 2024. Notably, there are no figures available for this street in the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The jump from 2023 to 2024 is an 8% rise. Overall, from 2007 to 2024, the guideline value has increased by 320%, reflecting significant changes over the years.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that have a 2024 guideline value ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median value for these streets is Rs 3,301 per sq.ft, making the current value of Jawahar Nagar 1st Circular Road above this median.

Stamp duty and registration fee for property in Jawahar Nagar 1st Circular Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,200 per sq.ft, the total guideline value amounts to Rs 42,00,000. The stamp duty, calculated at 7%, would be Rs 2,94,000, and the registration fee at 2% would be Rs 84,000, bringing the total cost for these fees to Rs 3,78,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jawahar Nagar 1st Circular Road?

The Jawahar Nagar 1st Circular Road falls under the jurisdiction of 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 Peravallur

The guideline value is a crucial factor during the registration of property transactions in Peravallur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring compliance with local regulations.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory for all transactions. This ensures transparency and fairness in property dealings within the region.

Frequently asked questions

What is the current guideline value of Jawahar Nagar 1st Circular Road?

The current guideline value of Jawahar Nagar 1st Circular Road is Rs 4,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 1,000 per sq.ft in 2007 to Rs 4,200 per sq.ft in 2024, reflecting an overall increase of 320% over the years.

What is the median guideline value in Peravallur?

The median guideline value for streets in Peravallur under the Sembiam SRO is Rs 3,301 per sq.ft, with Jawahar Nagar 1st Circular Road's value being above this median.

What are the stamp duty and registration fees for property in Jawahar Nagar 1st Circular Road?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees total Rs 3,78,000.

Which office handles registrations for properties in Jawahar Nagar 1st Circular Road?

The Sembiam Sub Registrar Office handles registrations for properties in Jawahar Nagar 1st Circular Road, located at 5, Papermills Road, Sembiam, Chennai - 600011.