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Guideline Value

Corporate

Guideline Value for Jawahar Nagar 1st Cross 1st Lane

₹4200/sq.ft.

The guideline value for Jawahar Nagar 1st Cross 1st Lane 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 Cross 1st Lane

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Jawahar Nagar 1st Cross 1st Lane guideline value

The current guideline value of Jawahar Nagar 1st Cross 1st Lane is Rs 4,200 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village and falls under the Sembiam SRO, with a land classification of Mixed Type - I.

How the guideline value of Jawahar Nagar 1st Cross 1st Lane has changed

The guideline value for Jawahar Nagar 1st Cross 1st Lane has seen several revisions over the years. In 2007, the guideline value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,900 per sq.ft in 2012, marking a 290% increase. However, it dropped to Rs 2,613 per sq.ft in 2017, reflecting a decrease of 33%. The value then rose sharply to Rs 3,900 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 4,200 per sq.ft, an increase of 8% from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 320%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a guideline value for 2024, ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median guideline value in this area is Rs 3,301 per sq.ft, placing Jawahar Nagar 1st Cross 1st Lane above this median.

Stamp duty and registration fee for property in Jawahar Nagar 1st Cross 1st Lane

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 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.

You can also use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Jawahar Nagar 1st Cross 1st Lane?

The Sub Registrar Office that covers Jawahar Nagar 1st Cross 1st Lane 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 Peravallur

The guideline value plays a crucial role in the registration process of property transactions in Peravallur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid, ensuring compliance with legal requirements.

It is essential for buyers and sellers to be aware of the current guideline value, as it influences the overall cost of property transactions. Accurate knowledge of these values helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Jawahar Nagar 1st Cross 1st Lane?

The current guideline value of Jawahar Nagar 1st Cross 1st Lane 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 increased from Rs 1,000 per sq.ft in 2007 to Rs 4,200 per sq.ft in 2024, marking an overall increase of 320% over the years.

What is the median guideline value in Peravallur?

The median guideline value in Peravallur is Rs 3,301 per sq.ft, which means Jawahar Nagar 1st Cross 1st Lane's current value is above this median.

What are the stamp duty and registration fees for property in this area?

For a property valued at Rs 42,00,000, the stamp duty is Rs 2,94,000 and the registration fee is Rs 84,000, totaling Rs 3,78,000 in fees.

Which office handles property registrations for Jawahar Nagar 1st Cross 1st Lane?

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