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Guideline Value

Corporate

Guideline Value for Jawahar Nagar 1st Main Road

₹4200/sq.ft.

The guideline value for Jawahar Nagar 1st Main 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 ₹1400 /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 Main Road

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Jawahar Nagar 1st Main Road guideline value

The current guideline value of Jawahar Nagar 1st Main Road is Rs 4,200 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village, under the Sembiam SRO, and is classified as Mixed Type - I.

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

The guideline value for Jawahar Nagar 1st Main Road has seen several revisions over the years. In 2007, the guideline value was Rs 1,400 per sq.ft. This increased significantly to Rs 3,900 per sq.ft in 2012, marking a rise of 179%. However, from 2012 to 2017, the value decreased to Rs 2,613 per sq.ft, a decline of 33%. The value then rose sharply to Rs 3,900 per sq.ft in 2023, reflecting a 49% increase. The latest revision in 2024 set the guideline value at Rs 4,200 per sq.ft, an increase of 8% from the previous year.

There are no figures available for the revisions from 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 200%.

Guideline values in Peravallur

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

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

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

For further calculations, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers Jawahar Nagar 1st 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 Peravallur

The guideline value is an essential factor in the registration process for property transactions in Peravallur. It determines the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value is used to calculate the applicable fees, which are necessary for the legal transfer of property ownership. It is crucial for buyers and sellers to be aware of the current guideline value to ensure compliance with registration requirements.

Frequently asked questions

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

The current guideline value of Jawahar Nagar 1st Main 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 changed from Rs 1,400 per sq.ft in 2007 to Rs 4,200 per sq.ft in 2024, marking an overall increase of 200% over this period.

What is the land classification for Jawahar Nagar 1st Main Road?

Jawahar Nagar 1st Main Road is classified as Mixed Type - I, which indicates a diverse use of land in the area.

Where can I find the Sembiam Sub Registrar Office?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011. This office handles registrations for properties in the area.

How is stamp duty calculated for properties in Jawahar Nagar 1st Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 42,00,000, the stamp duty would be Rs 2,94,000 at a rate of 7%.