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Guideline Value

Corporate

Guideline Value for Jawahar Nagar 2nd Circular 1st Cross Street

₹4200/sq.ft.

The guideline value for Jawahar Nagar 2nd Circular 1st Cross Street 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 2nd Circular 1st Cross Street

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Jawahar Nagar 2nd Circular 1st Cross Street guideline value

The current guideline value of Jawahar Nagar 2nd Circular 1st Cross Street 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. The land classification for this area is Mixed Type - I.

How the guideline value of Jawahar Nagar 2nd Circular 1st Cross Street has changed

The guideline value for Jawahar Nagar 2nd Circular 1st Cross Street has seen several revisions over the years. In 2007, the value was Rs 1,000 per sq.ft, which increased to Rs 3,900 per sq.ft in 2012. However, there was a decrease to Rs 2,613 per sq.ft in 2017. Following that, the value rose significantly to Rs 3,900 per sq.ft in 2023, and currently stands at Rs 4,200 per sq.ft as of the 2024 revision. The overall change from 2007 to 2024 is an increase of 320%.

From 2012 to 2017, there was a notable decrease of 33%, while the increase from 2017 to 2023 was 49%. The most recent change from 2023 to 2024 reflects an increase of 8%. It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

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 2nd Circular 1st Cross Street is above this median.

Stamp duty and registration fee for property in Jawahar Nagar 2nd Circular 1st Cross Street

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 at 7% would amount to Rs 2,94,000, while the registration fee at 2% would be Rs 84,000, bringing the total fees to Rs 3,78,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Jawahar Nagar 2nd Circular 1st Cross Street?

The Sub Registrar Office that covers Jawahar Nagar 2nd Circular 1st Cross Street 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 a crucial factor when buying or selling property in Peravallur. It serves as a benchmark for assessing the value of a property during the registration process. This value is used to calculate the applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. This ensures that all transactions are in compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Jawahar Nagar 2nd Circular 1st Cross Street?

The current guideline value of Jawahar Nagar 2nd Circular 1st Cross Street 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 significantly 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 land classification for this area?

The land classification for Jawahar Nagar 2nd Circular 1st Cross Street is Mixed Type - I, indicating a mix of residential and commercial uses.

What are the stamp duty and registration fees for a property here?

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

Where is the Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011, covering Jawahar Nagar 2nd Circular 1st Cross Street.