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Guideline Value

Corporate

Guideline Value for Jawahar Nagar 2nd Main Road

₹4200/sq.ft.

The guideline value for Jawahar Nagar 2nd 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 ₹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 Main Road

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Jawahar Nagar 2nd Main Road guideline value

The current guideline value of Jawahar Nagar 2nd Main 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 2nd Main Road has changed

The guideline value for Jawahar Nagar 2nd Main Road has seen several revisions over the years. Starting with the 2007 revision, the value was Rs 1,000 per sq.ft. This increased significantly to Rs 3,900 per sq.ft in the 2012 revision, marking a 290% rise. However, from 2012 to 2017, the value decreased to Rs 2,613 per sq.ft, which is a decline of 33%. The value then rose again to Rs 3,900 per sq.ft in the 2023 revision, an increase of 49% from the previous revision. The latest revision in 2024 set the guideline value at Rs 4,200 per sq.ft, reflecting an 8% increase from 2023.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 320%.

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. The median guideline value in the village is Rs 3,301 per sq.ft, making the current value of Jawahar Nagar 2nd Main Road above this median.

Stamp duty and registration fee for property in Jawahar Nagar 2nd 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 at 7% would amount to Rs 2,94,000, and the registration fee at 2% would be Rs 84,000, leading to a total of 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 use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Jawahar Nagar 2nd Main Road?

The Sub Registrar Office that covers Jawahar Nagar 2nd Main Road is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Peravallur

The guideline value is a crucial factor during property registration in Peravallur. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair price according to the government standards.

When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs that need to be paid during the registration process. This ensures transparency and compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Jawahar Nagar 2nd Main Road?

The current guideline value of Jawahar Nagar 2nd 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 significantly 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 this period.

What is the median guideline value in Peravallur?

The median guideline value in Peravallur is Rs 3,301 per sq.ft, with Jawahar Nagar 2nd Main Road's current value being above this median.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a property valued at Rs 42,00,000, the total fees would amount to Rs 3,78,000.

Where is the Sembiam Sub Registrar Office located?

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