Guideline Value for Jawahar Nagar 3rd Circular 1st Cross Road

Jawahar Nagar 3rd Circular 1st Cross Road guideline value

The current guideline value for Jawahar Nagar 3rd Circular 1st Cross 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 land.

How the guideline value of Jawahar Nagar 3rd Circular 1st Cross Road has changed

Over the years, the guideline value of Jawahar Nagar 3rd Circular 1st Cross Road has seen significant changes. The earliest recorded revision was in 2007, with a guideline value of Rs 1,000 per sq.ft. This increased to Rs 3,900 per sq.ft in 2012, marking a substantial rise of 290%. However, from 2012 to 2017, the value decreased to Rs 2,613 per sq.ft, a decline of 33%. The value then increased to Rs 3,900 per sq.ft in 2023, representing a 49% increase. The most recent revision in 2024 set the guideline value at Rs 4,200 per sq.ft, reflecting an 8% increase from the previous year.

It is important to note that there are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 320%.

Guideline values in Peravallur

In Peravallur, the guideline values range 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 for Jawahar Nagar 3rd Circular 1st Cross Road is above this median, indicating a higher valuation compared to other streets in the area.

• Jawahar Nagar 30 Feet Road: Rs 4,200 per sq.ft (2024)
• Jawahar Nagar 3rd Circular 2nd Cross Street: Rs 4,200 per sq.ft (2024)
• Jawahar Nagar 2nd Main Road: Rs 4,200 per sq.ft (2024)
• Jawahar Nagar 3rd Circular Road: Rs 4,200 per sq.ft (2024)
• Jawahar Nagar 3rd Cross Street: Rs 4,200 per sq.ft (2024)
• Jawahar Nagar 2nd Cross Street: Rs 4,200 per sq.ft (2024)

Stamp duty and registration fee for property in Jawahar Nagar 3rd Circular 1st Cross 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, bringing the total cost to Rs 3,78,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Jawahar Nagar 3rd Circular 1st Cross Road?

The Sub Registrar Office that covers Jawahar Nagar 3rd Circular 1st Cross 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 a crucial factor in determining the stamp duty and registration fees when buying or selling property in Peravallur. It serves as a benchmark for the minimum value at which a property can be registered, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the necessary taxes are collected by the authorities.

Frequently asked questions

What is the current guideline value for Jawahar Nagar 3rd Circular 1st Cross Road?

The current guideline value for Jawahar Nagar 3rd Circular 1st Cross 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, representing a total increase of 320% over the years.

What is the land classification for this area?

The land classification for Jawahar Nagar 3rd Circular 1st Cross Road is Mixed Type - I, indicating a diverse use of land in this locality.

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 the stamp duty calculated for property transactions?

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