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Guideline Value

Corporate

Guideline Value for Jawahar Nagar 3rd Circular 2nd Cross Street

₹4200/sq.ft.

The guideline value for Jawahar Nagar 3rd Circular 2nd 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 3rd Circular 2nd Cross Street

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Jawahar Nagar 3rd Circular 2nd Cross Street guideline value

The current guideline value of Jawahar Nagar 3rd Circular 2nd Cross Street 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 3rd Circular 2nd Cross Street has changed

The guideline value has undergone several revisions since 2007. Starting from Rs 1,000 per sq.ft in 2007, it increased to Rs 3,900 per sq.ft in 2012, marking a significant rise of 290%. However, it then decreased to Rs 2,613 per sq.ft in 2017, which was a drop of 33%. The value saw a notable increase to Rs 3,900 per sq.ft in 2023, and now stands at Rs 4,200 per sq.ft in 2024, reflecting an 8% increase from the previous year. The revisions for the years 2002 and 2003 do not have figures listed for this street.

Overall, from 2007 to 2024, the guideline value has increased by 320%. The changes between the revisions highlight the fluctuations in property values over the years, with the most significant increase occurring between 2007 and 2012.

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 for Jawahar Nagar 3rd Circular 2nd Cross Street is above this median.

Stamp duty and registration fee for property in Jawahar Nagar 3rd Circular 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value, 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 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 information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jawahar Nagar 3rd Circular 2nd Cross Street?

The Sub Registrar Office that covers Jawahar Nagar 3rd Circular 2nd Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Peravallur. It is used to determine the stamp duty and registration fees applicable when buying or selling property in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the official valuation of properties in the region.

Frequently asked questions

What is the current guideline value of Jawahar Nagar 3rd Circular 2nd Cross Street?

The current guideline value of Jawahar Nagar 3rd Circular 2nd 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 increased 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 of Jawahar Nagar 3rd Circular 2nd Cross Street?

Jawahar Nagar 3rd Circular 2nd Cross Street is classified as Mixed Type - I, which indicates the nature of land use in the area.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Jawahar Nagar 3rd Circular 2nd Cross Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is the stamp duty calculated for properties in this area?

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