Guideline Value for Jawahar Nagar 3rd Circular Road

Jawahar Nagar 3rd Circular Road guideline value

The current guideline value of Jawahar Nagar 3rd Circular Road is Rs 4,200 per sq.ft, effective from 1 July 2024. This road 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 Road has changed

The guideline value for Jawahar Nagar 3rd Circular Road has seen several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 1,000 per sq.ft. This value increased significantly to Rs 3,900 per sq.ft in 2012, marking a 290% rise. However, it then dropped to Rs 2,613 per sq.ft in 2017, reflecting a decrease of 33%. The value continued to rise, reaching Rs 3,900 per sq.ft in 2023, and then increased to Rs 4,200 per sq.ft in 2024, which is an 8% increase from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 320%.

There are no recorded figures for the years 2002 and 2003 for this street in the register. The revisions indicate a fluctuating pattern, with significant increases observed in certain periods, particularly from 2017 to 2023, where the value rose by 49%.

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 value for these streets is Rs 3,301 per sq.ft, placing the guideline value of Jawahar Nagar 3rd Circular Road above this median.

• Jawahar Nagar 3rd Circular 2nd Cross Street: Rs 4,200 per sq.ft (2024)
• Jawahar Nagar 3rd Cross Street: Rs 4,200 per sq.ft (2024)
• Jawahar Nagar 3rd Circular 1st Cross Road: Rs 4,200 per sq.ft (2024)
• Jawahar Nagar 3rd Main Road: Rs 4,200 per sq.ft (2024)
• Jawahar Nagar 30 Feet Road: Rs 4,200 per sq.ft (2024)
• Jawahar Nagar 4th Circular Road: Rs 4,200 per sq.ft (2024)

Stamp duty and registration fee for property in Jawahar Nagar 3rd Circular Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,200 per sq.ft, the total guideline value amounts to Rs 42,00,000. The stamp duty, charged at 7%, would be Rs 2,94,000, while the registration fee at 2% would be Rs 84,000. Together, these fees would total 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.

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

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

The Jawahar Nagar 3rd Circular Road falls under the jurisdiction of the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Peravallur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is assessed to ensure that the appropriate duties are calculated based on the higher of the guideline value or the sale price. This ensures compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Jawahar Nagar 3rd Circular Road?

The current guideline value of Jawahar Nagar 3rd Circular 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 seen several revisions, starting from Rs 1,000 per sq.ft in 2007 to Rs 4,200 per sq.ft in 2024, marking an overall increase of 320%.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 42,00,000, leading to a stamp duty of Rs 2,94,000 and a registration fee of Rs 84,000, totaling Rs 3,78,000.

Which office handles the registration for this area?

The Sembiam Sub Registrar Office handles the registration for Jawahar Nagar 3rd Circular Road, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification for Jawahar Nagar 3rd Circular Road?

The land classification for Jawahar Nagar 3rd Circular Road is Mixed Type - I, indicating a versatile use of the land in this area.