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Guideline Value

Corporate

Guideline Value for Jawahar Nagar 3rd Main Road

₹4200/sq.ft.

The guideline value for Jawahar Nagar 3rd 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 3rd Main Road

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Jawahar Nagar 3rd Main Road guideline value

The current guideline value for Jawahar Nagar 3rd Main 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 it falls under the Mixed Type - I land classification.

How the guideline value of Jawahar Nagar 3rd Main Road has changed

The guideline value for Jawahar Nagar 3rd Main Road has seen several revisions over the years. The earliest recorded figure is from 2007, where it was Rs 1,000 per sq.ft. This increased significantly to Rs 3,900 per sq.ft in 2012, marking a 290% rise. However, the value then decreased to Rs 2,613 per sq.ft in 2017, reflecting a drop of 33%. From 2017 to 2023, the value surged to Rs 3,900 per sq.ft, an increase of 49%. The current revision from 2023 to 2024 shows an 8% increase, bringing the value to Rs 4,200 per sq.ft.

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, 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, indicating that Jawahar Nagar 3rd Main Road's 2024 figure is above this median.

Stamp duty and registration fee for property in Jawahar Nagar 3rd 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 amounts to Rs 42,00,000. The stamp duty, charged 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.

You can use our stamp duty and registration fee calculator for more detailed calculations.

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

The Sub Registrar Office that covers Jawahar Nagar 3rd Main 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 when registering a property in Peravallur. It is used to determine the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware that the guideline value is set by the government and reflects the minimum value for property transactions in the area.

When a property is sold, the buyer typically pays the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Jawahar Nagar 3rd Main Road?

The current guideline value for Jawahar Nagar 3rd 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%.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Jawahar Nagar 3rd Main Road is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located?

The Sembiam Sub Registrar Office is located at 5, Papermills Road, Sembiam, Chennai - 600011.

What other streets in Peravallur have the same guideline value?

Several other streets in Peravallur also have a guideline value of Rs 4,200 per sq.ft in 2024, including Jawahar Nagar 3rd Cross Street, Jawahar Nagar 4th Circular Road, and others.