Guideline Value for Jawahar Nagar 5th Main Road

Jawahar Nagar 5th Main Road guideline value

The current guideline value of Jawahar Nagar 5th Main Road is Rs 4,200 per sq.ft, effective from 1 July 2024. This street is located in Peravallur village and falls under the Sembiam SRO. The land classification for this area is Mixed Type - I.

How the guideline value of Jawahar Nagar 5th Main Road has changed

The guideline value for Jawahar Nagar 5th Main 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 increased significantly to Rs 3,900 per sq.ft in 2012, marking a 290% rise. However, it then decreased to Rs 2,613 per sq.ft in 2017, reflecting a 33% decline. The value rebounded to Rs 3,900 per sq.ft in 2023, and currently stands at Rs 4,200 per sq.ft from the 2024 revision, which is an 8% increase from the previous year.

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, with a median value of Rs 3,301 per sq.ft. The guideline value of Rs 4,200 per sq.ft for Jawahar Nagar 5th Main Road is above this median.

• Jawahar Nagar 5th Circular Road: Rs 4,200 per sq.ft (2024)
• Jawahar Nagar 6th Main Road: Rs 4,200 per sq.ft (2024)
• Jawahar Nagar 4th Main Road: Rs 4,200 per sq.ft (2024)
• Jawahar Nagar 70 Feet Road: Rs 4,900 per sq.ft (2024)
• Jawahar Nagar 4th Cross Street: 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 5th 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, bringing the total cost to Rs 3,78,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Jawahar Nagar 5th Main Road?

The Sub Registrar Office that covers Jawahar Nagar 5th 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 in property transactions in Peravallur, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fee and stamp duty are calculated based on it.

When registering a property, the guideline value ensures that the transaction is documented at a fair price, which helps maintain transparency in the real estate market. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Jawahar Nagar 5th Main Road?

The current guideline value of Jawahar Nagar 5th Main Road is Rs 4,200 per sq.ft, effective from 1 July 2024.

How much 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 these years.

What is the stamp duty for property in Jawahar Nagar 5th Main Road?

The stamp duty for property in Jawahar Nagar 5th Main Road is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Jawahar Nagar 5th Main Road?

The Sub Registrar Office for Jawahar Nagar 5th Main Road is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the median guideline value in Peravallur?

The median guideline value in Peravallur is Rs 3,301 per sq.ft, with Jawahar Nagar 5th Main Road's current value being above this median.