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Guideline Value

Corporate

Guideline Value for Jawahar Nagar Koil 1st Cross Street

₹4200/sq.ft.

The guideline value for Jawahar Nagar Koil 1st 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 Koil 1st Cross Street

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Jawahar Nagar Koil 1st Cross Street guideline value

The current guideline value of Jawahar Nagar Koil 1st Cross Street 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 Koil 1st Cross Street has changed

The guideline value for Jawahar Nagar Koil 1st Cross Street has undergone several revisions over the years. In 2007, the guideline value was Rs 1,000 per sq.ft, which increased significantly to Rs 3,900 per sq.ft in 2012, marking a 290% rise. However, by 2017, the value decreased to Rs 2,613 per sq.ft, reflecting a 33% drop. The value then rose again to Rs 3,900 per sq.ft in 2023, before reaching the current value of Rs 4,200 per sq.ft in 2024, which is an 8% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%. Overall, from 2007 to 2024, the guideline value has increased by 320%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Peravallur

In Peravallur, there are 423 streets under the Sembiam SRO that carry a guideline value for 2024, ranging from Rs 2,200 to Rs 7,100 per sq.ft. The median guideline value in this area is Rs 3,301 per sq.ft, which indicates that the guideline value for Jawahar Nagar Koil 1st Cross Street is above that median.

Stamp duty and registration fee for property in Jawahar Nagar Koil 1st Cross Street

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 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. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Jawahar Nagar Koil 1st Cross Street?

The Sub Registrar Office that covers Jawahar Nagar Koil 1st Cross Street 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

When buying or selling property in Peravallur, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is the minimum value set by the government for property transactions, and it is used to calculate the applicable fees during registration.

It is important to note that the stamp duty is charged on the higher of the guideline value or the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Jawahar Nagar Koil 1st Cross Street?

The current guideline value of Jawahar Nagar Koil 1st 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 seen several revisions, increasing from Rs 1,000 per sq.ft in 2007 to Rs 4,200 per sq.ft in 2024, representing an overall increase of 320%.

What is the median guideline value in Peravallur?

The median guideline value in Peravallur is Rs 3,301 per sq.ft, indicating that Jawahar Nagar Koil 1st Cross Street's guideline value is above this median.

What are the stamp duty rates for property transactions?

The stamp duty for property transactions in Jawahar Nagar Koil 1st Cross Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find more information about the Sembiam SRO?

You can find more information about the Sembiam Sub Registrar Office at 5, Papermills Road, Sembiam, Chennai - 600011, or visit the find your SRO page.