Guideline Value for Jawahar Nagar Koil 2nd Cross Street

Jawahar Nagar Koil 2nd Cross Street guideline value

The current guideline value for Jawahar Nagar Koil 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 land.

How the guideline value of Jawahar Nagar Koil 2nd Cross Street has changed

The guideline value for Jawahar Nagar Koil 2nd Cross Street has seen several revisions over the years. The 2007 revision set the value at Rs 1,000 per sq.ft, which increased significantly to Rs 3,900 per sq.ft in 2012, marking a 290% rise. However, from 2012 to 2017, the value decreased to Rs 2,613 per sq.ft, reflecting a 33% drop. The value then rose to Rs 3,900 per sq.ft in 2023, a 49% increase from the previous revision.

As of the 2024 revision, the guideline value stands at Rs 4,200 per sq.ft, which is an 8% increase from the 2023 figure. Overall, from 2007 to 2024, the guideline value has increased by 320% for this street. 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 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 for Jawahar Nagar Koil 2nd Cross Street above this median.

• Jawahar Nagar Koil 1st Cross Street: Rs 4,200 per sq.ft (2024)
• Jawahar Nagar Koil Veethi: Rs 4,200 per sq.ft (2024)
• Jawahar Nagar Old Post Office Road: Rs 4,200 per sq.ft (2024)
• Jawahar Nagar 70 Feet Road: Rs 4,900 per sq.ft (2024)
• Jawahar Nagar 6th Main Road: Rs 4,200 per sq.ft (2024)
• Jawahar Nagar 5th Main Road: Rs 4,200 per sq.ft (2024)

Stamp duty and registration fee for property in Jawahar Nagar Koil 2nd 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 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 for these fees to 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 details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jawahar Nagar Koil 2nd Cross Street?

The Sembiam Sub Registrar Office covers Jawahar Nagar Koil 2nd Cross Street. The office is 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 critical factor when buying or selling property in Peravallur, as it determines the minimum price at which a property can be registered. Buyers must consider this value to understand the financial implications of their transactions, including stamp duty and registration fees.

When registering a property, the guideline value serves as a basis for calculating the applicable taxes. It is essential for both buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value for Jawahar Nagar Koil 2nd Cross Street?

The current guideline value for Jawahar Nagar Koil 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 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 and registration fees for properties in this area?

For a property valued at Rs 42,00,000, the stamp duty would be Rs 2,94,000, and the registration fee would be Rs 84,000, totaling Rs 3,78,000.

Which Sub Registrar Office is responsible for this street?

The Sembiam Sub Registrar Office is responsible for Jawahar Nagar Koil 2nd Cross Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification for Jawahar Nagar Koil 2nd Cross Street?

The land classification for Jawahar Nagar Koil 2nd Cross Street is Mixed Type - I.