Guideline Value for Jawahar Street

Jawahar Street guideline value

The current guideline value of Jawahar Street in Sembiam village, under the Sembiam SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. This street falls under the Commercial Class I Type - III land classification.

How the guideline value of Jawahar Street has changed

Starting from the 2002 revision, the guideline value for Jawahar Street was Rs 319 per sq.ft. This figure saw a significant increase in the 2007 revision to Rs 700 per sq.ft, marking a change of +119%. In the 2012 revision, the value rose to Rs 4,000 per sq.ft, reflecting an increase of +471%. However, the 2017 revision saw a decrease to Rs 2,680 per sq.ft, which was a drop of -33%. The value then increased to Rs 4,000 per sq.ft in the 2023 revision, and finally, the current value is Rs 4,400 per sq.ft as of the 2024 revision, representing an increase of +10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +1279%. The register has no figure for this street in 2003.

Guideline values in Sembiam

In Sembiam village, there are 250 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Jawahar Street's 2024 figure is above this median.

• Janakiram Nagar 6th Main Road: Rs 3,500 per sq.ft (2024)
• Janakiram Nagar 6th Cross Street: Rs 3,500 per sq.ft (2024)
• Janakiram Nagar 5th Main Road: Rs 3,500 per sq.ft (2024)
• Janakiram Nagar 5th Cross Street: Rs 3,500 per sq.ft (2024)
• Janakiram Nagar 4th Main Road: Rs 3,500 per sq.ft (2024)
• Janakiram Nagar 4th Cross Street: Rs 3,500 per sq.ft (2024)

Stamp duty and registration fee for property in Jawahar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jawahar Street?

The Sub Registrar Office that covers Jawahar Street is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for more details.

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

The guideline value is a crucial factor when buying or selling property in Sembiam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Jawahar Street?

The current guideline value of Jawahar Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, increasing from Rs 319 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, which is an overall increase of +1279%.

What are the stamp duty and registration fees for property in Jawahar Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 44,00,000. The stamp duty would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which Sub Registrar Office covers Jawahar Street?

The Sembiam Sub Registrar Office covers Jawahar Street, located at 5, Papermills Road, Sembiam, Chennai - 600011.

What is the land classification of Jawahar Street?

Jawahar Street is classified as Commercial Class I Type - III, indicating its suitability for commercial activities.