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Guideline Value

Corporate

Guideline Value for Jayaram Nagar 2nd Main Road

₹4400/sq.ft.

The guideline value for Jayaram Nagar 2nd Main Road in Kolathur village (Sembiam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolathur

Village

Sembiam

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹4000 /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 Jayaram Nagar 2nd Main Road

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Jayaram Nagar 2nd Main Road guideline value

The current guideline value of Jayaram Nagar 2nd Main Road is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Kolathur village under the Sembiam SRO, classified as Residential Special Type - I.

How the guideline value of Jayaram Nagar 2nd Main Road has changed

Over the years, the guideline value for Jayaram Nagar 2nd Main Road has seen several revisions. The 2007 revision set the value at Rs 1,000 per sq.ft. This figure remained unchanged until the 2012 revision, which also recorded Rs 4,000 per sq.ft. The value then stayed the same until the 2023 revision, which again listed it at Rs 4,000 per sq.ft. The most recent 2024 revision increased the value to Rs 4,400 per sq.ft, reflecting a 10% increase from the previous year.

In summary, the changes from the 2007 revision to the 2024 revision show a significant overall increase of 340%. The guideline value rose from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, with a notable increase of 300% from 2007 to 2012, and no change from 2012 to 2023.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. The guideline value for Jayaram Nagar 2nd Main Road is above this median, indicating its relatively higher value compared to other streets in the area.

Stamp duty and registration fee for property in Jayaram Nagar 2nd Main Road

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 amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that 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 Jayaram Nagar 2nd Main Road?

The Sub Registrar Office that covers Jayaram Nagar 2nd 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 Kolathur

The guideline value is a crucial factor in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the guideline value helps to establish the minimum value at which the property can be registered. This means that if the sale price is lower than the guideline value, the higher guideline value will be used to calculate the applicable fees.

Frequently asked questions

What is the current guideline value of Jayaram Nagar 2nd Main Road?

The current guideline value of Jayaram Nagar 2nd Main Road 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 changed from Rs 1,000 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, with significant increases occurring in 2012 and 2023.

What is the land classification for Jayaram Nagar 2nd Main Road?

Jayaram Nagar 2nd Main Road is classified as Residential Special Type - I.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Jayaram Nagar 2nd Main Road is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for this street?

The Sub Registrar Office for Jayaram Nagar 2nd Main Road is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.