Guideline Value for JAWAHARLAL NEHRU ROAD (100 FEET ROAD)

Jawaharlal Nehru Road (100 Feet Road) guideline value

The current guideline value of Jawaharlal Nehru Road (100 Feet Road) is Rs 14,300 per sq.ft, effective from 1 July 2024. This road is located in Arumbakkam village, under the Kodambakkam SRO, and is classified as Mixed Type - III land.

How the guideline value of Jawaharlal Nehru Road (100 Feet Road) has changed

The guideline value for Jawaharlal Nehru Road (100 Feet Road) has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 4,505 per sq.ft. This value increased significantly to Rs 13,000 per sq.ft in 2012, marking a rise of 189%. However, it then decreased to Rs 8,710 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 13,000 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 14,300 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded guideline values for Jawaharlal Nehru Road in the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 217%.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value for the area is Rs 6,000 per sq.ft, placing Jawaharlal Nehru Road's 2024 figure above this median.

• Jawahar Street: Rs 5,500 per sq.ft (2024)
• Janakiraman Colony Extn: Rs 6,600 per sq.ft (2024)
• Janakiraman Colony: Rs 7,700 per sq.ft (2024)
• Jayaraman Street: Rs 5,700 per sq.ft (2024)
• J.D.Durairaj Nagar: Rs 3,800 per sq.ft (2024)
• Jaganathan Street: Rs 6,000 per sq.ft (2024)

Stamp duty and registration fee for property in Jawaharlal Nehru Road (100 Feet Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value would be Rs 1,43,00,000. The stamp duty, charged at 7%, amounts to Rs 10,01,000, while the registration fee at 2% is Rs 2,86,000. Together, these fees total Rs 12,87,000. 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 Jawaharlal Nehru Road (100 Feet Road)?

The Sub Registrar Office that covers Jawaharlal Nehru Road (100 Feet Road) is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Arumbakkam. It is used to determine the stamp duty and registration fees that buyers must pay, ensuring that the transaction is recorded accurately in the official records.

When buying or selling property, the guideline value is referenced to ascertain the legal obligations related to taxes and fees. This ensures transparency and compliance with local regulations during the property registration process.

Frequently asked questions

What is the current guideline value of Jawaharlal Nehru Road (100 Feet Road)?

The current guideline value of Jawaharlal Nehru Road (100 Feet Road) is Rs 14,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 4,505 per sq.ft in 2007 to Rs 14,300 per sq.ft in 2024, marking a total increase of 217% over the years.

What is the stamp duty rate for properties on Jawaharlal Nehru Road?

The stamp duty for properties on Jawaharlal Nehru Road is charged at a rate of 7% on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Jawaharlal Nehru Road?

The Sub Registrar Office for Jawaharlal Nehru Road is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What are the guideline values of other streets in Arumbakkam?

Other streets in Arumbakkam have varying guideline values, with rates ranging from Rs 3,300 to Rs 16,500 per sq.ft. For example, Jawahar Street has a guideline value of Rs 5,500 per sq.ft in 2024.