Guideline Value for JAWAHARLAL NEHRU ROAD (100FEET ROAD)

Jawaharlal Nehru Road (100feet Road) guideline value

The current guideline value of Jawaharlal Nehru Road (100feet Road) is Rs 13,200 per sq.ft, effective from 1 July 2024. This road is located in Villivakkam village, under the Villivakkam SRO, and is classified as Residential Class I Type - I.

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

Since the 2012 revision, the guideline value for Jawaharlal Nehru Road (100feet Road) has seen several changes. In 2012, the guideline value was Rs 12,000 per sq.ft, which decreased to Rs 8,040 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 12,000 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 13,200 per sq.ft, marking a 10% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, the guideline value has increased by 10% from 2012 to 2024.

Guideline values in Villivakkam

In Villivakkam, there are 372 streets under the Villivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, placing Jawaharlal Nehru Road (100feet Road) above this median.

• Jayanth Colony: Rs 9,800 per sq.ft (2024)
• Iswarya Flats: Rs 9,800 per sq.ft (2024)
• Imayam Colony: Rs 8,200 per sq.ft (2024)
• Kailash Colony: Rs 12,100 per sq.ft (2024)
• I.C.F.ANNEX (Near M.T.H.Road): Rs 5,500 per sq.ft (2024)
• I - Block: Rs 9,800 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 13,200 per sq.ft, the guideline value amounts to Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, totaling Rs 11,88,000. 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 (100feet Road)?

The Sub Registrar Office that covers Jawaharlal Nehru Road (100feet Road) is the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Villivakkam, as it determines the minimum value at which a property can be registered. This value is used to calculate the stamp duty and registration fees, which are mandatory for property transactions.

When a buyer approaches the registration office, they must present the sale price of the property. The stamp duty and registration fees will be calculated based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from the transaction.

Frequently asked questions

What is the current guideline value for Jawaharlal Nehru Road (100feet Road)?

The current guideline value for Jawaharlal Nehru Road (100feet Road) is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 12,000 per sq.ft in 2012 to Rs 8,040 per sq.ft in 2017, then increased to Rs 12,000 per sq.ft in 2023, and finally to Rs 13,200 per sq.ft in 2024.

What is the land classification for Jawaharlal Nehru Road (100feet Road)?

Jawaharlal Nehru Road (100feet Road) is classified as Residential Class I Type - I.

What are the other guideline values in Villivakkam?

Other streets in Villivakkam have varying guideline values, with rates ranging from Rs 1,600 to Rs 13,200 per sq.ft. The median value in the area is Rs 4,900 per sq.ft.

Where is the Villivakkam Sub Registrar Office located?

The Villivakkam Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.