Guideline Value for JAWAHARLAL NEHRU ROAD

Jawaharlal Nehru Road guideline value

The current guideline value of Jawaharlal Nehru Road is Rs 8,800 per sq.ft, effective from 1 July 2024. This road is located in Ekkaduthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Commercial Special Type - I.

How the guideline value of Jawaharlal Nehru Road has changed

The guideline value for Jawaharlal Nehru Road has undergone several revisions over the years. In 2002, the value was Rs 932 per sq.ft, which increased to Rs 1,075 per sq.ft in 2003, marking a change of +15%. The value saw a further increase to Rs 1,400 per sq.ft in 2007, reflecting a +30% change. The 2012 revision brought the value to Rs 8,000 per sq.ft, a significant increase of +471%. However, in 2017, the value decreased to Rs 5,360 per sq.ft, resulting in a -33% change. The value then rose to Rs 8,000 per sq.ft in 2023, before reaching the current figure of Rs 8,800 per sq.ft in 2024, which is a +10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +844%. It is important to note that there are no revisions with figures missing for this street in the register.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 4,620 per sq.ft, placing Jawaharlal Nehru Road's 2024 figure above that median.

• Indira Street (Sardar Colony): Rs 4,620 per sq.ft (2024)
• Jothi Nagar: Rs 4,620 per sq.ft (2024)
• Jothi Nagar 1st Cross St: Rs 3,520 per sq.ft (2024)
• Jothi Nagar 2nd Cross St: Rs 3,520 per sq.ft (2024)
• Jothi Nagar Main Rd: Rs 4,620 per sq.ft (2024)
• Kabilar Street: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Jawaharlal Nehru Road

For a 1,000 sq.ft plot at the current rate of Rs 8,800 per sq.ft, the guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, totaling Rs 7,92,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Jawaharlal Nehru Road?

The Sub Registrar Office that covers Jawaharlal Nehru Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ekkaduthangal. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value serves as a reference point for both the buyer and seller. It ensures that the transaction is recorded at a value that reflects the official rates set by the government, thereby maintaining transparency in property transactions.

Frequently asked questions

What is the current guideline value of Jawaharlal Nehru Road?

The current guideline value of Jawaharlal Nehru Road is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 932 per sq.ft in 2002 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of +844% over this period.

What is the land classification for Jawaharlal Nehru Road?

The land classification for Jawaharlal Nehru Road is Commercial Special Type - I.

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

The Sub Registrar Office for Jawaharlal Nehru Road is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

How is the stamp duty calculated for properties in Ekkaduthangal?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 88,00,000, the stamp duty would be Rs 6,16,000 at 7%.