Guideline Value for Jawahar lal Nehru Salai

Jawahar lal Nehru Salai guideline value

The current guideline value of Jawahar lal Nehru Salai is Rs 2,860 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village under the Pammal SRO, classified as Commercial Class I Type - I.

How the guideline value of Jawahar lal Nehru Salai has changed

The guideline value of Jawahar lal Nehru Salai has undergone several revisions since 2003. In 2003, the value was Rs 289 per sq.ft, which increased to Rs 425 per sq.ft in 2007. This marked a significant rise of 47%. The value then surged dramatically to Rs 1,742 per sq.ft in 2017, reflecting a 310% increase. However, there is no figure available for the years 2002 and 2012.

From 2017 to 2023, the guideline value rose to Rs 2,600 per sq.ft, a notable increase of 49%. The latest revision in 2024 has set the value at Rs 2,860 per sq.ft, which is a 10% increase from the previous year. Overall, from 2003 to 2024, the guideline value has increased by 890%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO with a guideline value for 2024 ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, placing the guideline value of Jawahar lal Nehru Salai above this median.

• Jaswanth Nagar: Rs 1,870 per sq.ft (2024)
• Jaya Nagar: Rs 2,350 per sq.ft (2024)
• Indra Nagar (All Streets): Rs 1,760 per sq.ft (2024)
• Indira Nagar Vivekanandar Street: Rs 1,760 per sq.ft (2024)
• Indira Nagar Lal Bagadur Sasthiri Street: Rs 1,760 per sq.ft (2024)
• Indira Nagar Kattabomman Street: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Jawahar lal Nehru Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 2,860 per sq.ft, the total guideline value amounts to Rs 28,60,000. The stamp duty at 7% would be Rs 2,00,200, and the registration fee at 2% would be Rs 57,200, bringing the total charges to Rs 2,57,400. 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 lal Nehru Salai?

The Sub Registrar Office that covers Jawahar lal Nehru Salai is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Anakaputhur. It serves as the basis for calculating stamp duty and registration fees, which are necessary for legal ownership transfer. Buyers should be aware that these fees are calculated on the higher of the guideline value or the sale price.

Understanding the guideline value is essential for buyers and sellers alike, as it ensures compliance with local regulations during property transactions. It also helps in determining the financial obligations associated with the purchase or sale of real estate.

Frequently asked questions

What is the current guideline value of Jawahar lal Nehru Salai?

The current guideline value of Jawahar lal Nehru Salai is Rs 2,860 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 289 per sq.ft in 2003 to Rs 2,860 per sq.ft in 2024, reflecting an overall increase of 890% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 28,60,000, the stamp duty would be Rs 2,00,200 and the registration fee would be Rs 57,200, totaling Rs 2,57,400.

Which office handles the registration of properties in Jawahar lal Nehru Salai?

The Pammal Sub Registrar Office is responsible for handling property registrations in Jawahar lal Nehru Salai, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What are the other guideline values in Anakaputhur?

The guideline values for other streets in Anakaputhur vary, with rates ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft.