Guideline Value for NEDUNCHEZIAN STREET

Nedunchezian Street guideline value

The current guideline value of Nedunchezian Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, and it falls under the Residential Class III Type - II land classification.

How the guideline value of Nedunchezian Street has changed

The guideline value of Nedunchezian Street has seen several revisions over the years. In the 2007 revision, the value was set at Rs 550 per sq.ft. This figure increased significantly to Rs 1,675 per sq.ft in the 2017 revision, marking a 205% increase. The value continued to rise, reaching Rs 2,500 per sq.ft in the 2023 revision, which is a 49% increase from the previous figure. The current guideline value of Rs 2,700 per sq.ft, effective from 1 July 2024, represents an 8% increase from the 2023 revision.

It is important to note that the guideline register has no figures for the years 2002, 2003, and 2012 for Nedunchezian Street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 391%.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value is Rs 2,700 per sq.ft, which is equal to the current value of Nedunchezian Street.

• Nehruji Jothi Nagar: Rs 2,200 per sq.ft (2024)
• Nehru Jyothi Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Nehru Jyothi Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Nehru Nagar: Rs 2,200 per sq.ft (2024)
• Nehru Nagar 1st Cross Street: Rs 2,200 per sq.ft (2024)
• Nehru Nagar 1st Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Nedunchezian Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total charges to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nedunchezian Street?

The Sub Registrar Office that covers Nedunchezian Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property transactions in Perambur. It serves as a reference for determining the amount of stamp duty and registration fees payable during the sale or purchase of property.

When a property is bought or sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the official valuation set by the authorities.

Frequently asked questions

What is the current guideline value of Nedunchezian Street?

The current guideline value of Nedunchezian Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 550 per sq.ft in 2007 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 391% over this period.

What are the stamp duty and registration fees for properties on Nedunchezian Street?

For a 1,000 sq.ft property at the current guideline value, the total guideline value would be Rs 27,00,000. The stamp duty would be Rs 1,89,000, and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which Sub Registrar Office is responsible for Nedunchezian Street?

The Purasaivakkam Sub Registrar Office is responsible for Nedunchezian Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the land classification for Nedunchezian Street?

Nedunchezian Street falls under the Residential Class III Type - II land classification.