Guideline Value

Corporate

Guideline Value for NEHRU 1ST CROSS STREET

₹440/sq.ft.

The guideline value for Nehru 1st Cross Street in Thiruninravur-a village (Avadi SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-a

Village

Avadi

SRO

Residential Class III Type - III
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Nehru 1st Cross Street

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Nehru 1st Cross Street guideline value

The current guideline value of Nehru 1st Cross Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village and falls under the Avadi SRO, classified as Residential Class III Type - III.

How the guideline value of Nehru 1st Cross Street has changed

The guideline value for Nehru 1st Cross Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 440 per sq.ft, an increase from Rs 400 per sq.ft in the 2023 revision. This marks a 10% rise from the previous year. Looking back further, the 2017 revision recorded a guideline value of Rs 268 per sq.ft, indicating a significant increase of 49% to the 2023 figure. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that the register has no figures for Nehru 1st Cross Street for the years 2002, 2003, 2007, and 2012. Therefore, only the revisions from 2017, 2023, and 2024 are available for reference.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,750 per sq.ft. The median value for these streets is Rs 750 per sq.ft, placing Nehru 1st Cross Street's 2024 figure below the median.

Stamp duty and registration fee for property in Nehru 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value would be Rs 4,40,000. The stamp duty at 7% would amount to Rs 30,800, while the registration fee at 2% would be Rs 8,800, bringing the total cost for these fees to Rs 39,600. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Nehru 1st Cross Street?

The Sub Registrar Office that covers Nehru 1st Cross Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. For more information, you can find your SRO.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is an essential factor in the registration process for property transactions in Thiruninravur-A. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official worth of the property. It is crucial for buyers to be aware of this value to ensure they are paying a fair price and to avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value of Nehru 1st Cross Street?

The current guideline value of Nehru 1st Cross Street is Rs 440 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value has increased from Rs 400 per sq.ft in 2023 to Rs 440 per sq.ft in 2024, which is a 10% increase. From 2017 to 2023, it rose by 49% from Rs 268 per sq.ft.

What is the land classification of Nehru 1st Cross Street?

Nehru 1st Cross Street is classified as Residential Class III Type - III. This classification is important for understanding the potential uses of the land.

Where can I find the Sub Registrar Office for Nehru 1st Cross Street?

The Sub Registrar Office for Nehru 1st Cross Street is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Thiruninravur-A?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a 1,000 sq.ft plot at the current rate, the stamp duty would be Rs 30,800 based on the guideline value.