Guideline Value for NEHRU 1ST STREET

Nehru 1st Street guideline value

The current guideline value of Nehru 1st Street is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village under the Neelankarai SRO, and is classified as Residential Class II Type - II.

How the guideline value of Nehru 1st Street has changed

The guideline value register has no figures for Nehru 1st Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 2,800 per sq.ft.

Prior to the 2024 revision, there were no recorded figures for this street in the guideline value register. Therefore, the 2024 figure marks the first entry for Nehru 1st Street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO with a 2024 guideline value range from Rs 1,000 to Rs 8,800 per sq.ft. The median value is Rs 2,200 per sq.ft, and Nehru 1st Street's 2024 figure is above this median.

• Nehru 2nd Street: Rs 2,800 per sq.ft (2024)
• Nedunchelian Street: Rs 3,900 per sq.ft (2024)
• Nedunchelian 7th Street: Rs 3,900 per sq.ft (2024)
• Nedunchelian 6th Street: Rs 3,900 per sq.ft (2024)
• Nedunchelian 5th Street: Rs 3,900 per sq.ft (2024)
• Nedunchelian 4th Street: Rs 3,900 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current rate of Rs 2,800 per sq.ft, the guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total to Rs 2,52,000. Duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nehru 1st Street?

The Nehru 1st Street falls under the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a crucial factor in property transactions in Sholinganallur - 1. It serves as the benchmark for determining stamp duty and registration fees when a property is bought or sold.

When registering a property, the guideline value helps ensure that the transaction is recorded at an appropriate value, which is essential for legal and taxation purposes. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

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

The current guideline value of Nehru 1st Street is Rs 2,800 per sq.ft, effective from 1 July 2024.

What is the land classification for Nehru 1st Street?

Nehru 1st Street is classified as Residential Class II Type - II.

Are there any previous guideline values for Nehru 1st Street?

The guideline value register has no figures for Nehru 1st Street for the years 2002, 2003, 2007, 2012, 2017, and 2023. The 2024 figure is the first recorded for this street.

What is the median guideline value in Sholinganallur - 1?

The median guideline value for streets in Sholinganallur - 1 is Rs 2,200 per sq.ft, with Nehru 1st Street's 2024 figure being above this median.

Where can I find more information about the registration office?

The Neelankarai Sub Registrar Office covers Nehru 1st Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find more information by visiting the relevant links.