Guideline Value

Corporate

Guideline Value for NEHRU 2ND STREET

₹2800/sq.ft.

The guideline value for Nehru 2nd Street in Sholinganallur - 1 village (Neelankarai SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Sholinganallur - 1

Village

Neelankarai

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
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)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 2nd Street

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Nehru 2nd Street guideline value

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

How the guideline value of Nehru 2nd Street has changed

In the 2023 revision, the guideline value for Nehru 2nd Street was Rs 2,500 per sq.ft. The most recent revision in 2024 has increased this value to Rs 2,800 per sq.ft, marking a change of +12% from the previous year. The register has no figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

As we look back, the guideline values for the years without figures indicate that there have been no recorded changes for Nehru 2nd Street in those years. The increase from 2023 to 2024 reflects the latest adjustment in the guideline value for this street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 2,200 per sq.ft, placing Nehru 2nd Street's 2024 figure above that median.

Stamp duty and registration fee for property in Nehru 2nd 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, totaling Rs 2,52,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nehru 2nd Street?

The Neelankarai Sub Registrar Office covers Nehru 2nd Street. The office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value is an important factor during property registration in Sholinganallur - 1. 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 buying or selling property, the guideline value serves as a reference point for both parties. It ensures that the transaction is recorded at a fair value, which is essential for legal and financial purposes.

Frequently asked questions

What is the current guideline value of Nehru 2nd Street?

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

How has the guideline value changed over the years?

The guideline value for Nehru 2nd Street was Rs 2,500 per sq.ft in 2023 and increased to Rs 2,800 per sq.ft in 2024, representing a +12% change. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002.

What are the other streets in Sholinganallur - 1 with their guideline values?

Other streets in Sholinganallur - 1 include Nehru 1st Street at Rs 2,800 per sq.ft, and several streets on Nedunchelian, all at Rs 3,900 per sq.ft. These values reflect the 2024 revisions.

What are the stamp duty and registration fees for property in Nehru 2nd Street?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000. These fees are calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Nehru 2nd Street?

The Neelankarai Sub Registrar Office is 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 provided link.