Guideline Value for NEHRU NAGAR & STREETS

Nehru Nagar & Streets guideline value

The current guideline value for Nehru Nagar & Streets in Thiruninravur-A village, under the Avadi SRO, is Rs 440 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class III Type - III land classification.

How the guideline value of Nehru Nagar & Streets has changed

The guideline value for Nehru Nagar & Streets has seen several revisions over the years. The 2017 revision set the value at Rs 268 per sq.ft. This increased to Rs 400 per sq.ft in 2023, marking a significant rise of 49%. The most recent 2024 revision has further increased the value to Rs 440 per sq.ft, reflecting a change of 10% from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

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, with a median value of Rs 750 per sq.ft. The guideline value for Nehru Nagar & Streets is below this median.

• Nehru Nagar Road: Rs 440 per sq.ft (2024)
• Nehru 1st Cross Street: Rs 440 per sq.ft (2024)
• New Indira Nagar: Rs 750 per sq.ft (2024)
• Narayanasamy Avenue & Streets: Rs 750 per sq.ft (2024)
• New Nagar: Rs 840 per sq.ft (2024)
• Narasimma Nagar: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in Nehru Nagar & Streets

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

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Nehru Nagar & Streets?

The Sub Registrar Office that covers Nehru Nagar & Streets is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor in the registration process for property transactions in Thiruninravur-A. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value for Nehru Nagar & Streets?

The current guideline value for Nehru Nagar & Streets is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, and now to Rs 440 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

What is the land classification for Nehru Nagar & Streets?

Nehru Nagar & Streets fall under the Residential Class III Type - III land classification.

What are the stamp duty and registration fees for properties in Nehru Nagar & Streets?

For a property valued at Rs 4,40,000, the stamp duty would be Rs 30,800 and the registration fee would be Rs 8,800, totaling Rs 39,600.

Where can I find the Sub Registrar Office for Nehru Nagar & Streets?

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