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Guideline Value

Corporate

Guideline Value for NEHRU NAGAR & STREETS

₹440/sq.ft.

The guideline value for Nehru Nagar & Streets in Thiruninravur-b 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-b

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 Nagar & Streets

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Nehru Nagar & Streets guideline value

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

How the guideline value of Nehru Nagar & Streets has changed

The guideline value has seen several revisions over the years. The 2017 revision set the value at Rs 268 per sq.ft, which increased to Rs 400 per sq.ft in the 2023 revision. The latest revision in 2024 has further raised the value to Rs 440 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, there has been a significant increase of 64% in the guideline value.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The 2024 figure of Rs 440 per sq.ft represents a 49% increase from the 2017 figure of Rs 268 per sq.ft, illustrating the notable changes in the guideline value over the years.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft, with a median value of Rs 770 per sq.ft. Nehru Nagar & Streets' current figure is below this median.

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 fees together 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.

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

Which Sub Registrar Office covers Nehru Nagar & Streets?

The Nehru Nagar & Streets are covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Thiruninravur-B. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value will influence the amount of stamp duty payable, which is calculated based on the higher of the guideline value or the sale price. This ensures transparency and standardization in property transactions.

Frequently asked questions

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

The current guideline value of 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 increased from Rs 268 per sq.ft in 2017 to Rs 440 per sq.ft in 2024, reflecting an overall increase of 64% during this period.

What is the registration office for Nehru Nagar & Streets?

The registration office for 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.

How is stamp duty calculated in Nehru Nagar & Streets?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 4,40,000 would incur a stamp duty of Rs 30,800.

What is the land classification for Nehru Nagar & Streets?

Nehru Nagar & Streets are classified as Residential Class III Type - III, indicating the type of development permissible in the area.