Guideline Value for NEHRU NAGAR 2ND MAIN ROAD

Nehru Nagar 2nd Main Road guideline value

The current guideline value of Nehru Nagar 2nd Main Road is Rs 6,600 per sq.ft, effective from 1 July 2024. This road is located in Perungudi village and falls under the Neelankarai SRO, classified as Residential Special Type - II.

How the guideline value of Nehru Nagar 2nd Main Road has changed

The guideline value for Nehru Nagar 2nd Main Road has undergone several revisions over the years. The earliest recorded figure is from 2012, which was Rs 6,000 per sq.ft. This was followed by a decrease to Rs 4,020 per sq.ft in 2017. The value then increased significantly to Rs 6,000 per sq.ft in 2023, and finally, it rose to Rs 6,600 per sq.ft in the 2024 revision, marking a 10% increase from the previous year. The revisions for the years 2002, 2003, and 2007 have no figures recorded for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a notable increase of 49%. Overall, comparing the years 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft, with a median value of Rs 3,300 per sq.ft. Nehru Nagar 2nd Main Road's 2024 figure is above this median.

• Nehru Nagar 2nd Link Road: Rs 5,500 per sq.ft (2024)
• Nehru Nagar 2nd Extension: Rs 6,600 per sq.ft (2024)
• Nehru Nagar 3rd Cross Extension: Rs 6,100 per sq.ft (2024)
• Nehru Nagar 2nd (Cross) Street: Rs 5,500 per sq.ft (2024)
• Nehru Nagar 3rd (Cross) Street: Rs 5,500 per sq.ft (2024)
• Nehru Nagar 3rd Link Road: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Nehru Nagar 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, while the registration fee at 2% would be Rs 1,32,000, bringing the total fees to Rs 5,94,000. It is important to note that the 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 Nagar 2nd Main Road?

The Neelankarai Sub Registrar Office covers Nehru Nagar 2nd Main Road, 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 Perungudi

The guideline value is a crucial factor in the registration process when buying or selling property in Perungudi. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Nehru Nagar 2nd Main Road?

The current guideline value of Nehru Nagar 2nd Main Road is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2012 to Rs 4,020 per sq.ft in 2017, then back to Rs 6,000 per sq.ft in 2023, and finally to Rs 6,600 per sq.ft in 2024.

What is the land classification for Nehru Nagar 2nd Main Road?

Nehru Nagar 2nd Main Road is classified as Residential Special Type - II.

What are the stamp duty and registration fees for property in Nehru Nagar 2nd Main Road?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 5,94,000.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.