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Guideline Value

Corporate

Guideline Value for NEHRU NAGAR 3RD MAIN ROAD

₹6100/sq.ft.

The guideline value for Nehru Nagar 3rd Main Road in Perungudi village (Neelankarai SRO, Chennai zone) is Rs 6100 per sq.ft, effective 1 July 2024. It was Rs 5500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungudi

Village

Neelankarai

SRO

Residential Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹6100 /sq.ft.
From 1-4-2023 ₹5500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3685 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5500 /sq.ft.
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 Nagar 3rd Main Road

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Nehru Nagar 3rd Main Road guideline value

The current guideline value of Nehru Nagar 3rd Main Road is Rs 6,100 per sq.ft, effective from 1 July 2024. This road is located in Perungudi village under the Neelankarai SRO, with a land classification of Residential Special Type - III.

How the guideline value of Nehru Nagar 3rd Main Road has changed

The guideline value for Nehru Nagar 3rd Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 5,500 per sq.ft, which was then decreased to Rs 3,685 per sq.ft in the 2017 revision. Following this, the 2023 revision saw an increase to Rs 5,500 per sq.ft, and the most recent 2024 revision has further raised it to Rs 6,100 per sq.ft. Notably, the register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, it increased significantly by 49%. The overall change from 2012 to 2024 reflects an increase of 11%.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO that have 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. The guideline value for Nehru Nagar 3rd Main Road is above this median.

Stamp duty and registration fee for property in Nehru Nagar 3rd Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 6,100 per sq.ft, the total guideline value would be Rs 61,00,000. The stamp duty at 7% would amount to Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, bringing the total to Rs 5,49,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nehru Nagar 3rd Main Road?

The Neelankarai Sub Registrar Office covers Nehru Nagar 3rd Main Road. The office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Perungudi

The guideline value plays a crucial role during property registration in Perungudi. It is used as a basis for determining the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers should be aware that the guideline value is set by the state government and can vary from one street to another.

When a property transaction occurs, the guideline value is compared to the sale price, and the higher of the two amounts is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Nehru Nagar 3rd Main Road?

The current guideline value of Nehru Nagar 3rd Main Road is Rs 6,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,500 per sq.ft in 2012 to Rs 3,685 per sq.ft in 2017, then increased to Rs 5,500 per sq.ft in 2023, and finally to Rs 6,100 per sq.ft in 2024.

What is the land classification for Nehru Nagar 3rd Main Road?

The land classification for Nehru Nagar 3rd Main Road is Residential Special Type - III.

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.

How is the stamp duty calculated for properties in Nehru Nagar 3rd Main Road?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 61,00,000, the stamp duty would be calculated accordingly, along with the registration fee.