Guideline Value for NEHRU NAGAR 3RD STREET

Nehru Nagar 3rd Street guideline value

The current guideline value of Nehru Nagar 3rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Nehru Nagar 3rd Street has changed

Since the 2007 revision, the guideline value for Nehru Nagar 3rd Street has seen significant changes. In 2007, the value was Rs 550 per sq.ft, which increased to Rs 2,000 per sq.ft in both the 2012 and 2023 revisions. The most recent revision in 2024 saw a further increase to Rs 2,200 per sq.ft, marking a 10% rise from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 300%. Notably, there are no figures available for the years 2002, 2003, and 2017 in the register for this street.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value of Nehru Nagar 3rd Street is below this median.

• Nehru Nagar 3rd Cross Street: Rs 2,200 per sq.ft (2024)
• Nehru Nagar 4th Street: Rs 2,200 per sq.ft (2024)
• Nehru Nagar 5th Street: Rs 2,200 per sq.ft (2024)
• Nehru Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Nehru Nagar 6th Street: Rs 2,200 per sq.ft (2024)
• Nehru Nagar 7th Street: Rs 2,200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to note that the 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 Street?

The Sub Registrar Office that covers Nehru Nagar 3rd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Perambur, the guideline value is used to calculate stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process. This value serves as a benchmark for property transactions in the area.

Frequently asked questions

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

The current guideline value of Nehru Nagar 3rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 550 per sq.ft to Rs 2,200 per sq.ft in 2024, marking a total increase of 300% over this period.

What is the land classification for Nehru Nagar 3rd Street?

Nehru Nagar 3rd Street is classified as Residential Class IV Type - I.

What are the stamp duty and registration fees for property in Nehru Nagar 3rd Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000.

Which Sub Registrar Office covers the area of Nehru Nagar 3rd Street?

The Purasaivakkam Sub Registrar Office covers Nehru Nagar 3rd Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.