Guideline Value for NEHRU NAGAR 4TH LINK ROAD

Nehru Nagar 4th Link Road guideline value

The current guideline value of Nehru Nagar 4th Link Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Perungudi village, under the Neelankarai SRO, and is classified as Residential Special Type - IV.

How the guideline value of Nehru Nagar 4th Link Road has changed

The guideline value for Nehru Nagar 4th Link Road has seen several revisions over the years. In 2012, the value was Rs 5,000 per sq.ft, which decreased to Rs 3,350 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49% to reach Rs 5,000 per sq.ft. The most recent revision in 2024 has set the guideline value at Rs 5,500 per sq.ft, reflecting a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 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. The median value for these streets is Rs 3,300 per sq.ft, making the 2024 guideline value of Nehru Nagar 4th Link Road above this median.

• Nehru Nagar 4th Street: Rs 5,500 per sq.ft (2024)
• Nehru Nagar 5th Link Road: Rs 5,500 per sq.ft (2024)
• Nehru Nagar 3rd Main Road: Rs 6,100 per sq.ft (2024)
• Nehru Nagar 3rd Link Road: Rs 5,500 per sq.ft (2024)
• Nehru Nagar 3rd (Cross) Street: Rs 5,500 per sq.ft (2024)
• Nehru Nagar 3rd Cross Extension: Rs 6,100 per sq.ft (2024)

Stamp duty and registration fee for property in Nehru Nagar 4th Link Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total cost for these fees to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nehru Nagar 4th Link Road?

The Neelankarai Sub Registrar Office covers Nehru Nagar 4th Link 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 is a crucial factor in the registration process when buying or selling property in Perungudi. It determines the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value in the eyes of the law.

When a property is sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs that need to be settled during the registration process. This ensures that both the buyer and seller are aware of the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Nehru Nagar 4th Link Road?

The current guideline value of Nehru Nagar 4th Link Road is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 5,000 per sq.ft in 2023 to Rs 5,500 per sq.ft in 2024. It was Rs 3,350 per sq.ft in 2017 and Rs 5,000 per sq.ft in 2012.

What is the land classification for Nehru Nagar 4th Link Road?

Nehru Nagar 4th Link Road is classified as Residential Special Type - IV.

Where can I find the Neelankarai Sub Registrar Office?

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 4th Link Road?

The stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 55,00,000, the stamp duty at 7% would be Rs 3,85,000.