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Guideline Value

Corporate

Guideline Value for NEHRU NAGAR 5TH LINK ROAD

₹5500/sq.ft.

The guideline value for Nehru Nagar 5th Link Road in Perungudi village (Neelankarai SRO, Chennai zone) is Rs 5500 per sq.ft, effective 1 July 2024. It was Rs 5000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Iv. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungudi

Village

Neelankarai

SRO

Residential Special Type - IV
History
Period Guideline Value
From 1-7-2024 ₹5500 /sq.ft.
From 1-4-2023 ₹5000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3350 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5000 /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 5th Link Road

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Nehru Nagar 5th Link Road guideline value

The current guideline value of Nehru Nagar 5th Link Road is Rs 5,500 per sq.ft, effective from 1 July 2024. This road is located in Perungudi village and falls under the Neelankarai SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of Nehru Nagar 5th Link Road has changed

The guideline value for Nehru Nagar 5th Link Road has seen several revisions over the years. The 2012 revision set the value at Rs 5,000 per sq.ft, which was then decreased to Rs 3,350 per sq.ft in the 2017 revision. Following this, the value increased to Rs 5,000 per sq.ft in the 2023 revision, and finally, it rose to Rs 5,500 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

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. The guideline value for Nehru Nagar 5th Link Road is above this median.

Stamp duty and registration fee for property in Nehru Nagar 5th Link Road

For a 1,000 sq.ft plot at the current rate, the 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, totaling Rs 4,95,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nehru Nagar 5th Link Road?

The Neelankarai Sub Registrar Office covers Nehru Nagar 5th 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 information.

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

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

When a property is registered, the guideline value is assessed to ensure that the correct fees are collected based on either the guideline value or the sale price, whichever is higher. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Nehru Nagar 5th Link Road?

The current guideline value of Nehru Nagar 5th 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, a 10% increase. It decreased from Rs 5,000 per sq.ft in 2012 to Rs 3,350 per sq.ft in 2017, and then increased to Rs 5,000 per sq.ft in 2023.

What is the land classification for Nehru Nagar 5th Link Road?

The land classification for Nehru Nagar 5th Link Road is Residential Special Type - IV, indicating its designated use within the local planning framework.

What are the stamp duty and registration fees for a property here?

For a property valued at 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, totaling Rs 4,95,000. Duty is charged on the higher of the guideline value or the sale price.

Which office handles registrations for Nehru Nagar 5th Link Road?

The Neelankarai Sub Registrar Office handles registrations for Nehru Nagar 5th Link Road. It is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.