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Guideline Value

Corporate

Guideline Value for NEHRU NAGAR MAIN ROAD

₹2200/sq.ft.

The guideline value for Nehru Nagar Main Road in Perambur village (Purasaivakkam SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. It was Rs 2000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perambur

Village

Purasaivakkam

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 ₹2000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1340 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹550 /sq.ft.
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)

93/1, Bricklin Road, Otteri, Chennai- 600 012.
044-26623514
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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 Main Road

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Nehru Nagar Main Road guideline value

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

How the guideline value of Nehru Nagar Main Road has changed

The guideline value for Nehru Nagar Main Road has seen several revisions over the years. In 2007, the value was Rs 550 per sq.ft, which increased significantly to Rs 2,000 per sq.ft in 2012, marking a rise of 264%. However, between 2012 and 2017, the value decreased to Rs 1,340 per sq.ft, a change of -33%. The 2023 revision set the value at Rs 2,000 per sq.ft, which then increased to Rs 2,200 per sq.ft in 2024, reflecting a 10% rise.

From 2017 to 2023, the value rose by 49%, bringing it to Rs 2,000 per sq.ft. Overall, from 2007 to 2024, there has been a substantial increase of 300%, with the current value of Rs 2,200 per sq.ft being the highest recorded.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value range from Rs 1,600 to Rs 7,100 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, placing Nehru Nagar Main Road's value below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to 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 guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nehru Nagar Main Road?

The Sub Registrar Office covering Nehru Nagar Main Road is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property, as it determines the minimum price at which a property can be registered. This value is used to calculate the stamp duty and registration fees that are applicable during the transaction.

When a property is sold, the seller must ensure that the sale price meets or exceeds the guideline value to avoid any complications during registration. The authorities will assess the property based on this guideline value to ensure compliance with local regulations.

Frequently asked questions

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

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 2,200 per sq.ft in 2024, reflecting an overall increase of 300% over this period.

What is the stamp duty rate for properties in Nehru Nagar Main Road?

The stamp duty rate for properties in Nehru Nagar Main Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Nehru Nagar Main Road located?

The Sub Registrar Office for Nehru Nagar Main Road is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What are the other streets in Perambur with the same guideline value?

Other streets in Perambur with the same guideline value of Rs 2,200 per sq.ft include Nehru Nagar 7th Street, Nehru Nagar 6th Street, Nehru Nagar 5th Street, Nehru Nagar 4th Street, Nehru Nagar 3rd Street, and Nehru Nagar 3rd Cross Street.