Guideline Value

Corporate

Guideline Value for NEHRU NAGAR ROAD

₹440/sq.ft.

The guideline value for Nehru Nagar Road in Thiruninravur-b village (Avadi SRO, Chennai zone) is Rs 440 per sq.ft, effective 1 July 2024. It was Rs 400 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Thiruninravur-b

Village

Avadi

SRO

Residential Class III Type - III
History
Period Guideline Value
From 1-7-2024 ₹440 /sq.ft.
From 1-4-2023 ₹400 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹268 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[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 Road

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Nehru Nagar Road guideline value

The current guideline value of Nehru Nagar Road is Rs 440 per sq.ft, effective from 1 July 2024. This road is located in Thiruninravur-B village and falls under the Avadi SRO. The land classification for this area is Residential Class III Type - III.

How the guideline value of Nehru Nagar Road has changed

The guideline value for Nehru Nagar Road has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 440 per sq.ft, an increase from Rs 400 per sq.ft in the 2023 revision, marking a change of +10%. Prior to that, the 2017 revision recorded a value of Rs 268 per sq.ft, which means there was a significant increase of +49% from 2017 to 2023.

Overall, from the 2017 revision to the current 2024 figure, the guideline value has increased by +64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-B

In Thiruninravur-B, there are 374 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 330 to Rs 1,760 per sq.ft, with a median value of Rs 770 per sq.ft. The guideline value of Nehru Nagar Road is below this median.

Stamp duty and registration fee for property in Nehru Nagar Road

For a 1,000 sq.ft plot at the current guideline value of Rs 440 per sq.ft, the total guideline value amounts to Rs 4,40,000. The stamp duty is charged at 7%, which totals Rs 30,800, and the registration fee at 2% amounts to Rs 8,800. Together, the total fees would be Rs 39,600. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nehru Nagar Road?

The Sub Registrar Office that covers Nehru Nagar Road is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thiruninravur-B

The guideline value is a crucial factor when registering property transactions in Thiruninravur-B. It serves as a benchmark for determining the stamp duty and registration fees that are payable during the transaction process.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately, reflecting the value of the property as per the official register. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Nehru Nagar Road?

The current guideline value of Nehru Nagar Road is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 268 per sq.ft in 2017 to Rs 440 per sq.ft in 2024, reflecting an overall increase of +64% over this period.

What are the other streets in Thiruninravur-B with their guideline values?

Other streets in Thiruninravur-B include Nehru Nagar & Streets and Nehru 1st Cross Street, both at Rs 440 per sq.ft, and New Indira Nagar, Narayanasamy Avenue & Streets, and Narasimma Nagar, all at Rs 770 per sq.ft.

What fees are associated with buying property in Nehru Nagar Road?

When buying property on Nehru Nagar Road, the total stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, these fees would total Rs 39,600.

Where can I find the Sub Registrar Office for Nehru Nagar Road?

The Avadi Sub Registrar Office covers Nehru Nagar Road, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.