Guideline Value for NEHRU NAGAR

Nehru Nagar guideline value

The current guideline value of Nehru Nagar is Rs 800 per sq.ft, as per the 2023 revision. This area falls under Kelambakkam village, governed by the Thiruporur SRO, and is classified as Residential Class III Type - I.

How the guideline value of Nehru Nagar has changed

The guideline value for Nehru Nagar has undergone several revisions over the years. The 2007 revision set the value at Rs 250 per sq.ft, which increased significantly to Rs 800 per sq.ft in the 2012 revision, marking a substantial rise of 220%. However, from 2012 to 2017, the value decreased to Rs 536 per sq.ft, a decline of 33%. The latest revision in 2023 saw the guideline value return to Rs 800 per sq.ft, reflecting an increase of 49% from the previous figure.

Overall, from the 2007 revision to the current 2023 revision, the guideline value has increased by 220%. It is important to note that there are no figures available for the years 2002, 2003, and 2024 in the register for this street.

Guideline values in Kelambakkam

Currently, there are no specific village figures provided for Kelambakkam. Nehru Nagar's guideline value is Rs 800 per sq.ft, and it is important to note that there are no other streets in Kelambakkam listed under the Thiruporur SRO.

Stamp duty and registration fee for property in Nehru Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, while the registration fee at 2% would be Rs 16,000. Together, the total costs would be Rs 72,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nehru Nagar?

The Sub Registrar Office that covers Nehru Nagar is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kelambakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the higher value between the guideline value and the sale price is used to calculate the applicable duties. This ensures that the transaction is accurately recorded and that the necessary fees are appropriately assessed.

Frequently asked questions

What is the current guideline value of Nehru Nagar?

The current guideline value of Nehru Nagar is Rs 800 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased by 220% overall, with significant changes occurring in the years 2012, 2017, and 2023.

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

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

Where is the Thiruporur Sub Registrar Office located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

Is there a guideline value for the year 2024?

No, the register does not provide a guideline value for Nehru Nagar for the year 2024.