Guideline Value for NEHRU STREET 1st GURUKU STREET

NEHRU STREET 1st GURUKU STREET guideline value

The current guideline value of NEHRU STREET 1st GURUKU STREET is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Vengathur village and falls under the jurisdiction of the Manavalanagar SRO. The land classification for this area is Commercial Class I Type - III.

How the guideline value of NEHRU STREET 1st GURUKU STREET has changed

The guideline value for NEHRU STREET 1st GURUKU STREET has seen several revisions over the years. Starting from Rs 150 per sq.ft in 2007, the value increased significantly to Rs 1,300 per sq.ft by 2012. However, it then decreased to Rs 871 per sq.ft in 2017. The value remained at Rs 1,300 per sq.ft in both the 2023 and 2024 revisions, indicating no change from 2023 to 2024. The overall change from 2007 to 2024 is +767%.

There are no figures available for the years 2002 and 2003 in the register for this street. From 2017 to 2023, the value increased by 49%, while the change from 2012 to 2017 was a decrease of 33%, and from 2007 to 2012, there was a substantial increase of 767%.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO, with guideline values ranging from Rs 500 to Rs 2,000 per sq.ft. The median guideline value in this village is Rs 1,000 per sq.ft, making the 2024 figure for NEHRU STREET 1st GURUKU STREET above that median.

• NEHRU STREET 2nd GURUKU STREET: Rs 1,300 per sq.ft (2024)
• Nehru Street: Rs 700 per sq.ft (2024)
• NEHRU STREET 3rd GURUKU STREET: Rs 1,300 per sq.ft (2024)
• Nehru Street (Kabilar Nagar): Rs 1,300 per sq.ft (2024)
• Nedhaji Street: Rs 700 per sq.ft (2024)
• Navaneetham Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in NEHRU STREET 1st GURUKU STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty at 7% would amount to Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total fees to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers NEHRU STREET 1st GURUKU STREET?

NEHRU STREET 1st GURUKU STREET is covered by the Manavalanagar Sub Registrar Office. The office is located at Sub Registrar Office, Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Vengathur. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, it is essential to be aware of the guideline value, as it may affect the overall cost of the transaction. Buyers should ensure that the sale price is not below the guideline value to avoid potential legal issues during registration.

Frequently asked questions

What is the current guideline value of NEHRU STREET 1st GURUKU STREET?

The current guideline value of NEHRU STREET 1st GURUKU STREET is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2012, then decreased to Rs 871 per sq.ft in 2017, and has remained at Rs 1,300 per sq.ft in both 2023 and 2024.

What is the land classification for NEHRU STREET 1st GURUKU STREET?

The land classification for NEHRU STREET 1st GURUKU STREET is Commercial Class I Type - III.

Where is the Sub Registrar Office for this street located?

The Sub Registrar Office covering NEHRU STREET 1st GURUKU STREET is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.

How is the stamp duty calculated for properties in Vengathur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 13,00,000 would incur a stamp duty of Rs 91,000 at a rate of 7%.