Guideline Value for NEHRU STREET KONAMBEDU

Nehru Street Konambedu guideline value

The current guideline value of Nehru Street Konambedu is Rs 2,050 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of Nehru Street Konambedu has changed

The guideline value for Nehru Street Konambedu has seen significant changes over the years. The earliest recorded figure is from 2012, where it was Rs 700 per sq.ft. This increased to Rs 1,250 per sq.ft in 2017, marking a rise of 79%. The value then jumped to Rs 1,866 per sq.ft in 2023, a notable increase of 49%. As of 2024, the guideline value stands at Rs 2,050 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for Nehru Street Konambedu. Overall, from 2012 to 2024, the guideline value has increased by 193%.

Guideline values in Paruthipattu

In Paruthipattu, there are a total of 486 streets under the Avadi SRO, with guideline values ranging from Rs 801 to Rs 4,730 per sq.ft. The median guideline value in this area is Rs 1,625 per sq.ft, which means that Nehru Street Konambedu's 2024 figure is above the median.

• Nehru Nagar 4th Street: Rs 1,625 per sq.ft (2024)
• Nehru Nagar 3rd Street: Rs 1,625 per sq.ft (2024)
• Nehru Nagar 2nd Street: Rs 1,625 per sq.ft (2024)
• Nehru Nagar 1st Street: Rs 1,625 per sq.ft (2024)
• Nethaji St, Kamarajar Nagar: Rs 950 per sq.ft (2024)
• Nehru Bajar (Commercial): Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Nehru Street Konambedu

For a 1,000 sq.ft plot at the current rate of Rs 2,050 per sq.ft, the guideline value amounts to Rs 20,50,000. The stamp duty at 7% would be Rs 1,43,500, and the registration fee at 2% would be Rs 41,000, bringing the total to Rs 1,84,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Nehru Street Konambedu?

The Sub Registrar Office that covers Nehru Street Konambedu is the Avadi Sub Registrar Office. The address is 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 Paruthipattu

The guideline value plays a crucial role during property transactions in Paruthipattu. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers must ensure that they are aware of the current guideline value to avoid any discrepancies during the registration process.

Additionally, the guideline value is essential for both buyers and sellers to understand the official valuation of the property. This ensures that all parties are informed and can proceed with the transaction smoothly.

Frequently asked questions

What is the current guideline value of Nehru Street Konambedu?

The current guideline value of Nehru Street Konambedu is Rs 2,050 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 700 per sq.ft in 2012 to Rs 2,050 per sq.ft in 2024, marking an overall increase of 193%.

What is the median guideline value in Paruthipattu?

The median guideline value in Paruthipattu is Rs 1,625 per sq.ft, which is below the current guideline value of Nehru Street Konambedu.

What are the stamp duty and registration fees for property in Nehru Street Konambedu?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 20,50,000, the total fees would amount to Rs 1,84,500.

Which office handles registrations for Nehru Street Konambedu?

The Avadi Sub Registrar Office handles registrations for Nehru Street Konambedu, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.