Guideline Value

Corporate

Guideline Value for NEHRU STREET

₹3300/sq.ft.

The guideline value for Nehru Street in Perungudi village (Neelankarai SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perungudi

Village

Neelankarai

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹600 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹264 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41
044-24490134
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Street

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Nehru Street guideline value

The current guideline value of Nehru Street in Perungudi village is Rs 3,300 per sq.ft, effective from 1 July 2024. This street falls under the Neelankarai SRO and is classified as Residential Class II Type - II.

How the guideline value of Nehru Street has changed

The guideline value of Nehru Street has seen significant changes over the years. In 2002, the guideline value was Rs 264 per sq.ft. This figure rose to Rs 600 per sq.ft in 2003, marking an increase of 127%. Following that, the value increased by 150% to reach Rs 1,500 per sq.ft in 2007. The 2012 revision saw a significant rise to Rs 3,000 per sq.ft, a 100% increase from the previous figure. However, in 2017, the value dropped to Rs 2,010 per sq.ft, a decrease of 33% from 2012. The value then rose again to Rs 3,000 per sq.ft in 2023, before reaching the current figure of Rs 3,300 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2002 to 2024, the guideline value has increased by 1150%. The register has no figures for revisions in years other than those mentioned.

Guideline values in Perungudi

In Perungudi, there are 249 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, which matches the current guideline value of Nehru Street.

Stamp duty and registration fee for property in Nehru Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to Rs 2,97,000. 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?

The Sub Registrar Office that covers Nehru Street is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find more information, you can find your SRO.

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

The guideline value is a critical factor when registering property transactions in Perungudi. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in assessing the financial implications of the transaction. Buyers need to be aware of the guideline value to understand the costs associated with registration and to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Nehru Street?

The current guideline value of Nehru Street is Rs 3,300 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 264 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 1150% over this period.

What are the other streets in Perungudi with their guideline values?

Other streets in Perungudi include Nehru Nagar 5th Link Road at Rs 5,500 per sq.ft, Nehru Nagar 4th Street at Rs 5,500 per sq.ft, and Nehru Nagar 3rd Main Road at Rs 6,100 per sq.ft among others.

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

For a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 and the registration fee would be Rs 66,000, totaling Rs 2,97,000.

Which office covers the registration for Nehru Street?

The Neelankarai Sub Registrar Office covers the registration for Nehru Street, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.