Guideline Value for NEHRU ST

Nehru St guideline value

The current guideline value of Nehru St in Thandurai village is Rs 988 per sq.ft, effective from 1 July 2024. This street falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Nehru St has changed

The guideline value for Nehru St has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which then decreased to Rs 603 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 900 per sq.ft, and the latest 2024 revision raised it further to Rs 988 per sq.ft. The register has no figure for this street in the years 2002, 2003, and 2007.

From 2017 to 2023, there was a significant increase of 49%, followed by a 10% increase from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thandurai

In Thandurai village, there are 331 streets under the Avadi SRO, with the 2024 guideline values ranging from Rs 800 to Rs 2,640 per sq.ft. The median value for these streets is Rs 988 per sq.ft, which is the same as the guideline value for Nehru St.

• Nehru St 1st Cross St (Gandhi Nagar): Rs 988 per sq.ft (2024)
• Nehru St 2nd Cross St (Gnadhi Nagar): Rs 988 per sq.ft (2024)
• Nehru St 3rd Cross St (Gnadhi Nagar): Rs 988 per sq.ft (2024)
• Nehru St 4th Cross St (Gnadhi Nagar): Rs 988 per sq.ft (2024)
• Nehru St 5th Cross St (Gnadhi Nagar): Rs 988 per sq.ft (2024)
• Nehru St 6th Cross St (Gnadhi Nagar): Rs 988 per sq.ft (2024)

Stamp duty and registration fee for property in Nehru St

For a 1,000 sq.ft plot at the current guideline value of Rs 988 per sq.ft, the total guideline value would be Rs 9,88,000. The stamp duty at 7% would amount to Rs 69,160, while the registration fee at 2% would be Rs 19,760. Together, the total cost for stamp duty and registration fee would be Rs 88,920. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nehru St?

Nehru St is covered by 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 Thandurai

The guideline value is a critical factor in the registration process when buying or selling property in Thandurai. It determines the amount of stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value serves as a baseline for calculating these fees. Buyers should be aware that the duty is charged on the higher of the guideline value and the sale price to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Nehru St?

The current guideline value of Nehru St is Rs 988 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then back to Rs 900 per sq.ft in 2023, and finally to Rs 988 per sq.ft in 2024.

What is the land classification for Nehru St?

Nehru St is classified as Residential Class II Type - I under the Avadi SRO.

What are the other streets in Thandurai with the same guideline value?

Several other streets in Thandurai have the same guideline value of Rs 988 per sq.ft, including Nehru St 1st Cross St, Nehru St 2nd Cross St, Nehru St 3rd Cross St, Nehru St 4th Cross St, Nehru St 5th Cross St, and Nehru St 6th Cross St.

Where can I find the Sub Registrar Office for Nehru St?

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