Guideline Value for NEHRU ST

Nehru St guideline value

The current guideline value of Nehru St in Vilingiyambakkam village is Rs 800 per sq.ft, effective from 1 July 2024. This street falls under the Avadi SRO and is classified as Residential Class II Type - I.

How the guideline value of Nehru St has changed

In the 2012 revision, the guideline value was set at Rs 750 per sq.ft. This figure decreased to Rs 502 per sq.ft in the 2017 revision, marking a decline of 33%. The value then increased significantly to Rs 800 per sq.ft in the 2023 revision, reflecting a 59% increase from the 2017 figure. The guideline value remained unchanged at Rs 800 per sq.ft in the 2024 revision.

There are no figures available for the years 2002, 2003, and 2007 in the register for Nehru St. Overall, from 2012 to 2024, the guideline value has increased by 7%.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft, with a median of Rs 935 per sq.ft. Nehru St's 2024 guideline value is below this median.

• Nehru Colony: Rs 800 per sq.ft (2024)
• Neduncheliyan St: Rs 935 per sq.ft (2024)
• Nethaji St: Rs 935 per sq.ft (2024)
• Natarajan St: Rs 935 per sq.ft (2024)
• N.M.Road: Rs 2,910 per sq.ft (2024)
• Nandavana Mettur Main Road: Rs 1,310 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 800 per sq.ft, the total guideline value amounts to Rs 8,00,000. The stamp duty at 7% would be Rs 56,000, and the registration fee at 2% would be Rs 16,000, bringing the total cost for these fees to Rs 72,000. It's important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nehru St?

The Sub Registrar Office that covers Nehru St is 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 Vilingiyambakkam

The guideline value is a crucial factor in property transactions in Vilingiyambakkam, as it determines the minimum value at which properties can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher.

When a property is sold, the buyer must pay the applicable stamp duty and registration fees based on the guideline value set for the property. This ensures that the transaction is recorded officially, and the government receives the necessary revenue from property transactions.

Frequently asked questions

What is the current guideline value of Nehru St?

The current guideline value of Nehru St is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes: from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then increasing to Rs 800 per sq.ft in both 2023 and 2024.

What is the classification of Nehru St?

Nehru St is classified as Residential Class II Type - I according to the guidelines set by the Avadi SRO.

Which office handles registrations for Nehru St?

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

How do I calculate stamp duty and registration fees for property on Nehru St?

To calculate stamp duty and registration fees for property on Nehru St, use the guideline value of Rs 800 per sq.ft. For example, for a 1,000 sq.ft plot, the total guideline value would be Rs 8,00,000, with stamp duty at 7% and registration fee at 2% calculated accordingly.