Guideline Value for NEHRU ST

Nehru St guideline value

The current guideline value of Nehru St in Srikaligapuram village is Rs 150 per sq.ft, effective from 1 July 2024. This street falls under the Ramakrishna Rajupettai SRO and is classified as Residential Class I Type - I.

How the guideline value of Nehru St has changed

Looking at the historical revisions, the guideline value for Nehru St has seen significant changes over the years. The 2007 revision set the value at Rs 40 per sq.ft, which increased to Rs 75 per sq.ft in 2012. However, there was a decrease to Rs 50 per sq.ft in 2017. The guideline value then saw a substantial increase of 200% to Rs 150 per sq.ft in the 2023 revision, which remains unchanged in the 2024 revision.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 275%.

Guideline values in Srikaligapuram

In Srikaligapuram, there are 17 streets under the Ramakrishna Rajupettai SRO that carry a 2024 guideline value, all set at Rs 150 per sq.ft. The median value for these streets is also Rs 150 per sq.ft, placing Nehru St at the median value for the area.

• Post Office St: Rs 150 per sq.ft (2024)
• Madam St: Rs 150 per sq.ft (2024)
• Ramar Kovil St: Rs 150 per sq.ft (2024)
• Road St: Rs 150 per sq.ft (2024)
• Kirubanantha Variyar St: Rs 150 per sq.ft (2024)
• Santhu St: Rs 150 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 150 per sq.ft, the total guideline value amounts to Rs 1,50,000. The stamp duty at 7% would be Rs 10,500, and the registration fee at 2% would be Rs 3,000, making the total charges Rs 13,500. 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 St?

The Sub Registrar Office that covers Nehru St is the Ramakrishna Rajupettai Sub Registrar Office, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Srikaligapuram. It serves as a benchmark for the minimum price at which properties can be registered, ensuring transparency and fairness in property dealings.

When buying or selling property, the guideline value helps in determining the applicable stamp duty and registration fees. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price, which can significantly impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Nehru St?

The current guideline value of Nehru St is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 40 per sq.ft in 2007 to Rs 150 per sq.ft in 2024, marking an overall increase of 275% since 2007.

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

For a property valued at Rs 1,50,000, the stamp duty would be Rs 10,500 and the registration fee would be Rs 3,000, totaling Rs 13,500.

Which Sub Registrar Office covers Nehru St?

The Ramakrishna Rajupettai Sub Registrar Office covers Nehru St, located at Pallipattu Road, Rk Pettai 631 303, Chennai registration zone.

How is the guideline value used in property transactions?

The guideline value is used to determine the minimum registration price for properties, which affects the stamp duty and registration fees applicable during transactions.