Guideline Value for NERUJI 3RD STREET

Neruji 3rd Street guideline value

The current guideline value of Neruji 3rd Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, and it falls under the Residential Class III Type - II land classification.

How the guideline value of Neruji 3rd Street has changed

The guideline value for Neruji 3rd Street has undergone several revisions over the years. In 2012, the value was Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 2,500 per sq.ft. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 8%.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO, with guideline values ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, which is equal to the current guideline value of Neruji 3rd Street.

• Neruji 2nd Street: Rs 2,700 per sq.ft (2024)
• Neruji 4th Street: Rs 2,700 per sq.ft (2024)
• Neruji 1st Street: Rs 2,700 per sq.ft (2024)
• Nesavalar Colony: Rs 4,300 per sq.ft (2024)
• Nesavalar Colony 10th Street: Rs 4,300 per sq.ft (2024)
• Nesavalar Colony 11th Street: Rs 4,300 per sq.ft (2024)

Stamp duty and registration fee for property in Neruji 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, making the total cost for these fees Rs 2,43,000. It is important to note that 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 information.

Which Sub Registrar Office covers Neruji 3rd Street?

The Sub Registrar Office that covers Neruji 3rd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is an essential factor during property transactions in Perambur. It serves as the basis for calculating stamp duty and registration fees, ensuring that both buyer and seller comply with legal requirements during the registration process.

When buying or selling property, the guideline value helps determine the official value of the property being transacted. This value is crucial for transparency and fairness in property dealings, as it reflects the government's assessment of property worth in the area.

Frequently asked questions

What is the current guideline value of Neruji 3rd Street?

The current guideline value of Neruji 3rd Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,700 per sq.ft in 2024.

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

Other streets in Perambur with the same guideline value of Rs 2,700 per sq.ft in 2024 include Neruji 1st Street, Neruji 2nd Street, and Neruji 4th Street.

Where is the Sub Registrar Office for Neruji 3rd Street located?

The Sub Registrar Office for Neruji 3rd Street is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for property in Neruji 3rd Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at 7%.