Guideline Value for NERUJI 4TH STREET

Neruji 4th Street guideline value

The current guideline value of Neruji 4th 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 is classified as Residential Class III Type - II.

How the guideline value of Neruji 4th Street has changed

The guideline value for Neruji 4th Street has seen 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, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly by 49%, reaching Rs 2,500 per sq.ft. The most recent revision in 2024 raised the guideline value to 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, 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 guideline value for these streets is Rs 2,700 per sq.ft, which is equal to the 2024 figure for Neruji 4th Street.

• Neruji 3rd Street: Rs 2,700 per sq.ft (2024)
• Neruji 2nd 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 4th 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, bringing the total fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Neruji 4th Street?

The Sub Registrar Office that covers Neruji 4th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value plays a crucial role when buying or selling property in Perambur. It serves as a reference point for determining the stamp duty and registration fees applicable during the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the necessary fees, which are essential for the legal transfer of property ownership. This ensures that all transactions are conducted transparently and in accordance with the law.

Frequently asked questions

What is the current guideline value of Neruji 4th Street?

The current guideline value of Neruji 4th 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 2023 to Rs 2,700 per sq.ft in 2024. It increased from Rs 1,675 per sq.ft in 2017 to Rs 2,500 per sq.ft in 2023, and there was a decrease from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017.

What is the land classification for Neruji 4th Street?

Neruji 4th Street is classified as Residential Class III Type - II, which indicates its suitability for residential development.

What are the stamp duty and registration fees for properties in Neruji 4th Street?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot at the current guideline value, the total fees would amount to Rs 2,43,000.

Where is the Sub Registrar Office for Neruji 4th Street located?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, and it covers Neruji 4th Street.