Guideline Value for NETHAJI ST, KAMARAJAR NAGAR

Nethaji St, Kamarajar Nagar guideline value

The current guideline value of Nethaji St, Kamarajar Nagar is Rs 950 per sq.ft, effective from 1 July 2024. This street is located in Paruthipattu village and falls under the Avadi SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Nethaji St, Kamarajar Nagar has changed

The guideline value for Nethaji St, Kamarajar Nagar has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 900 per sq.ft. This was followed by a decrease to Rs 603 per sq.ft in 2017. In 2023, the value increased to Rs 900 per sq.ft, and the most recent revision in 2024 has set the value at Rs 950 per sq.ft.

From 2017 to 2023, there was a significant increase of 49%. The change from 2023 to 2024 is a 6% increase. Overall, comparing the 2012 figure to the 2024 figure, there has been a modest increase of 6% over the years. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Paruthipattu

In Paruthipattu, there are 486 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,730 per sq.ft, with a median value of Rs 1,625 per sq.ft. The guideline value for Nethaji St, Kamarajar Nagar is below this median.

• Nehru Street Konambedu: Rs 2,050 per sq.ft (2024)
• Nehru Nagar 4th Street: Rs 1,625 per sq.ft (2024)
• Nehru Nagar 3rd Street: Rs 1,625 per sq.ft (2024)
• Nehru Nagar 2nd Street: Rs 1,625 per sq.ft (2024)
• Nehru Nagar 1st Street: Rs 1,625 per sq.ft (2024)
• Nehru Bajar (Commercial): Rs 2,970 per sq.ft (2024)

Stamp duty and registration fee for property in Nethaji St, Kamarajar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 950 per sq.ft, the total guideline value amounts to Rs 9,50,000. The stamp duty at 7% would be Rs 66,500, and the registration fee at 2% would be Rs 19,000, totaling Rs 85,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nethaji St, Kamarajar Nagar?

The Nethaji St, Kamarajar Nagar falls under 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 Paruthipattu

The guideline value is a crucial factor when registering property transactions in Paruthipattu. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in establishing a fair transaction price. It is essential to be aware of the current guideline value to ensure compliance with registration requirements and to avoid any legal issues during the property transfer process.

Frequently asked questions

What is the current guideline value of Nethaji St, Kamarajar Nagar?

The current guideline value of Nethaji St, Kamarajar Nagar is Rs 950 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 950 per sq.ft in 2024.

What is the land classification for Nethaji St, Kamarajar Nagar?

The land classification for Nethaji St, Kamarajar Nagar is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Nethaji St, Kamarajar Nagar?

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

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is 2% of the guideline value. For example, for a 1,000 sq.ft plot, the total guideline value is Rs 9,50,000, resulting in a stamp duty of Rs 66,500 and a registration fee of Rs 19,000.