Guideline Value for NETHAJI STREET (WARD -8)

Nethaji Street (Ward -8) guideline value

The current guideline value of Nethaji Street (Ward -8) is Rs 1,320 per sq.ft, effective from 1 July 2024. This street is located in Peramanoor village and falls under the Chengleput Joint II SRO. The land classification for this area is Residential Special Type - V.

How the guideline value of Nethaji Street (Ward -8) has changed

The guideline value for Nethaji Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft, which was then reduced to Rs 804 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the most recent revision in 2024 has further increased it to Rs 1,320 per sq.ft. The changes between these revisions include a 10% increase from 2023 to 2024, a 49% increase from 2017 to 2023, and a 33% decrease from 2012 to 2017.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO that carry a 2024 guideline value ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for these streets is Rs 1,100 per sq.ft, positioning Nethaji Street's 2024 figure above this median.

• New Balaji Nagar Barathiar Street (Ward -3): Rs 990 per sq.ft (2024)
• Nh2 Extension (Ward -7): Rs 1,320 per sq.ft (2024)
• Nirmal Nagar (Per): Rs 661 per sq.ft (2024)
• Nvignesh Nagar Ninnaikarai (Ward -19): Rs 661 per sq.ft (2024)
• Nanthanar Street (Ward -7): Rs 1,760 per sq.ft (2024)
• Nanmullaiyar Street (Ward -7): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Nethaji Street (Ward -8)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty, charged at 7%, would be Rs 92,400, while the registration fee at 2% would be Rs 26,400, bringing the total charges to Rs 1,18,800. 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 details.

Which Sub Registrar Office covers Nethaji Street (Ward -8)?

Nethaji Street (Ward -8) is covered by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Peramanoor. It is used to determine the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value is an important factor that influences the overall cost of property transactions.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration fees reflect the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Nethaji Street (Ward -8)?

The current guideline value of Nethaji Street (Ward -8) is Rs 1,320 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,320 per sq.ft in 2024.

What are the other streets with guideline values in Peramanoor?

Other streets in Peramanoor include New Balaji Nagar Barathiar Street, Nh2 Extension, Nirmal Nagar, Nvignesh Nagar Ninnaikarai, Nanthanar Street, and Nanmullaiyar Street, each with their respective guideline values.

What is the registration fee for property in Nethaji Street (Ward -8)?

The registration fee for property in Nethaji Street is calculated at 2% of the guideline value. For a plot of 1,000 sq.ft, this would amount to Rs 26,400.

Where can I find the Sub Registrar Office for Nethaji Street (Ward -8)?

The Sub Registrar Office covering Nethaji Street (Ward -8) is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details online.