Guideline Value for NETHAJI ST

Nethaji St guideline value

The current guideline value of Nethaji St in Vilingiyambakkam village is Rs 935 per sq.ft, effective from 1 July 2024. This street falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - II.

How the guideline value of Nethaji St has changed

The guideline value for Nethaji St has seen several revisions over the years. In 2012, the value was Rs 850 per sq.ft, which decreased to Rs 569 per sq.ft in 2017. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value up to Rs 850 per sq.ft. The latest revision in 2024 set the value at Rs 935 per sq.ft, marking a 10% increase from the previous year.

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

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 800 to Rs 4,400 per sq.ft. The median value is Rs 935 per sq.ft, which is the same as the guideline value for Nethaji St.

• Nehru St: Rs 800 per sq.ft (2024)
• Nehru Colony: Rs 800 per sq.ft (2024)
• Neduncheliyan St: Rs 935 per sq.ft (2024)
• N.M.Road: Rs 2,910 per sq.ft (2024)
• Natarajan St: Rs 935 per sq.ft (2024)
• O.C.F.Road: Rs 1,310 per sq.ft (2024)

Stamp duty and registration fee for property in Nethaji St

For a 1,000 sq.ft plot at the current guideline value of Rs 935 per sq.ft, the total guideline value amounts to Rs 9,35,000. The stamp duty at 7% would be Rs 65,450, and the registration fee at 2% would be Rs 18,700, making the total fees Rs 84,150. It is essential 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 more detailed calculations.

Which Sub Registrar Office covers Nethaji St?

Nethaji St is covered by the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions in Vilingiyambakkam. It determines the minimum value at which a property can be registered and affects the stamp duty and registration fees payable at the time of the transaction.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and transparently, reflecting the official value set by the authorities.

Frequently asked questions

What is the current guideline value of Nethaji St?

The current guideline value of Nethaji St is Rs 935 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times: from Rs 850 per sq.ft in 2012 to Rs 569 per sq.ft in 2017, then to Rs 850 per sq.ft in 2023, and finally to Rs 935 per sq.ft in 2024.

What is the land classification for Nethaji St?

Nethaji St is classified as Residential Class II Type - II under the Avadi SRO.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 84,150.

Which office handles registrations for Nethaji St?

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