Guideline Value for NETTAL GARDEN 2ND LANE

Nettal Garden 2nd Lane guideline value

The current guideline value of Nettal Garden 2nd Lane is Rs 5,400 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the jurisdiction of the Purasaivakkam SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Nettal Garden 2nd Lane has changed

The guideline value for Nettal Garden 2nd Lane has seen significant changes over the years. In 2002, the value was Rs 435 per sq.ft, which increased to Rs 477 per sq.ft in 2003, marking a 10% rise. The value continued to rise, reaching Rs 700 per sq.ft in 2007, a 47% increase from the previous revision. By 2017, the value surged to Rs 3,350 per sq.ft, reflecting a remarkable 379% increase from 2007. The next revision in 2023 set the value at Rs 5,000 per sq.ft, which was a 49% increase from 2017.

The most recent revision in 2024 has further increased the guideline value to Rs 5,400 per sq.ft, which is an 8% rise from 2023. It is important to note that there is no figure available for the year 2012 in the register for this street.

Guideline values in Perambur

In Perambur village, the guideline values for 2024 range from Rs 1,600 to Rs 7,100 per sq.ft across 1,114 streets under the Purasaivakkam SRO, with a median value of Rs 2,700 per sq.ft. Nettal Garden 2nd Lane's 2024 figure of Rs 5,400 per sq.ft is above the median.

• Nettal Garden 1st Street: Rs 5,400 per sq.ft (2024)
• Nettal Garden 2nd Street: Rs 5,400 per sq.ft (2024)
• Nettal Garden 1st Lane: Rs 5,400 per sq.ft (2024)
• Nettal Garden Street: Rs 5,400 per sq.ft (2024)
• Nethaji Street: Rs 3,200 per sq.ft (2024)
• New Farrons Road: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Nettal Garden 2nd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 5,400 per sq.ft, the total guideline value would be Rs 54,00,000. The stamp duty at 7% would amount to Rs 3,78,000, and the registration fee at 2% would be Rs 1,08,000, bringing the total fees to Rs 4,86,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nettal Garden 2nd Lane?

The Nettal Garden 2nd Lane area falls under the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For more information, you can find your SRO.

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

The guideline value is a crucial factor during property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the registration fees and stamp duty are calculated based on this guideline value, ensuring that the transaction is recorded accurately.

Frequently asked questions

What is the current guideline value of Nettal Garden 2nd Lane?

The current guideline value of Nettal Garden 2nd Lane is Rs 5,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 435 per sq.ft in 2002 to Rs 5,400 per sq.ft in 2024, reflecting an overall increase of 1,141% over this period.

What are the stamp duty rates for property transactions in Nettal Garden 2nd Lane?

The stamp duty rate for property transactions in Nettal Garden 2nd Lane is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Nettal Garden 2nd Lane located?

The Purasaivakkam Sub Registrar Office, which covers Nettal Garden 2nd Lane, is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

What is the median guideline value for streets in Perambur?

The median guideline value for streets in Perambur is Rs 2,700 per sq.ft, with Nettal Garden 2nd Lane's value of Rs 5,400 per sq.ft being above this median.