Guideline Value for NETTAL GARDEN STREET

Nettal Garden Street guideline value

The current guideline value of Nettal Garden Street is Rs 5,400 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class I Type - I.

How the guideline value of Nettal Garden Street has changed

The guideline value of Nettal Garden Street 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. Following that, the value rose to Rs 700 per sq.ft in 2007, an increase of 47%. The value then surged dramatically to Rs 5,000 per sq.ft in 2012, reflecting a substantial 614% increase. However, it dropped to Rs 3,350 per sq.ft in 2017, a decrease of 33%. The value then climbed to Rs 5,000 per sq.ft in 2023, followed by a further increase to Rs 5,400 per sq.ft in 2024, representing an 8% rise.

Overall, from 2002 to 2024, the guideline value has increased by 1,141%. There are no figures available for the years not mentioned in the register for this street.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO, with guideline values for 2024 ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, and Nettal Garden Street's 2024 figure is above this median.

• Nettal Garden 2nd Street: Rs 5,400 per sq.ft (2024)
• Nettal Garden 2nd Lane: Rs 5,400 per sq.ft (2024)
• Nettal Garden 1st Street: Rs 5,400 per sq.ft (2024)
• Nettal Garden 1st Lane: 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 Street

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, charged at 7%, would amount to Rs 3,78,000, and the registration fee, charged at 2%, would be Rs 1,08,000. Together, these fees would total Rs 4,86,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nettal Garden Street?

The Sub Registrar Office covering Nettal Garden Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Perambur. It serves as a benchmark for determining the minimum value of the property, ensuring that the transaction is recorded accurately in the official register.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both the buyer and seller comply with the legal requirements set forth by the government.

Frequently asked questions

What is the current guideline value of Nettal Garden Street?

The current guideline value of Nettal Garden Street 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 changed 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 the years.

What are the stamp duty and registration fees for properties in Nettal Garden Street?

For a property valued at Rs 54,00,000, the stamp duty would be Rs 3,78,000 and the registration fee would be Rs 1,08,000, totaling Rs 4,86,000.

Which Sub Registrar Office covers Nettal Garden Street?

The Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012, covers Nettal Garden Street.

What is the land classification of Nettal Garden Street?

Nettal Garden Street is classified as Residential Class I Type - I, indicating its suitability for residential development.