Guideline Value for NEW KAMARAJ NAGAR NEHRUJI 1ST STREET

New Kamaraj Nagar Nehruji 1st Street guideline value

The current guideline value of New Kamaraj Nagar Nehruji 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO, and is classified as Residential Class III Type - II.

How the guideline value of New Kamaraj Nagar Nehruji 1st Street has changed

The guideline value for New Kamaraj Nagar Nehruji 1st Street has seen several revisions over the years. The earliest recorded figure is from 2003, where it was Rs 461 per sq.ft. This increased to Rs 550 per sq.ft in 2007, then surged to Rs 2,500 per sq.ft by 2012. However, it decreased to Rs 1,675 per sq.ft in 2017 before rising to Rs 2,500 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 2,700 per sq.ft, marking an 8% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 486%. Notably, there is no recorded figure for the year 2002 for this street in the register.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO that carry a 2024 guideline value, ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which matches the 2024 figure for New Kamaraj Nagar Nehruji 1st Street.

• New Kamaraj Nagar Nehruji 2nd Street: Rs 2,700 per sq.ft (2024)
• New Kamaraj Nagar Nehruji 3rd Street: Rs 2,700 per sq.ft (2024)
• New Kamaraj Nagar Nehruji 4th Street: Rs 2,700 per sq.ft (2024)
• New Kamaraj Nagar: Rs 2,700 per sq.ft (2024)
• New Farrons Road 4th Lane: Rs 3,300 per sq.ft (2024)
• New Farrons Road 3rd Lane: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in New Kamaraj Nagar Nehruji 1st Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, totaling Rs 2,43,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers New Kamaraj Nagar Nehruji 1st Street?

The Sub Registrar Office that covers New Kamaraj Nagar Nehruji 1st Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a critical factor during the registration of property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, helping to maintain transparency in property dealings. It is essential for buyers and sellers to be aware of the current guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of New Kamaraj Nagar Nehruji 1st Street?

The current guideline value of New Kamaraj Nagar Nehruji 1st Street is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 461 per sq.ft in 2003 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 486% over this period.

What is the land classification of New Kamaraj Nagar Nehruji 1st Street?

New Kamaraj Nagar Nehruji 1st Street is classified as Residential Class III Type - II.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 2,43,000 based on the current guideline value of Rs 27,00,000.

Which office handles property registrations for this street?

The Purasaivakkam Sub Registrar Office handles property registrations for New Kamaraj Nagar Nehruji 1st Street, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.