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Guideline Value

Corporate

Guideline Value for NEW KAMARAJ NAGAR NEHRUJI 4TH STREET

₹2700/sq.ft.

The guideline value for New Kamaraj Nagar Nehruji 4th Street in Perambur village (Purasaivakkam SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class Iii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Perambur

Village

Purasaivakkam

SRO

Residential Class III Type - II
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹550 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹461 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

93/1, Bricklin Road, Otteri, Chennai- 600 012.
044-26623514
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on New Kamaraj Nagar Nehruji 4th Street

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New Kamaraj Nagar Nehruji 4th Street guideline value

The current guideline value of New Kamaraj Nagar Nehruji 4th Street is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Perambur village, under the Purasaivakkam SRO. The land classification for this area is Residential Class III Type - II.

How the guideline value of New Kamaraj Nagar Nehruji 4th Street has changed

The guideline value for New Kamaraj Nagar Nehruji 4th Street has seen several revisions over the years. Starting from Rs 461 per sq.ft in 2003, it increased to Rs 550 per sq.ft in 2007, marking a 19% rise. The value then surged to Rs 2,500 per sq.ft in 2012, reflecting a significant increase of 355%. However, it dropped to Rs 1,675 per sq.ft in 2017, a decrease of 33%. The value then climbed to Rs 2,500 per sq.ft in 2023, followed by an 8% increase to the current rate of Rs 2,700 per sq.ft in 2024.

Overall, from 2003 to 2024, the guideline value has increased by 486%. It is important to note that the register has no figure for this street in 2002.

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 is equal to the current guideline value for New Kamaraj Nagar Nehruji 4th Street.

Stamp duty and registration fee for property in New Kamaraj Nagar Nehruji 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to 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, bringing the total to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers New Kamaraj Nagar Nehruji 4th Street?

The Sub Registrar Office that covers New Kamaraj Nagar Nehruji 4th 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 critical factor during the registration of property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When buying or selling property, it is essential to consider the guideline value, as it influences the overall cost of the transaction. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of New Kamaraj Nagar Nehruji 4th Street?

The current guideline value of New Kamaraj Nagar Nehruji 4th 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 in 2003 to Rs 2,700 in 2024, reflecting an overall increase of 486% over the years.

What is the land classification for New Kamaraj Nagar Nehruji 4th Street?

The land classification for New Kamaraj Nagar Nehruji 4th Street is Residential Class III Type - II.

Where can I find the Sub Registrar Office for New Kamaraj Nagar Nehruji 4th Street?

The Sub Registrar Office for New Kamaraj Nagar Nehruji 4th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for property in New Kamaraj Nagar Nehruji 4th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 at 7%.