Guideline Value for NUTHANJERI JOINT ROAD

Nuthanjeri Joint Road guideline value

The current guideline value of Nuthanjeri Joint Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Vengaivasal village under the Selaiyur SRO, and the land classification is Industries Special Type - I.

How the guideline value of Nuthanjeri Joint Road has changed

The guideline value for Nuthanjeri Joint Road has undergone several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 2,010 per sq.ft. The value remained at Rs 3,000 per sq.ft in 2023, before increasing to Rs 3,300 per sq.ft in the 2024 revision, marking a 10% increase.

Between the 2017 and 2023 revisions, the guideline value increased significantly by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vengaivasal

In Vengaivasal, there are 117 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 4,800 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, making the current value of Nuthanjeri Joint Road above this median.

• Nuthanjeri Link Road: Rs 3,300 per sq.ft (2024)
• Nheru Nagar: Rs 2,200 per sq.ft (2024)
• Nehru Street: Rs 1,650 per sq.ft (2024)
• Paramahamsa Yoganandha Street: Rs 3,700 per sq.ft (2024)
• PARSN SYNERrGY: Rs 2,750 per sq.ft (2024)
• Parthasarathi Nagar: Rs 4,800 per sq.ft (2024)

Stamp duty and registration fee for property in Nuthanjeri Joint Road

For a 1,000 sq.ft plot at the current rate of Rs 3,300 per sq.ft, the guideline value is Rs 33,00,000. The stamp duty at 7% amounts to Rs 2,31,000, and the registration fee at 2% is Rs 66,000, totaling Rs 2,97,000. It is important 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 details.

Which Sub Registrar Office covers Nuthanjeri Joint Road?

The Nuthanjeri Joint Road falls under the jurisdiction of the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Vengaivasal. It is used to determine the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Nuthanjeri Joint Road?

The current guideline value of Nuthanjeri Joint Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, an increase of 10%. It was Rs 2,010 per sq.ft in 2017 and Rs 3,000 per sq.ft in 2012.

What is the median guideline value for streets in Vengaivasal?

The median guideline value for streets in Vengaivasal is Rs 2,700 per sq.ft. Nuthanjeri Joint Road's current value is above this median.

What are the registration fees for property in Nuthanjeri Joint Road?

The registration fees include a stamp duty of 7% and a registration fee of 2% on the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, the total fees amount to Rs 2,97,000.

Which office handles the registration for Nuthanjeri Joint Road?

The Selaiyur Sub Registrar Office handles the registration for Nuthanjeri Joint Road, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.