Guideline Value for NUTHANJERI LINK ROAD

Nuthanjeri Link Road guideline value

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

How the guideline value of Nuthanjeri Link Road has changed

The guideline value for Nuthanjeri Link Road has seen several revisions over the years. The 2017 revision set the value at Rs 2,010 per sq.ft, which increased to Rs 3,000 per sq.ft in 2023. The most recent revision in 2024 raised the value further to Rs 3,300 per sq.ft, marking a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for Nuthanjeri Link Road. The increase from 2017 to 2023 was 49%, reflecting a significant change in the guideline value during that period.

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, with a median value of Rs 2,700 per sq.ft. The guideline value for Nuthanjeri Link Road is above this median.

• Nuthanjeri Joint 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 Link Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost for these fees to 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 our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Nuthanjeri Link Road?

The Sub Registrar Office that covers Nuthanjeri Link Road is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the 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 is a critical factor in the registration process for property transactions in Vengaivasal. It serves as the benchmark for determining the stamp duty and registration fees that need to be paid when a property is sold or purchased.

When buying or selling property, the guideline value ensures that the transaction is recorded accurately and fairly. It helps in assessing the official value of the property, which in turn affects the financial obligations of both the buyer and the seller during the registration process.

Frequently asked questions

What is the current guideline value of Nuthanjeri Link Road?

The current guideline value of Nuthanjeri Link 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 increased from Rs 2,010 per sq.ft in 2017 to Rs 3,300 per sq.ft in 2024, showing a total increase of 64% over this period.

What are the other streets in Vengaivasal with their guideline values?

Other streets in Vengaivasal include Nuthanjeri Joint Road at Rs 3,300 per sq.ft, Nheru Nagar at Rs 2,200 per sq.ft, Nehru Street at Rs 1,650 per sq.ft, Paramahamsa Yoganandha Street at Rs 3,700 per sq.ft, PARSN SYNERrGY at Rs 2,750 per sq.ft, and Parthasarathi Nagar at Rs 4,800 per sq.ft, all for the year 2024.

What is the registration fee for properties in Nuthanjeri Link Road?

The registration fee for properties in Nuthanjeri Link Road is calculated based on the guideline value. For example, for a property valued at Rs 33,00,000, the registration fee would be Rs 66,000 at a rate of 2%.

Where can I find more information about the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can find more information by visiting the provided link to find your SRO.