Guideline Value for Nehru Nagar Loganathan Street

Nehru Nagar Loganathan Street guideline value

The current guideline value of Nehru Nagar Loganathan Street is Rs 1,960 per sq.ft, effective from 1 July 2024. This street is located in Nanmangalam village under the Pallavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Nehru Nagar Loganathan Street has changed

The guideline value for Nehru Nagar Loganathan Street has seen several revisions over the years. Starting from Rs 86 per sq.ft in 2002, it increased to Rs 122 per sq.ft in 2003, marking a 42% rise. The value then surged significantly to Rs 300 per sq.ft in 2007, which was a 146% increase. In 2012, the value remained at Rs 1,800 per sq.ft, but it dropped to Rs 1,206 per sq.ft in 2017, reflecting a decrease of 33%.

From 2017 to 2023, the guideline value jumped to Rs 1,800 per sq.ft, which was a 49% increase. The most recent revision in 2024 has set the value at Rs 1,960 per sq.ft, indicating a 9% increase from the previous year. There are no figures available for the revisions of this street prior to 2002 or after 2024.

Guideline values in Nanmangalam

In Nanmangalam, there are 139 streets under the Pallavaram SRO that carry a 2024 guideline value ranging from Rs 1,960 to Rs 3,850 per sq.ft, with a median value of Rs 2,750 per sq.ft. Nehru Nagar Loganathan Street's 2024 figure is below this median.

• Nehru Nagar: Rs 1,960 per sq.ft (2024)
• Nesamani Street: Rs 1,960 per sq.ft (2024)
• Naprat Nagar: Rs 1,960 per sq.ft (2024)
• Nandagopal Nagar: Rs 2,750 per sq.ft (2024)
• Muthiah Nagar: Rs 1,980 per sq.ft (2024)
• M.R.Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Nehru Nagar Loganathan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,960 per sq.ft, the total guideline value amounts to Rs 19,60,000. The stamp duty at 7% would be Rs 1,37,200, and the registration fee at 2% would be Rs 39,200, bringing the total to Rs 1,76,400. It is important to note that the 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 Nehru Nagar Loganathan Street?

The Sub Registrar Office that covers Nehru Nagar Loganathan Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nanmangalam. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Nehru Nagar Loganathan Street?

The current guideline value of Nehru Nagar Loganathan Street is Rs 1,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 86 per sq.ft in 2002 to Rs 1,960 per sq.ft in 2024, reflecting an overall increase of 2,179% over the years.

What is the land classification for Nehru Nagar Loganathan Street?

Nehru Nagar Loganathan Street is classified as Residential Class II Type - I under the Pallavaram SRO.

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

For a property valued at Rs 19,60,000, the stamp duty would be Rs 1,37,200 and the registration fee would be Rs 39,200, totaling Rs 1,76,400.

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

The Pallavaram Sub Registrar Office covers Nehru Nagar Loganathan Street, and you can find more information about it by visiting the appropriate link to find your SRO.