Guideline Value for Nehru Colony 19th Street

Nehru Colony 19th Street guideline value

The current guideline value of Nehru Colony 19th Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Nanganallur village under the Alandur SRO, classified as Residential Class I Type - III.

How the guideline value of Nehru Colony 19th Street has changed

The guideline value for Nehru Colony 19th Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 478 per sq.ft. This increased to Rs 543 per sq.ft in 2003, marking a 14% rise. The value continued to increase significantly, reaching Rs 1,200 per sq.ft in 2007, which was a 121% increase from the previous revision. In 2012, the value was Rs 3,000 per sq.ft, reflecting a substantial 150% increase from 2007, but then it decreased to Rs 2,010 per sq.ft in 2017, showing a decline of 33%.

From 2017 to 2023, the guideline value rose to Rs 3,000 per sq.ft, which was a 49% increase. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, marking a 10% increase from the previous year. There are no figures available for any other revisions for this street.

Guideline values in Nanganallur

In Nanganallur, there are 155 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 6,600 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, placing Nehru Colony 19th Street's 2024 figure below that median.

• Nehru Colony 18th Street: Rs 3,300 per sq.ft (2024)
• Nehru Colony 1st Street: Rs 3,300 per sq.ft (2024)
• Nehru Colony 17th Street: Rs 3,300 per sq.ft (2024)
• Nehru Colony 20th Street: Rs 3,300 per sq.ft (2024)
• Nehru Colony 16th Street: Rs 3,300 per sq.ft (2024)
• Nehru Colony 21st Street: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Nehru Colony 19th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total 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.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nehru Colony 19th Street?

The Sub Registrar Office that covers Nehru Colony 19th Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a critical aspect when buying or selling property in Nanganallur. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers should be aware that the guideline value can affect the stamp duty and registration fees they will need to pay.

When a property is registered, the guideline value is used to assess the applicable stamp duty and registration fees. This ensures that all transactions are in line with the officially recognized values, providing transparency in property dealings.

Frequently asked questions

What is the current guideline value of Nehru Colony 19th Street?

The current guideline value of Nehru Colony 19th Street 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 478 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, showing an overall increase of 590% over the years.

What is the median guideline value for streets in Nanganallur?

The median guideline value for streets in Nanganallur is Rs 3,900 per sq.ft, which is above the current value of Nehru Colony 19th Street.

What are the stamp duty and registration fees for properties in Nehru Colony 19th Street?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 2,97,000.

Where is the Sub Registrar Office for Nehru Colony 19th Street located?

The Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061, under the Alandur registration zone.