Guideline Value for Nehru High Road Main

Nehru High Road Main guideline value

The current guideline value of Nehru High Road Main is Rs 2,800 per sq.ft, effective from 1 July 2024. This road is located in Thalakanancherry village under the Alandur SRO, classified as Residential Class II Type - II.

How the guideline value of Nehru High Road Main has changed

Over the years, the guideline value for Nehru High Road Main has seen several revisions. The 2017 revision set the value at Rs 1,675 per sq.ft, which was a decrease of 33% from the previous 2012 figure of Rs 2,500 per sq.ft. In 2023, the value increased to Rs 2,500 per sq.ft, marking a significant rise of 49%. The most recent revision in 2024 has increased the guideline value to Rs 2,800 per sq.ft, reflecting a 12% increase from the 2023 figure.

The register has no figures for the years 2002 and 2003 for this street. The 2007 revision recorded a guideline value of Rs 1,700 per sq.ft, which was a 47% increase from the 2012 value. Overall, from 2007 to 2024, the guideline value has increased by 65%.

Guideline values in Thalakanancherry

In Thalakanancherry, there are 318 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 5,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. Nehru High Road Main's 2024 figure is below this median.

• Nehru Street: Rs 2,800 per sq.ft (2024)
• Nethaji Street: Rs 2,800 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 6th Main Road: Rs 5,000 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 5th Main Road: Rs 5,000 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 46th Street Extension: Rs 3,900 per sq.ft (2024)
• Nanganallur Co-operative Housing Society Colony 46th Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Nehru High Road Main

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total costs together to Rs 2,52,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Nehru High Road Main?

The Sub Registrar Office that covers Nehru High Road Main 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Thalakanancherry. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential to be aware of the current guideline value to ensure compliance with legal requirements during the transaction.

Frequently asked questions

What is the current guideline value of Nehru High Road Main?

The current guideline value of Nehru High Road Main is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes from Rs 1,675 per sq.ft in 2017 to Rs 2,800 per sq.ft in 2024, with notable increases in 2023 and 2024 revisions.

What is the stamp duty for property in Nehru High Road Main?

The stamp duty for property in Nehru High Road Main is 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000.

Where is the Sub Registrar Office for Nehru High Road Main located?

The Sub Registrar Office for Nehru High Road Main is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What is the land classification of Nehru High Road Main?

Nehru High Road Main is classified as Residential Class II Type - II, indicating its designation for residential development.