Guideline Value

Corporate

Guideline Value for Nehru Nagar 1st Main Road

₹4401/sq.ft.

The guideline value for Nehru Nagar 1st Main Road in Kottivakkam village (Adayar SRO, Chennai zone) is Rs 4401 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Industries Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottivakkam

Village

Adayar

SRO

Industries Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹4401 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

51, Kamaraj Avenue,second Street, Adyar, Chennai-20
044-24415011
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Nehru Nagar 1st Main Road

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Nehru Nagar 1st Main Road guideline value

The current guideline value of Nehru Nagar 1st Main Road is Rs 4,401 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village under the Adayar SRO, with a land classification of Industries Special Type - I.

How the guideline value of Nehru Nagar 1st Main Road has changed

The guideline value for Nehru Nagar 1st Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which then decreased to Rs 2,680 per sq.ft in the 2017 revision. Following this, the value rose significantly to Rs 4,000 per sq.ft in the 2023 revision, and finally to Rs 4,401 per sq.ft in the 2024 revision. Notably, there are no figures available for the revisions in 2002, 2003, and 2007.

Between the revisions, the changes are as follows: from 2012 to 2017, the value decreased by 33%. However, from 2017 to 2023, there was a substantial increase of 49%. The value then increased by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO with a 2024 guideline value range from Rs 1,700 to Rs 8,500 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, placing Nehru Nagar 1st Main Road above this median.

Stamp duty and registration fee for property in Nehru Nagar 1st Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,401 per sq.ft, the total guideline value would be Rs 44,01,000. The stamp duty at 7% would amount to Rs 3,08,070, and the registration fee at 2% would be Rs 88,020, bringing the total to Rs 3,96,090. Please note that duty is charged on the higher of the guideline value and the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nehru Nagar 1st Main Road?

The Sub Registrar Office covering Nehru Nagar 1st Main Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Kottivakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value or the sale price is considered, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct revenue based on the property's worth.

Frequently asked questions

What is the current guideline value of Nehru Nagar 1st Main Road?

The current guideline value of Nehru Nagar 1st Main Road is Rs 4,401 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then back to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,401 per sq.ft in 2024. There are no figures available for the revisions in 2002, 2003, and 2007.

What is the median guideline value for streets in Kottivakkam?

The median guideline value for streets in Kottivakkam is Rs 3,900 per sq.ft, with Nehru Nagar 1st Main Road being above this median at Rs 4,401 per sq.ft.

What are the stamp duty and registration fees for properties in Nehru Nagar 1st Main Road?

For a property valued at Rs 44,01,000, the stamp duty would be Rs 3,08,070 and the registration fee would be Rs 88,020, totaling Rs 3,96,090. Duty is charged on the higher of the guideline value and the sale price.

Where is the Sub Registrar Office for Nehru Nagar 1st Main Road located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, covering Nehru Nagar 1st Main Road.