Guideline Value

Corporate

Guideline Value for Nehru Nagar 1st Main Road

₹9400/sq.ft.

The guideline value for Nehru Nagar 1st Main Road in Pallipattu village (Adayar SRO, Chennai zone) is Rs 9400 per sq.ft, effective 1 July 2024. It was Rs 8500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallipattu

Village

Adayar

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹9400 /sq.ft.
From 1-4-2023 ₹8500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5695 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8500 /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 9,400 per sq.ft, effective from 1 July 2024. This street is located in Pallipattu village under the Adayar SRO, and it falls under the land classification of Residential Special Type - I.

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

Starting from the 2012 revision, the guideline value for Nehru Nagar 1st Main Road was Rs 8,500 per sq.ft. This figure remained until the 2017 revision, where it decreased to Rs 5,695 per sq.ft. However, from 2017 to 2023, the value increased significantly to Rs 8,500 per sq.ft, marking a 49% rise. The 2023 revision saw the guideline value rise to Rs 9,400 per sq.ft, which represents an 11% increase from the previous year.

From the 2012 revision to the current 2024 revision, the overall change is an increase of 11%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Pallipattu

In Pallipattu, there are 72 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value for these streets is Rs 9,400 per sq.ft, which is equal to the current guideline value of Nehru Nagar 1st Main Road.

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 9,400 per sq.ft, the total guideline value would be Rs 94,00,000. The stamp duty at 7% would be Rs 6,58,000, and the registration fee at 2% would be Rs 1,88,000, making the total Rs 8,46,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

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

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

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

The guideline value is an important reference point when buying or selling property in Pallipattu. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers should be aware that the guideline value may influence the overall cost of the transaction.

When a property is registered, the stamp duty is calculated based on the higher of the guideline value or the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

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 9,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, starting from Rs 8,500 per sq.ft in 2012 to Rs 5,695 per sq.ft in 2017. It then increased to Rs 8,500 per sq.ft in 2023 and is currently Rs 9,400 per sq.ft in 2024.

What is the land classification for Nehru Nagar 1st Main Road?

Nehru Nagar 1st Main Road falls under the land classification of Residential Special Type - I.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone.

What is the significance of the guideline value when buying property?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It serves as a reference point for determining the costs associated with buying or selling property in the area.