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Guideline Value

Corporate

Guideline Value for Nehru Nagar 2nd Cross Street

₹7700/sq.ft.

The guideline value for Nehru Nagar 2nd Cross Street in Pallipattu village (Adayar SRO, Chennai zone) is Rs 7700 per sq.ft, effective 1 July 2024. It was Rs 7000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallipattu

Village

Adayar

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹7700 /sq.ft.
From 1-4-2023 ₹7000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4690 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹3500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1491 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
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 2nd Cross Street

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Nehru Nagar 2nd Cross Street guideline value

The current guideline value of Nehru Nagar 2nd Cross Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Pallipattu village, under the Adayar SRO, and is classified as Residential Special Type - II.

How the guideline value of Nehru Nagar 2nd Cross Street has changed

Over the years, the guideline value of Nehru Nagar 2nd Cross Street has seen several revisions. The earliest recorded figure is from 2003, where it was Rs 1,491 per sq.ft. This value increased significantly by 135% to Rs 3,500 per sq.ft in 2007. The value then doubled to Rs 7,000 per sq.ft in 2012, but saw a decrease of 33% to Rs 4,690 per sq.ft in 2017. Following this, the value rose by 49% to Rs 7,000 per sq.ft in 2023, and finally increased by 10% to the current rate of Rs 7,700 per sq.ft in 2024.

It is important to note that the register has no figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 416%.

Guideline values in Pallipattu

Pallipattu village has a range of guideline values across its 72 streets under the Adayar SRO, with values varying from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value in this area is Rs 9,400 per sq.ft, which means that Nehru Nagar 2nd Cross Street's 2024 figure is below that median.

Stamp duty and registration fee for property in Nehru Nagar 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, making the total charges together Rs 6,93,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nehru Nagar 2nd Cross Street?

The Sub Registrar Office that covers Nehru Nagar 2nd Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can find your SRO.

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

The guideline value is a crucial factor when registering a property in Pallipattu. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable during the transaction.

When buying or selling property, it is essential to be aware of the current guideline value, as it influences the overall cost of the transaction. Buyers should ensure that they are informed about the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Nehru Nagar 2nd Cross Street?

The current guideline value of Nehru Nagar 2nd Cross Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,491 per sq.ft in 2003 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 416% over this period.

What are the other streets in Pallipattu with their guideline values?

Other streets in Pallipattu include Nehru Nagar 1st Street, Nehru Nagar 2nd Main Road, Nehru Nagar 1st Main Road, Nehru Nagar 2nd Street, and Nehru Nagar 1st Cross Street, with values ranging from Rs 7,700 to Rs 9,400 per sq.ft in 2024.

What is the stamp duty and registration fee for properties in this area?

For a property valued at Rs 77,00,000, the stamp duty would be Rs 5,39,000 and the registration fee would be Rs 1,54,000, totaling Rs 6,93,000. The duty is charged on the higher of the guideline value or the sale price.

Which office handles the registration of properties in Nehru Nagar 2nd Cross Street?

The registration of properties in Nehru Nagar 2nd Cross Street is handled by the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.