Guideline Value for Nehru Nagar 3rd Street

Nehru Nagar 3rd Street guideline value

The current guideline value of Nehru Nagar 3rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the jurisdiction of the Ambattur SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Nehru Nagar 3rd Street has changed

The guideline value for Nehru Nagar 3rd Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 2,000 per sq.ft, and the latest revision in 2024 has raised it to Rs 2,200 per sq.ft.

From 2017 to 2023, there was a significant increase of 49%. The value increased by 10% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,400 to Rs 8,209 per sq.ft, with a median value of Rs 3,600 per sq.ft. Nehru Nagar 3rd Street's 2024 guideline value is below this median.

• Nehru Nagar 4rd Street: Rs 2,200 per sq.ft (2024)
• Nehru Nagar 2nd Street: Rs 2,200 per sq.ft (2024)
• Nehru Nagar 1st Street: Rs 2,200 per sq.ft (2024)
• Nehru Nagar Main Road: Rs 2,200 per sq.ft (2024)
• Nathela sampath chetty Street: Rs 4,000 per sq.ft (2024)
• Nethaji Street (Ramapuram): Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Nehru Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total to Rs 1,98,000. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Nehru Nagar 3rd Street?

The Sub Registrar Office that covers Nehru Nagar 3rd Street is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Ambattur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid at the time of registration. This ensures that the transaction is recorded accurately in the official register.

Additionally, the guideline value serves as a benchmark for property transactions, helping to maintain transparency and consistency in the real estate market. Buyers and sellers should be aware of the current guideline value to ensure they are paying the correct fees during the registration process.

Frequently asked questions

What is the current guideline value of Nehru Nagar 3rd Street?

The current guideline value of Nehru Nagar 3rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification for Nehru Nagar 3rd Street?

The land classification for Nehru Nagar 3rd Street is Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Nehru Nagar 3rd Street?

The Sub Registrar Office for Nehru Nagar 3rd Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur - 600 053, Chennai registration zone.

How is the stamp duty calculated for property transactions in Nehru Nagar 3rd Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,54,000.