Guideline Value for Nehru Nagar 4rd Street

Nehru Nagar 4rd Street guideline value

The current guideline value of Nehru Nagar 4rd Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Ambattur village, under the Ambattur SRO, and is classified as Residential Class IV Type - I.

How the guideline value of Nehru Nagar 4rd Street has changed

The guideline value for Nehru Nagar 4rd Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which later dropped 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 2024 revision has raised it further to Rs 2,200 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, the guideline value decreased by 33%, while it increased by 49% from 2017 to 2023. The transition from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Ambattur

In Ambattur village, there are 448 streets under the Ambattur SRO carrying a 2024 guideline value, ranging from Rs 1,400 to Rs 8,209 per sq.ft. The median guideline value is Rs 3,600 per sq.ft, placing Nehru Nagar 4rd Street's value below this median.

• Nehru Nagar 3rd 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 4rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to 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 the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Nehru Nagar 4rd Street?

The Sub Registrar Office that covers Nehru Nagar 4rd 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 details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Ambattur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is considered alongside the sale price, with the higher of the two being used to calculate the applicable duties. This ensures that the registration process is aligned with the current market standards as reflected in the guideline value.

Frequently asked questions

What is the current guideline value of Nehru Nagar 4rd Street?

The current guideline value of Nehru Nagar 4rd 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 increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What are the other streets in Ambattur with the same guideline value?

Other streets in Ambattur with the same guideline value of Rs 2,200 per sq.ft in 2024 include Nehru Nagar 1st Street, Nehru Nagar 2nd Street, Nehru Nagar 3rd Street, and Nehru Nagar Main Road.

What is the registration fee for property in Nehru Nagar 4rd Street?

The registration fee for property in Nehru Nagar 4rd Street is calculated based on the guideline value, which is Rs 2,200 per sq.ft. For a 1,000 sq.ft plot, the total registration fee would be Rs 44,000.

Where is the Sub Registrar Office for Nehru Nagar 4rd Street located?

The Sub Registrar Office for Nehru Nagar 4rd Street is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.