Guideline Value for Nehru Nagar 4th Main Road

Nehru Nagar 4th Main Road guideline value

The current guideline value of Nehru Nagar 4th 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 is classified as Residential Special Type - I.

How the guideline value of Nehru Nagar 4th Main Road has changed

The guideline value for Nehru Nagar 4th Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 8,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 5,695 per sq.ft. The 2023 revision increased the value to Rs 8,500 per sq.ft, and the latest 2024 revision has raised it further to Rs 9,400 per sq.ft, marking an increase of 11% from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. The register contains no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pallipattu

Pallipattu village has 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 is Rs 9,400 per sq.ft, which matches the current guideline value of Nehru Nagar 4th Main Road.

• Nehru Nagar 4th Street: Rs 9,400 per sq.ft (2024)
• Nehru Nagar 3rd Street: Rs 9,400 per sq.ft (2024)
• Nehru Nagar 3rd Main Road: Rs 9,400 per sq.ft (2024)
• Nehru Nagar 2nd Street: Rs 9,400 per sq.ft (2024)
• Nehru Nagar 2nd Main Road: Rs 9,400 per sq.ft (2024)
• Nehru Nagar 2nd Cross Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Nehru Nagar 4th 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 amounts to 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, resulting in a total of Rs 8,46,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Nehru Nagar 4th Main Road?

The Sub Registrar Office that covers Nehru Nagar 4th 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 Pallipattu

The guideline value is crucial when registering property transactions in Pallipattu. It is used to determine the stamp duty and registration fees that buyers and sellers must pay during the registration process.

When a property is sold, the guideline value serves as a reference point for the transaction value, ensuring that the correct fees are assessed based on either the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Nehru Nagar 4th Main Road?

The current guideline value of Nehru Nagar 4th 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 changed from Rs 8,500 per sq.ft in 2023 to Rs 9,400 per sq.ft in 2024, an increase of 11%. From 2017 to 2023, it increased by 49%, and from 2012 to 2017, it decreased by 33%.

What is the land classification for Nehru Nagar 4th Main Road?

Nehru Nagar 4th Main Road is classified as 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.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It serves as a reference for the transaction value, ensuring that the correct fees are assessed based on the higher of the guideline value or the sale price.