Guideline Value for Nehru Nagar Kamaraj Street

Nehru Nagar Kamaraj Street guideline value

The current guideline value of Nehru Nagar Kamaraj Street is Rs 4,401 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village, under the Adayar SRO, and is classified as Industries Special Type - I.

How the guideline value of Nehru Nagar Kamaraj Street has changed

The guideline value for Nehru Nagar Kamaraj Street has seen several revisions over the years. The 2012 revision set the value at Rs 4,000 per sq.ft, which was then reduced to Rs 2,680 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 4,000 per sq.ft in the 2023 revision, and further rose to Rs 4,401 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. 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 Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 8,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. Nehru Nagar Kamaraj Street's 2024 guideline value is above this median.

• Nehru Nagar 1st Main Road: Rs 4,401 per sq.ft (2024)
• Nehru Nagar 11th Link Road: Rs 4,401 per sq.ft (2024)
• Nehru Nagar: Rs 4,401 per sq.ft (2024)
• Natesan Colony: Rs 3,900 per sq.ft (2024)
• Natco Colony West Street: Rs 3,900 per sq.ft (2024)
• Natco Colony West Cross Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Nehru Nagar Kamaraj Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 44,01,000. The stamp duty at 7% amounts to Rs 3,08,070, and the registration fee at 2% is Rs 88,020, together totaling Rs 3,96,090. 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 details.

Which Sub Registrar Office covers Nehru Nagar Kamaraj Street?

The Sub Registrar Office that covers Nehru Nagar Kamaraj Street 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 Kottivakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Kottivakkam. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees will be calculated.

Frequently asked questions

What is the current guideline value of Nehru Nagar Kamaraj Street?

The current guideline value of Nehru Nagar Kamaraj Street is Rs 4,401 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then increased to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,401 per sq.ft in 2024.

What is the land classification for Nehru Nagar Kamaraj Street?

Nehru Nagar Kamaraj Street is classified as Industries Special Type - I.

What are the stamp duty and registration fees for properties in this area?

For a 1,000 sq.ft plot, the total stamp duty and registration fees amount to Rs 3,96,090 based on the current guideline value.

Which office handles property registrations for Nehru Nagar Kamaraj Street?

The Adayar Sub Registrar Office handles property registrations for Nehru Nagar Kamaraj Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.