Guideline Value for Nehru Nagar Mathialagan Street Lane Vii

Nehru Nagar Mathialagan Street Lane Vii guideline value

The current guideline value of Nehru Nagar Mathialagan Street Lane Vii is Rs 3,850 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Nehru Nagar Mathialagan Street Lane Vii has changed

The guideline value register has no figures for the years 2002, 2003, 2007, 2012, 2017, and 2023 for Nehru Nagar Mathialagan Street Lane Vii. The only available figure is from the 2024 revision, which is Rs 3,850 per sq.ft.

As per the latest revision in 2024, the guideline value stands at Rs 3,850 per sq.ft. There have been no changes between the revisions above.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, which means that Nehru Nagar Mathialagan Street Lane Vii's 2024 figure is below the median.

• Nehru Nagar Mathialagan Street Lane Vi: Rs 3,850 per sq.ft (2024)
• Nehru Nagar Mathialagan Street Lane Viii: Rs 3,850 per sq.ft (2024)
• Nehru Nagar Mathialagan Street Lane V: Rs 3,850 per sq.ft (2024)
• Nehru Nagar Mathiyazhagan Street: Rs 3,850 per sq.ft (2024)
• Nehru Nagar Mathialagan Street Lane Iv: Rs 3,850 per sq.ft (2024)
• Nehru Nagar Nedunchezhian Street: Rs 3,850 per sq.ft (2024)

Stamp duty and registration fee for property in Nehru Nagar Mathialagan Street Lane Vii

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, making the total cost Rs 3,46,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use the stamp duty and registration fee calculator for more details on fees applicable.

Which Sub Registrar Office covers Nehru Nagar Mathialagan Street Lane Vii?

The Sub Registrar Office that covers Nehru Nagar Mathialagan Street Lane Vii is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Velachery. It serves as a benchmark for the minimum value at which properties can be registered, ensuring that the government receives appropriate stamp duty and registration fees based on this value.

When buying or selling property, the guideline value helps in determining the overall cost involved in the transaction. It is essential for buyers and sellers to be aware of the guideline value to understand the financial implications of their property dealings.

Frequently asked questions

What is the current guideline value of Nehru Nagar Mathialagan Street Lane Vii?

The current guideline value of Nehru Nagar Mathialagan Street Lane Vii is Rs 3,850 per sq.ft, effective from 1 July 2024.

What is the land classification for Nehru Nagar Mathialagan Street Lane Vii?

The land classification for Nehru Nagar Mathialagan Street Lane Vii is Residential Class II Type - III.

Are there any previous guideline values for this street?

The guideline value register has no figures for Nehru Nagar Mathialagan Street Lane Vii for the years 2002, 2003, 2007, 2012, 2017, and 2023.

How is stamp duty calculated for properties in this area?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500.

Where is the Sub Registrar Office for Nehru Nagar Mathialagan Street Lane Vii located?

The Velacheri Sub Registrar Office, which covers Nehru Nagar Mathialagan Street Lane Vii, is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.