Guideline Value

Corporate

Guideline Value for Nehru Nagar, 2nd Street

₹1980/sq.ft.

The guideline value for Nehru Nagar, 2nd Street in Pammal village (Pammal SRO, Chengalpattu zone) is Rs 1980 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Pammal

Village

Pammal

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹1980 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075
044-22480069
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Nehru Nagar, 2nd Street

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Nehru Nagar, 2nd Street guideline value

The current guideline value of Nehru Nagar, 2nd Street is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is located in Pammal village under the Pammal SRO, and it falls under the Residential Class II Type - II land classification.

How the guideline value of Nehru Nagar, 2nd Street has changed

The guideline value for Nehru Nagar, 2nd Street has undergone several revisions over the years. The 2017 revision set the value at Rs 1,206 per sq.ft. This was followed by a significant increase in the 2023 revision, where the value rose to Rs 1,800 per sq.ft, marking a 49% increase from 2017. The most recent revision in 2024 saw the guideline value increase further to Rs 1,980 per sq.ft, reflecting a 10% rise from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for Nehru Nagar, 2nd Street. Overall, from 2017 to 2024, the guideline value has increased by 64%.

Guideline values in Pammal

Pammal village has a total of 926 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in Pammal is Rs 2,090 per sq.ft, indicating that Nehru Nagar, 2nd Street's 2024 figure is below this median.

Stamp duty and registration fee for property in Nehru Nagar, 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total cost to Rs 1,78,200. 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 detailed calculations.

Which Sub Registrar Office covers Nehru Nagar, 2nd Street?

The Sub Registrar Office that covers Nehru Nagar, 2nd Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Pammal. It is used to determine the stamp duty and registration fees that buyers must pay when registering a property. This ensures that the transaction is officially recorded and that the appropriate taxes are collected by the government.

When a property is bought or sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the government receives the correct amount based on the property's value.

Frequently asked questions

What is the current guideline value of Nehru Nagar, 2nd Street?

The current guideline value of Nehru Nagar, 2nd Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,206 per sq.ft in 2017 to Rs 1,800 per sq.ft in 2023, and then to Rs 1,980 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What is the median guideline value in Pammal?

The median guideline value in Pammal is Rs 2,090 per sq.ft. Nehru Nagar, 2nd Street's 2024 figure is below this median.

What are the stamp duty and registration fees for properties in Nehru Nagar, 2nd Street?

For a 1,000 sq.ft plot at the guideline value of Rs 1,980 per sq.ft, the total guideline value is Rs 19,80,000. The stamp duty would be Rs 1,38,600 and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles property registrations in Nehru Nagar, 2nd Street?

The Pammal Sub Registrar Office handles property registrations for Nehru Nagar, 2nd Street. It is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.