Guideline Value for Nehru Nagar

Nehru Nagar guideline value

The current guideline value of Nehru Nagar is Rs 250 per sq.ft. It is located in Nemili_B village under the Sriperumpudur SRO, classified as Residential Class II Type - I.

How the guideline value of Nehru Nagar has changed

The guideline value for Nehru Nagar has remained unchanged at Rs 250 per sq.ft from the 2023 revision to the 2024 revision. Prior to this, the guideline value was Rs 250 per sq.ft in 2023, which was an increase of 50% from Rs 167 per sq.ft in the 2017 revision.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. The overall change from the 2017 revision to the 2024 revision is an increase of 50%.

Guideline values in Nemili_B

Nemili_B village has a total of 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,500 per sq.ft. The median value for these streets is Rs 250 per sq.ft, making Nehru Nagar's 2024 figure equal to that median.

• Nehru Street: Rs 250 per sq.ft (2024)
• Nemili Park: Rs 250 per sq.ft (2024)
• Nemili Sri Lakshmi Town: Rs 250 per sq.ft (2024)
• Nadu Street: Rs 200 per sq.ft (2024)
• Murugan Koil Street: Rs 200 per sq.ft (2024)
• Mookambigai Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Nehru Nagar

For a 1,000 sq.ft plot at the current rate of Rs 250 per sq.ft, the guideline value is Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, totaling Rs 22,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Nehru Nagar?

Nehru Nagar falls under the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Nemili_B, the guideline value is used to calculate the stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value to ensure proper compliance with registration laws. This value helps in assessing the financial implications of the transaction, ensuring that all parties involved are informed of the costs associated with the property transfer.

Frequently asked questions

What is the current guideline value of Nehru Nagar?

The current guideline value of Nehru Nagar is Rs 250 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 250 per sq.ft from 2023 to 2024, and it increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2023, marking a 50% increase overall from 2017 to 2024.

What is the land classification for Nehru Nagar?

Nehru Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Nehru Nagar?

The Sriperumpudur Sub Registrar Office covers Nehru Nagar and is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Nehru Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a plot of 1,000 sq.ft at the current guideline value, the total stamp duty and registration fees would amount to Rs 22,500.