Guideline Value for Nehru Nagar

Nehru Nagar guideline value

The current guideline value of Nehru Nagar, located in Kadaperi village under the Tambaram Joint 1 SRO, is Rs 880 per sq.ft as per the 2024 revision. This area falls under the Residential Class II Type - II land classification.

How the guideline value of Nehru Nagar has changed

Over the years, the guideline value of Nehru Nagar has seen several revisions. The 2007 revision set the value at Rs 1,000 per sq.ft, which then decreased to Rs 800 per sq.ft in 2012, marking a decline of 20%. In 2017, the value was further reduced to Rs 536 per sq.ft, reflecting a significant drop of 33%. The 2023 revision increased the value to Rs 800 per sq.ft, and the most recent 2024 revision has set it at Rs 880 per sq.ft, an increase of 10% from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from the 2007 revision to the current 2024 figure, the guideline value has decreased by 12%.

Guideline values in Kadaperi

Kadaperi village has a total of 142 streets under the Tambaram Joint 1 SRO, with the 2024 guideline values ranging from Rs 880 to Rs 7,700 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Nehru Nagar's 2024 figure below that median.

• Nehru Street (GST Road): Rs 2,200 per sq.ft (2024)
• Nagarathinam Nagar: Rs 3,300 per sq.ft (2024)
• North Kulakarai Street: Rs 1,320 per sq.ft (2024)
• Muthumariamman Koil Street: Rs 1,320 per sq.ft (2024)
• Muthtamil Nagar: Rs 1,320 per sq.ft (2024)
• Munuswamy Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Nehru Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, and the registration fee at 2% would be Rs 17,600, bringing the total cost for these fees to Rs 79,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Nehru Nagar?

Nehru Nagar falls under the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Kadaperi

The guideline value is a critical factor in the registration process when buying or selling property in Kadaperi. It is used to determine the stamp duty and registration fees that must be paid to the government during the transaction.

When a property is registered, the guideline value ensures that the transaction is documented at a fair value, which is essential for maintaining transparency in real estate dealings. This value is updated periodically to reflect changes in the market and local conditions.

Frequently asked questions

What is the current guideline value of Nehru Nagar?

The current guideline value of Nehru Nagar is Rs 880 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, showing an overall decrease of 12% over this period.

What is the land classification of Nehru Nagar?

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

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

The Sub Registrar Office covering Nehru Nagar is located at No.26, Mes Road, East Tambaram, Chennai-600059.

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

Stamp duty is calculated based on the higher value between the guideline value and the sale price. For example, a property valued at Rs 8,80,000 incurs a stamp duty of Rs 61,600 at 7%.