Guideline Value for Nehru Salai (S.V.Nagar)

Nehru Salai (S.V.Nagar) guideline value

The current guideline value of Nehru Salai (S.V.Nagar) is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Oragadam village, under the Ambattur SRO, and falls under the Residential Class I Type - I land classification.

How the guideline value of Nehru Salai (S.V.Nagar) has changed

The guideline value for Nehru Salai (S.V.Nagar) has undergone several revisions over the years. In 2007, the guideline value was Rs 400 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2012. However, it then decreased to Rs 1,206 per sq.ft in 2017. The value rose again to Rs 1,800 per sq.ft in 2023 before reaching the current rate of Rs 1,900 per sq.ft in 2024.

From 2017 to 2023, there was a notable increase of 49%. The jump from 2012 to 2017 saw a decrease of 33%. The increase from 2007 to 2012 was substantial at 350%. Overall, from 2007 to 2024, the guideline value has increased by 375%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Oragadam

In Oragadam, there are 596 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 3,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Nehru Salai (S.V.Nagar) is below this median.

• Nehru Street (Vinayagapuram): Rs 2,400 per sq.ft (2024)
• Nehru Street (V.L.Puram): Rs 2,400 per sq.ft (2024)
• Nelson Street: Rs 1,600 per sq.ft (2024)
• Nesamani Street (Venkateswara Nagar): Rs 1,600 per sq.ft (2024)
• Nedunchezhiyan Street: Rs 2,400 per sq.ft (2024)
• Nethaji Street: Rs 1,600 per sq.ft (2024)

Stamp duty and registration fee for property in Nehru Salai (S.V.Nagar)

For a 1,000 sq.ft plot at the current rate of Rs 1,900 per sq.ft, the guideline value amounts to Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. Please 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 information.

Which Sub Registrar Office covers Nehru Salai (S.V.Nagar)?

The Sub Registrar Office covering Nehru Salai (S.V.Nagar) is the Ambattur Sub Registrar Office, located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during property registration in Oragadam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property transaction.

When buying or selling property, the guideline value helps ensure that the transaction is recorded at a fair value. This value is used to calculate the necessary fees, which are essential for the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Nehru Salai (S.V.Nagar)?

The current guideline value of Nehru Salai (S.V.Nagar) is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen several changes, increasing from Rs 400 per sq.ft in 2007 to Rs 1,900 per sq.ft in 2024, with fluctuations in between.

What is the land classification of Nehru Salai (S.V.Nagar)?

Nehru Salai (S.V.Nagar) falls under the Residential Class I Type - I land classification.

Where can I find the Sub Registrar Office for Nehru Salai (S.V.Nagar)?

The Sub Registrar Office for Nehru Salai (S.V.Nagar) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai.

How is the stamp duty calculated for properties in Nehru Salai (S.V.Nagar)?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 at 7%.