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Guideline Value

Corporate

Guideline Value for Nehru Salai/Nagelkeni

₹1980/sq.ft.

The guideline value for Nehru Salai/nagelkeni 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 ₹260 /sq.ft.
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 Salai/nagelkeni

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Nehru Salai/Nagelkeni guideline value

The current guideline value of Nehru Salai/Nagelkeni is Rs 1,980 per sq.ft, effective from 1 July 2024. This area is located in Pammal village, under the Pammal SRO, and is classified as Residential Class II Type - II.

How the guideline value of Nehru Salai/Nagelkeni has changed

Over the years, the guideline value for Nehru Salai/Nagelkeni has seen significant changes. The 2007 revision recorded a value of Rs 260 per sq.ft, which increased to Rs 1,206 per sq.ft in 2017, marking a substantial rise of 364%. In 2023, the value further increased to Rs 1,800 per sq.ft, reflecting a growth of 49% from the previous revision. The most recent 2024 revision set the guideline value at Rs 1,980 per sq.ft, a 10% increase from 2023. The register has no figures for the years 2002, 2003, and 2012 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 662%. This consistent rise highlights the evolving nature of property values in the area.

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, with a median value of Rs 2,090 per sq.ft. The guideline value for Nehru Salai/Nagelkeni is below this median.

Stamp duty and registration fee for property in Nehru Salai/Nagelkeni

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty at 7% would amount to Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling 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 details.

Which Sub Registrar Office covers Nehru Salai/Nagelkeni?

The Sub Registrar Office that covers Nehru Salai/Nagelkeni 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 the registration of property transactions in Pammal. It serves as the basis for calculating stamp duty and registration fees, ensuring that both buyers and sellers adhere to the legal requirements set by the registration authorities.

When a property is bought or sold, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the transaction is recorded accurately and that the appropriate fees are collected based on the established values.

Frequently asked questions

What is the current guideline value of Nehru Salai/Nagelkeni?

The current guideline value of Nehru Salai/Nagelkeni 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 significantly from Rs 260 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 662% over this period.

What is the land classification for Nehru Salai/Nagelkeni?

Nehru Salai/Nagelkeni is classified as Residential Class II Type - II, which indicates its suitability for residential purposes.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone.

How is stamp duty calculated for property in Nehru Salai/Nagelkeni?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600 at 7%.