Guideline Value for Nehru St ( Ward No.22 )

Nehru St ( Ward No.22 ) guideline value

The current guideline value of Nehru St ( Ward No.22 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Nehru St ( Ward No.22 ) has changed

The guideline value for Nehru St ( Ward No.22 ) has undergone a revision from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024, reflecting an increase of 8%. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

In summary, the only recorded revisions for this street are from 2012 to 2024, with no figures available for the intervening years. The 2024 figure of Rs 1,300 per sq.ft is the most current value available.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. Nehru St ( Ward No.22 )'s 2024 figure is below this median.

• Nehru St (Ward-09): Rs 2,200 per sq.ft (2024)
• Nehru st ( Ward No.29 ): Rs 1,300 per sq.ft (2024)
• Nehru St ( Ward No.9 ): Rs 2,200 per sq.ft (2024)
• Nehru Street, Ponniammanmedu (Ward-22): Rs 1,300 per sq.ft (2024)
• Nehru Street, Kalpalayam (Ward-29): Rs 1,300 per sq.ft (2024)
• Nellur High Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nehru St ( Ward No.22 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nehru St ( Ward No.22 )?

The Sub Registrar Office that covers Nehru St ( Ward No.22 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is essential during the registration process of property transactions in Madhavaram. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized value rather than the negotiated sale price.

When buying or selling property, the guideline value helps both parties understand the minimum value at which the property can be registered. This transparency aids in fair dealings and compliance with local regulations.

Frequently asked questions

What is the current guideline value of Nehru St ( Ward No.22 )?

The current guideline value of Nehru St ( Ward No.22 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Nehru St ( Ward No.22 ) changed from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024, reflecting an increase of 8%. There are no figures available for the years 2023, 2017, 2007, 2003, and 2002.

What are the guideline values for other streets in Madhavaram?

In Madhavaram, other streets have varying guideline values. For example, Nehru St (Ward-09) is valued at Rs 2,200 per sq.ft, while Nehru st ( Ward No.29 ) and Nehru Street, Ponniammanmedu (Ward-22) are both valued at Rs 1,300 per sq.ft.

What fees are associated with buying property in Nehru St ( Ward No.22 )?

When buying property in Nehru St ( Ward No.22 ), buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher. For a 1,000 sq.ft plot, these fees total Rs 1,17,000.

Where can I find the Sub Registrar Office for Nehru St ( Ward No.22 )?

The Sub Registrar Office for Nehru St ( Ward No.22 ) is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. This office handles the registration of properties in the area.