Guideline Value for Nehru Street (11)

Nehru Street (11) guideline value

The current guideline value of Nehru Street (11) is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village, under the Pammal SRO, and is classified as Residential Class I Type - I.

How the guideline value of Nehru Street (11) has changed

The guideline value for Nehru Street (11) has seen several revisions over the years. In 2017, the guideline value was set at Rs 1,005 per sq.ft. This figure increased to Rs 1,500 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 brought the value up to Rs 1,650 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pozhichalur

In Pozhichalur village, there are 299 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value for these streets is Rs 1,320 per sq.ft, placing Nehru Street (11) above this median value.

• Nehru Street (15): Rs 1,650 per sq.ft (2024)
• Nehru Street (3): Rs 1,650 per sq.ft (2024)
• Nehru Street (6): Rs 1,650 per sq.ft (2024)
• Nehru Street Amman Koil Street: Rs 1,650 per sq.ft (2024)
• Nehru Street Sivasankaran Nagar: Rs 1,650 per sq.ft (2024)
• Nehru Nagar M.G.R. Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Nehru Street (11)

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total cost for these fees to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nehru Street (11)?

The Sub Registrar Office that covers Nehru Street (11) is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Pozhichalur. It determines the minimum value at which a property can be registered and is used to calculate the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value serves as a benchmark for the transaction price. Buyers and sellers must ensure that the sale price is either equal to or higher than the guideline value to comply with registration requirements.

Frequently asked questions

What is the current guideline value of Nehru Street (11)?

The current guideline value of Nehru Street (11) is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 10%. Overall, from 2017 to 2024, it has increased by 64%.

What is the land classification for Nehru Street (11)?

Nehru Street (11) is classified as Residential Class I Type - I, indicating its suitability for residential development.

Which office handles the registration for Nehru Street (11)?

The Pammal Sub Registrar Office handles the registration for Nehru Street (11), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Nehru Street (11)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate results in a stamp duty of Rs 1,15,500.