Guideline Value for Nehru Street (3)

Nehru Street (3) guideline value

The current guideline value of Nehru Street (3) is Rs 1,650 per sq.ft. It is located in Pozhichalur village under the Pammal SRO, classified as Residential Class I Type - I.

How the guideline value of Nehru Street (3) has changed

The guideline value for Nehru Street (3) has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, an increase from the 2023 revision of Rs 1,500 per sq.ft, marking a 10% rise. Prior to that, in 2017, the guideline value was Rs 1,005 per sq.ft, showing a significant increase of 49% from 2017 to 2023. Overall, the guideline value has risen by 64% from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Pozhichalur

In Pozhichalur village, there are 299 streets under the Pammal SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft. The median guideline value in this area is Rs 1,320 per sq.ft, placing Nehru Street (3) above this median value.

• Nehru Street (15): Rs 1,650 per sq.ft (2024)
• Nehru Street (6): Rs 1,650 per sq.ft (2024)
• Nehru Street (11): 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 (3)

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 to Rs 1,48,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nehru Street (3)?

The Sub Registrar Office that covers Nehru Street (3) 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 Pozhichalur

The guideline value is a crucial factor during the registration of properties in Pozhichalur. It serves as a benchmark for determining the minimum price at which a property can be sold or bought, ensuring that the transaction is recorded accurately.

When registering a property, buyers and sellers must consider the guideline value as it influences the stamp duty and registration fees. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Nehru Street (3)?

The current guideline value of Nehru Street (3) is Rs 1,650 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value of Nehru Street (3) has increased by 64%, moving from Rs 1,005 per sq.ft to Rs 1,650 per sq.ft in 2024.

What are the stamp duty and registration fees for properties on Nehru Street (3)?

For a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500 and the registration fee would be Rs 33,000, totaling Rs 1,48,500.

Which Sub Registrar Office handles transactions for Nehru Street (3)?

The Pammal Sub Registrar Office handles transactions for Nehru Street (3), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

Are there other streets in Pozhichalur with the same guideline value?

Yes, there are several other streets in Pozhichalur that share the same guideline value of Rs 1,650 per sq.ft, including Nehru Street (15), Nehru Street (6), and Nehru Street (11).