Guideline Value for Nehru Street (6)

Nehru Street (6) guideline value

The current guideline value of Nehru Street (6) is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pozhichalur village and falls under the Pammal SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Nehru Street (6) has changed

The guideline value for Nehru Street (6) has undergone several revisions since 2017. In 2017, the guideline value was Rs 1,005 per sq.ft. This figure increased significantly to Rs 1,500 per sq.ft in 2023, marking a 49% rise. The latest revision in 2024 saw this value increase further to Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

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

Guideline values in Pozhichalur

In Pozhichalur, 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 (6) above this median with its current value of Rs 1,650 per sq.ft.

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

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 together to Rs 1,48,500. Please note that the 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 information.

Which Sub Registrar Office covers Nehru Street (6)?

Nehru Street (6) is covered by 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 when registering property transactions in Pozhichalur. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay during the property transaction process.

When a property is bought or sold, the guideline value helps ensure that the transaction is recorded accurately in the official registry. This process is essential for maintaining transparency and legality in property dealings within the area.

Frequently asked questions

What is the current guideline value of Nehru Street (6)?

The current guideline value of Nehru Street (6) is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,650 per sq.ft in 2024, reflecting a total increase of 64% over this period.

What are the guideline values for other streets in Pozhichalur?

Other streets in Pozhichalur have a 2024 guideline value ranging from Rs 1,100 to Rs 4,500 per sq.ft, with a median value of Rs 1,320 per sq.ft.

What are the stamp duty and registration fees for properties in Nehru Street (6)?

For a property of 1,000 sq.ft, the total guideline value is Rs 16,50,000. The stamp duty is Rs 1,15,500 and the registration fee is Rs 33,000, making the total cost Rs 1,48,500.

Which office handles registrations for Nehru Street (6)?

The Pammal Sub Registrar Office handles registrations for Nehru Street (6), located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.