Guideline Value for Nehru Street 1Street(Chelliamman nagar)

Nehru Street 1Street(Chelliamman nagar) guideline value

The current guideline value for Nehru Street 1Street(Chelliamman nagar) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in 5. Athipattu village under the Konnur SRO, classified as Residential Class I Type - II.

How the guideline value of Nehru Street 1Street(Chelliamman nagar) has changed

The guideline value for Nehru Street 1Street(Chelliamman nagar) has undergone several revisions over the years. The 2017 revision set the value at Rs 1,340 per sq.ft. This was followed by a significant increase to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 raised the value further to Rs 2,200 per sq.ft, representing a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for this street in the revisions from 2002, 2003, 2007, and 2012.

Guideline values in 5. Athipattu

In 5. Athipattu, there are 119 streets under the Konnur SRO that have a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is equal to the current guideline value for Nehru Street 1Street(Chelliamman nagar).

• Nehru Street 2Street(Chelliamman nagar): Rs 2,200 per sq.ft (2024)
• Nethaji street: Rs 1,300 per sq.ft (2024)
• New Century Colony: Rs 2,400 per sq.ft (2024)
• Narmada Street (ICF Colony): Rs 2,400 per sq.ft (2024)
• N.S.K. Street(Chelliamman nagar): Rs 2,200 per sq.ft (2024)
• Nageswara rao Road: Rs 3,601 per sq.ft (2024)

Stamp duty and registration fee for property in Nehru Street 1Street(Chelliamman nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total fees to Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Nehru Street 1Street(Chelliamman nagar)?

The Sub Registrar Office that covers Nehru Street 1Street(Chelliamman nagar) is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more details.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value is a critical factor when registering property transactions in 5. Athipattu. It serves as the basis for calculating the stamp duty and registration fees that buyers must pay when purchasing property.

Understanding the guideline value helps buyers and sellers ensure that they comply with legal requirements during the registration process. It is essential for both parties to be aware of the current guideline value to avoid any discrepancies during the transaction.

Frequently asked questions

What is the current guideline value for Nehru Street 1Street(Chelliamman nagar)?

The current guideline value for Nehru Street 1Street(Chelliamman nagar) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased by 64%, from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft as of 2024.

What are the stamp duty and registration fees for properties in this area?

The stamp duty for properties is charged at 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers this street?

The Konnur Sub Registrar Office covers Nehru Street 1Street(Chelliamman nagar), located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the median guideline value for streets in 5. Athipattu?

The median guideline value for streets in 5. Athipattu is Rs 2,200 per sq.ft, which is equal to the current guideline value of Nehru Street 1Street(Chelliamman nagar).