Guideline Value for Nehru Street 2Street(Chelliamman nagar)

Nehru Street 2Street(Chelliamman nagar) guideline value

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

How the guideline value of Nehru Street 2Street(Chelliamman nagar) has changed

The guideline value for Nehru Street 2Street(Chelliamman nagar) has seen several revisions over the years. The oldest figure available is from the 2017 revision, which was Rs 1,340 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in the 2023 revision, marking a 49% increase. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has risen by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street, meaning the values from those years are not recorded.

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 guideline value of Nehru Street 2Street(Chelliamman nagar).

• Nehru Street 1Street(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 2Street(Chelliamman nagar)

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty is charged at 7%, which totals Rs 1,54,000, and the registration fee is at 2%, amounting to Rs 44,000. Together, these fees total 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Nehru Street 2Street(Chelliamman nagar)?

The Sub Registrar Office that covers Nehru Street 2Street(Chelliamman nagar) is the Konnur Sub Registrar Office, located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

To find your SRO, you can visit find your SRO.

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

The guideline value plays a crucial role during the registration of property transactions in 5. Athipattu. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When a buyer or seller engages in a property transaction, the guideline value is referenced to calculate the applicable fees. If the sale price of the property is higher than the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Nehru Street 2Street(Chelliamman nagar)?

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

How has the guideline value changed over the years?

The guideline value has increased from Rs 1,340 per sq.ft in 2017 to Rs 2,200 per sq.ft in 2024, marking a total increase of 64% over this period.

What is the stamp duty rate for properties in Nehru Street 2Street(Chelliamman nagar)?

The stamp duty rate for properties in Nehru Street 2Street(Chelliamman nagar) is 7% of the guideline value or the sale price, whichever is higher.

Where is the Konnur Sub Registrar Office located?

The Konnur Sub Registrar Office is located at Sub Register Office, Villivakkam Panchat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What are the other streets in 5. Athipattu with their guideline values?

Other streets in 5. Athipattu include Nehru Street 1Street(Chelliamman nagar) at Rs 2,200 per sq.ft, Nethaji street at Rs 1,300 per sq.ft, New Century Colony at Rs 2,400 per sq.ft, Narmada Street (ICF Colony) at Rs 2,400 per sq.ft, N.S.K. Street(Chelliamman nagar) at Rs 2,200 per sq.ft, and Nageswara rao Road at Rs 3,601 per sq.ft.