Guideline Value for Nehru Street Amman Koil Street

Nehru Street Amman Koil Street guideline value

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

How the guideline value of Nehru Street Amman Koil Street has changed

The guideline value for Nehru Street Amman Koil Street has seen several revisions over the years. The oldest available figure is from the 2017 revision, which set the value at Rs 1,005 per sq.ft. This was followed by a significant increase to Rs 1,500 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased the guideline value to Rs 1,650 per sq.ft, representing a 10% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 64%.

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

Guideline values in Pozhichalur

In Pozhichalur, there are 299 streets under the Pammal SRO with 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 Amman Koil Street's 2024 figure above the median.

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

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 to Rs 1,48,500. 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 the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nehru Street Amman Koil Street?

The Sub Registrar Office that covers Nehru Street Amman Koil Street 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 plays a crucial role in property transactions in Pozhichalur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property. Buyers and sellers should be aware that the guideline value is the basis for these fees, ensuring transparency in the registration process.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Nehru Street Amman Koil Street?

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

How much 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, which is an overall increase of 64%.

What is the land classification for Nehru Street Amman Koil Street?

Nehru Street Amman Koil Street falls under the Residential Class I Type - I land classification.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Nehru Street Amman Koil Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in Pozhichalur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 16,50,000, the stamp duty at 7% would be Rs 1,15,500.