Guideline Value for Nehru Street

Nehru Street guideline value

The current guideline value of Nehru Street is Rs 1,500 per sq.ft, effective from 1 July 2024. This street is located in Gooduvancheri village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Nehru Street has changed

The guideline value for Nehru Street has remained stable at Rs 1,500 per sq.ft since the 2023 revision, which also recorded the same amount. Prior to that, in the 2017 revision, the guideline value was Rs 1,005 per sq.ft, marking a significant increase of 49% from 2017 to 2023.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. Overall, comparing the 2017 revision to the current 2024 revision, there has been a 49% increase, with the current rate matching the median guideline value of Rs 1,500 per sq.ft for the village.

Guideline values in Gooduvancheri

In Gooduvancheri, there are 129 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft. Nehru Street's 2024 figure is equal to the median of Rs 1,500 per sq.ft. Below are the guideline values for other streets in Gooduvancheri:

• Naveen Satish Nagar: Rs 1,500 per sq.ft (2024)
• Nethaji Street: Rs 1,500 per sq.ft (2024)
• Natarajapuram: Rs 1,200 per sq.ft (2024)
• Nataraja Nayakar Street: Rs 1,200 per sq.ft (2024)
• N.G.O. colony: Rs 2,001 per sq.ft (2024)
• Nakeeran Street: Rs 2,001 per sq.ft (2024)

Stamp duty and registration fee for property in Nehru Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value would be Rs 15,00,000. The stamp duty at 7% would amount to Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, together totaling Rs 1,35,000. 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?

The Sub Registrar Office that covers Nehru Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Gooduvancheri

The guideline value is a critical factor in the property registration process in Gooduvancheri. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property transaction occurs, the guideline value ensures that the government receives the appropriate revenue through these fees. Buyers and sellers must be aware of the current guideline value to calculate their expenses accurately during the registration process.

Frequently asked questions

What is the current guideline value of Nehru Street?

The current guideline value of Nehru Street is Rs 1,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Nehru Street has remained at Rs 1,500 per sq.ft since the 2023 revision. It was Rs 1,005 per sq.ft in the 2017 revision, showing a 49% increase from 2017 to 2023.

What are the guideline values for other streets in Gooduvancheri?

Other streets in Gooduvancheri have varying guideline values. For example, Naveen Satish Nagar and Nethaji Street both have a guideline value of Rs 1,500 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Nehru Street?

For a property valued at Rs 15,00,000, the stamp duty would be Rs 1,05,000 and the registration fee would be Rs 30,000, totaling Rs 1,35,000. Fees are based on the higher of the guideline value or sale price.

Which Sub Registrar Office covers Nehru Street?

Nehru Street is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.