Guideline Value for Nehru Street

Nehru Street guideline value

The current guideline value of Nehru Street is Rs 1,500 per sq.ft as per the 2023 revision. This street is located in Vandalur village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Nehru Street has changed

Over the years, the guideline value of Nehru Street has seen several revisions. In 2007, the value was Rs 550 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a rise of 173%. However, from 2012 to 2017, the value decreased to Rs 1,005 per sq.ft, reflecting a drop of 33%. The most recent revision in 2023 set the guideline value back to Rs 1,500 per sq.ft, a 49% increase from the 2017 figure.

Overall, comparing the 2007 and 2023 revisions, the guideline value has increased by 173%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2024 for Nehru Street.

Guideline values in Vandalur

Currently, there are no specific village figures provided for Vandalur. However, Nehru Street's guideline value is Rs 1,500 per sq.ft, as mentioned. There are no other streets in Vandalur under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in Nehru Street

For a 1,000 sq.ft plot at the current rate of Rs 1,500 per sq.ft, the guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, bringing the total to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nehru Street?

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

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

The guideline value is a crucial factor when buying or selling property in Vandalur, as it determines the minimum value at which the property can be registered. This value is used to calculate the stamp duty and registration fees that must be paid during the transaction process.

When a property is sold, the buyer must ensure that the sale price is equal to or greater than the guideline value to avoid any legal complications. The registration office will use this guideline value to assess the applicable fees and taxes during the registration of the property.

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 as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 550 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and returned to Rs 1,500 per sq.ft in 2023.

What is the registration office for Nehru Street?

The registration office for Nehru Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery - 603202, Chengalpattu registration zone.

What fees are associated with buying property on Nehru Street?

The fees associated with buying property on Nehru Street include stamp duty at 7% and a registration fee at 2% of the guideline value or sale price, whichever is higher.

Are there any other streets in Vandalur with guideline values?

Currently, there are no other streets in Vandalur under the Gooduvancheri SRO listed with guideline values.