Guideline Value for Nehru Street

Nehru Street guideline value

The current guideline value of Nehru Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Irunkattukottai_B village under the Sriperumpudur SRO, classified as Residential Class I Type - I.

How the guideline value of Nehru Street has changed

Looking at the revisions, the guideline value for Nehru Street was Rs 402 per sq.ft in 2017. It remained the same at Rs 600 per sq.ft in the 2023 revision and continues at Rs 600 per sq.ft in the 2024 revision, indicating no change from the previous year. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well, reflecting the same value in the last two revisions.

Guideline values in Irunkattukottai_B

In Irunkattukottai_B, there are 54 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,200 per sq.ft. The median value is Rs 400 per sq.ft, placing Nehru Street's 2024 figure above this median.

• Nemili Park: Rs 800 per sq.ft (2024)
• N.H.Salai: Rs 1,200 per sq.ft (2024)
• M.G.R.Street: Rs 250 per sq.ft (2024)
• Meenakshi Amman Nagar: Rs 600 per sq.ft (2024)
• Mecca Nagar: Rs 600 per sq.ft (2024)
• Marvel Shire Nagar: Rs 800 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 600 per sq.ft, the total guideline value would be Rs 6,00,000. The stamp duty at 7% would amount to Rs 42,000, and the registration fee at 2% would be Rs 12,000, bringing the total fees to Rs 54,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nehru Street?

The Sub Registrar Office covering Nehru Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Irunkattukottai_B. It determines the amount of stamp duty and registration fees that must be paid, which are calculated based on this value or the sale price, whichever is higher.

When buying or selling property, it is important to be aware of the guideline value as it directly impacts the financial aspects of the transaction. Buyers and sellers should ensure that they are informed about the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Nehru Street?

The current guideline value of Nehru Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 600 per sq.ft from 2023 to 2024, while it increased from Rs 402 per sq.ft in 2017 to Rs 600 per sq.ft in 2023, marking a 49% increase over that period.

What is the median guideline value in Irunkattukottai_B?

The median guideline value in Irunkattukottai_B is Rs 400 per sq.ft, with Nehru Street's 2024 figure being above this median.

What are the stamp duty rates for properties in Nehru Street?

The stamp duty for properties in Nehru Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Nehru Street located?

The Sub Registrar Office for Nehru Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.