Guideline Value for Nehru Street

Nehru Street guideline value

The current guideline value of Nehru Street in Nemili_B village, under the Sriperumpudur SRO, is Rs 250 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class II Type - I land classification.

How the guideline value of Nehru Street has changed

The guideline value for Nehru Street has remained unchanged at Rs 250 per sq.ft from the 2023 revision to the 2024 revision. Prior to that, the 2017 revision recorded a guideline value of Rs 167 per sq.ft, marking a 50% increase to the current value over the period from 2017 to 2024.

There are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street. The 2023 revision also maintained the same rate of Rs 250 per sq.ft as in 2024, indicating no change during that year.

Guideline values in Nemili_B

Nemili_B village has 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,500 per sq.ft. The median value for these streets is Rs 250 per sq.ft, which aligns with the 2024 guideline value for Nehru Street.

• Nehru Nagar: Rs 250 per sq.ft (2024)
• Nemili Park: Rs 250 per sq.ft (2024)
• Nemili Sri Lakshmi Town: Rs 250 per sq.ft (2024)
• Nadu Street: Rs 200 per sq.ft (2024)
• Murugan Koil Street: Rs 200 per sq.ft (2024)
• Mookambigai Nagar: Rs 250 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 250 per sq.ft, the total guideline value would be Rs 2,50,000. The stamp duty at 7% would amount to Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nehru Street?

The Sub Registrar Office that covers 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 Nemili_B

The guideline value is a critical factor in the registration process of property transactions in Nemili_B. It serves as a basis for calculating the stamp duty and registration fees that are required when buying or selling property.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the fees reflect the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Nehru Street?

The current guideline value of Nehru Street is Rs 250 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 250 per sq.ft from 2023 to 2024. It increased from Rs 167 per sq.ft in 2017 to Rs 250 per sq.ft in 2024, representing a 50% increase over that period.

What is the land classification for Nehru Street?

Nehru Street falls under the Residential Class II Type - I land classification in Nemili_B village.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value is Rs 2,50,000, with stamp duty of Rs 17,500 and registration fee of Rs 5,000, totaling Rs 22,500.

Where is the Sub Registrar Office for Nehru Street located?

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