Guideline Value for Nehru Street

Nehru Street guideline value

The current guideline value of Nehru Street in Molachoor village is Rs 600 per sq.ft, effective from 1 July 2024. This street falls under the Sunguvarchattram SRO and is classified as Residential Special Type - III.

How the guideline value of Nehru Street has changed

Looking at the revisions, the guideline value for Nehru Street was Rs 600 per sq.ft in both the 2023 and 2024 revisions. The 2017 revision recorded a lower value of Rs 402 per sq.ft. Prior to that, the 2012 revision also set the value at Rs 600 per sq.ft. There are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value increased by 49%. However, from 2012 to 2017, there was a decrease of 33%. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 600 per sq.ft.

Guideline values in Molachoor

In Molachoor, there are 112 streets under the Sunguvarchattram SRO, with guideline values ranging from Rs 300 to Rs 2,000 per sq.ft. The median value across these streets is Rs 600 per sq.ft, which is the same as the guideline value for Nehru Street.

• Nethaji Street: Rs 600 per sq.ft (2024)
• N.L Chinnapar Street: Rs 600 per sq.ft (2024)
• Mookambigai Nagar I & II: Rs 300 per sq.ft (2024)
• Palkarar Street: Rs 500 per sq.ft (2024)
• Palla odai: Rs 450 per sq.ft (2024)
• Mettu Street: Rs 300 per sq.ft (2024)

Stamp duty and registration fee for property in Nehru Street

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value totals Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, making the total fees Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Nehru Street?

The Sub Registrar Office that covers Nehru Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Molachoor. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a transaction.

When purchasing or selling property, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are levied based on the established rates.

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 for Nehru Street has remained at Rs 600 per sq.ft in both the 2023 and 2024 revisions. It increased from Rs 402 per sq.ft in 2017, and there are no figures for the revisions in 2002, 2003, and 2007.

What is the classification of Nehru Street?

Nehru Street is classified as Residential Special Type - III under the Sunguvarchattram SRO.

Where can I find the registration office for Nehru Street?

The registration office covering Nehru Street is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Nehru Street?

Stamp duty for properties in Nehru Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 54,000.