Guideline Value for Nehru st ( Ward No.29 )

Nehru st ( Ward No.29 ) guideline value

The current guideline value of Nehru st ( Ward No.29 ) is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Madhavaram village under the Madhavaram SRO, classified as Residential Class III Type - I.

How the guideline value of Nehru st ( Ward No.29 ) has changed

The guideline value for Nehru st ( Ward No.29 ) has undergone several revisions over the years. The earliest available revision is from 2012, where the guideline value was Rs 1,200 per sq.ft. The most recent revision in 2024 increased this value to Rs 1,300 per sq.ft, reflecting an increase of 8% from the 2012 figure.

There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002 for this street. Thus, the only changes noted are from 2012 to 2024.

Guideline values in Madhavaram

In Madhavaram village, there are 1,946 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,300 to Rs 7,500 per sq.ft, and the median value being Rs 1,600 per sq.ft. The guideline value for Nehru st ( Ward No.29 ) is below this median.

• Nehru St ( Ward No.22 ): Rs 1,300 per sq.ft (2024)
• Nehru St ( Ward No.9 ): Rs 2,200 per sq.ft (2024)
• Nehru St (Ward-09): Rs 2,200 per sq.ft (2024)
• Nehru Street, Ponniammanmedu (Ward-22): Rs 1,300 per sq.ft (2024)
• Nehru Street, Kalpalayam (Ward-29): Rs 1,300 per sq.ft (2024)
• Nellur High Road: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nehru st ( Ward No.29 )

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total to Rs 1,17,000. 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 accurate calculations.

Which Sub Registrar Office covers Nehru st ( Ward No.29 )?

The Sub Registrar Office that covers Nehru st ( Ward No.29 ) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process for property transactions in Madhavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is documented accurately.

When buying or selling property, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This means that understanding the guideline value is essential for both buyers and sellers to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Nehru st ( Ward No.29 )?

The current guideline value of Nehru st ( Ward No.29 ) is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Nehru st ( Ward No.29 ) increased from Rs 1,200 per sq.ft in 2012 to Rs 1,300 per sq.ft in 2024, marking an 8% increase. There are no figures available for the revisions in 2023, 2017, 2007, 2003, and 2002.

What is the classification of the land on Nehru st ( Ward No.29 )?

Nehru st ( Ward No.29 ) is classified as Residential Class III Type - I. This classification is important for understanding the zoning and permissible uses of the land.

What are the stamp duty and registration fees for properties on Nehru st ( Ward No.29 )?

For a 1,000 sq.ft plot at the guideline value of Rs 1,300 per sq.ft, the total guideline value is Rs 13,00,000. The stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Where is the Sub Registrar Office for Nehru st ( Ward No.29 ) located?

The Madhavaram Sub Registrar Office, which covers Nehru st ( Ward No.29 ), is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.