Guideline Value for Nehuru Nagar 6th street

Nehuru Nagar 6th street guideline value

The current guideline value of Nehuru Nagar 6th street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, classified as Residential Class II Type - I.

How the guideline value of Nehuru Nagar 6th street has changed

The guideline value for Nehuru Nagar 6th street has seen significant changes over the years. In the 2007 revision, the value was Rs 600 per sq.ft. This increased to Rs 1,200 per sq.ft in the 2023 revision, marking a 100% increase from 2007. The latest revision in 2024 shows a further increase to Rs 1,300 per sq.ft, which is an 8% rise from the previous year.

There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017 for this street. Overall, the guideline value has increased by 117% from 2007 to 2024.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value is Rs 1,600 per sq.ft, placing Nehuru Nagar 6th street's 2024 figure below this median.

• Nehuru Nagar 5th street: Rs 1,300 per sq.ft (2024)
• Nehuru Nagar 7th street: Rs 1,300 per sq.ft (2024)
• Nehuru Nagar 4th street: Rs 1,300 per sq.ft (2024)
• Nehuru Nagar 8th street: Rs 1,300 per sq.ft (2024)
• Nehuru Nagar 3rd street: Rs 1,300 per sq.ft (2024)
• Nehuru Nagar 9th street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nehuru Nagar 6th street

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the 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, totaling Rs 1,17,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Nehuru Nagar 6th street?

The Sub Registrar Office that covers Nehuru Nagar 6th street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Tondaiarpet. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When you register a property, the authorities will charge stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately and that the necessary fees are collected accordingly.

Frequently asked questions

What is the current guideline value of Nehuru Nagar 6th street?

The current guideline value of Nehuru Nagar 6th street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 117% over this period.

What are the stamp duty and registration fees for property in Nehuru Nagar 6th street?

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 1,17,000, based on the current guideline value.

Which office handles registrations for Nehuru Nagar 6th street?

The Royapuram Sub Registrar Office handles registrations for Nehuru Nagar 6th street, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

What is the land classification for Nehuru Nagar 6th street?

Nehuru Nagar 6th street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.