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Guideline Value

Corporate

Guideline Value for Nellaiyappar 1st Cross Street

₹2420/sq.ft.

The guideline value for Nellaiyappar 1st Cross Street in Nemilicherry village (Pallavaram SRO, Chengalpattu zone) is Rs 2420 per sq.ft, effective 1 July 2024. It was Rs 2200 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chengalpattu

Zone

Nemilicherry

Village

Pallavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2420 /sq.ft.
From 1-4-2023 ₹2200 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1474 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2200 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044
044-22413425
[email protected]

DRO (District Registrar Office)

Tambaram District Registrar Office,no.47/8,venkatesan Street,tambaram (west),chennai- 600 045.
null
[email protected], [email protected]

DIG (Deputy Inspector General)

No 10., Kancheepuram High Road., Chenglepet
null
[email protected]
Records for a plot on Nellaiyappar 1st Cross Street

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Nellaiyappar 1st Cross Street guideline value

The current guideline value of Nellaiyappar 1st Cross Street is Rs 2,420 per sq.ft, effective from 1 July 2024. This street is located in Nemilicherry village under the Pallavaram SRO, with a land classification of Residential Class I Type - I.

How the guideline value of Nellaiyappar 1st Cross Street has changed

The guideline value for Nellaiyappar 1st Cross Street has seen several revisions over the years. In 2007, the guideline value was Rs 500 per sq.ft. This increased significantly to Rs 2,200 per sq.ft in 2012, marking an increase of 340%. However, it then decreased to Rs 1,474 per sq.ft in 2017, which was a drop of 33%. The value rose again to Rs 2,200 per sq.ft in 2023, and then to Rs 2,420 per sq.ft in 2024, reflecting a 10% increase from the previous year. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has increased by 384%, indicating a significant rise in property valuation in this area over the years.

Guideline values in Nemilicherry

Nemilicherry village has a range of guideline values across its 172 streets under the Pallavaram SRO, with the 2024 figures ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median guideline value in this village is Rs 2,160 per sq.ft, making the 2024 figure for Nellaiyappar 1st Cross Street above the median.

Stamp duty and registration fee for property in Nellaiyappar 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,420 per sq.ft, the total guideline value amounts to Rs 24,20,000. The stamp duty at 7% would be Rs 1,69,400, and the registration fee at 2% would be Rs 48,400, bringing the total fees together to Rs 2,17,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Nellaiyappar 1st Cross Street?

The Sub Registrar Office that covers Nellaiyappar 1st Cross Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

To find your SRO, you can visit the provided link.

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

The guideline value is a crucial factor in property transactions in Nemilicherry, as it determines the minimum value at which property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of property ownership.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with legal requirements during the registration process. This helps in avoiding any discrepancies or issues that may arise during the transaction.

Frequently asked questions

What is the current guideline value of Nellaiyappar 1st Cross Street?

The current guideline value of Nellaiyappar 1st Cross Street is Rs 2,420 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 500 per sq.ft in 2007 to Rs 2,420 per sq.ft in 2024, which is an overall increase of 384%.

What is the stamp duty for property in Nellaiyappar 1st Cross Street?

The stamp duty for property in Nellaiyappar 1st Cross Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located?

The Pallavaram Sub Registrar Office is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

What is the median guideline value in Nemilicherry?

The median guideline value in Nemilicherry is Rs 2,160 per sq.ft, and the guideline value for Nellaiyappar 1st Cross Street is above this median at Rs 2,420 per sq.ft.