Guideline Value for Nemilicheri High Road Cross Street

Nemilicheri High Road Cross Street guideline value

The current guideline value of Nemilicheri High Road Cross Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Nemilicheri High Road Cross Street has changed

Over the years, the guideline value for Nemilicheri High Road Cross Street has seen significant changes. The 2003 revision recorded a guideline value of Rs 486 per sq.ft, which increased to Rs 800 per sq.ft in 2007, marking a rise of 65%. The value remained unchanged at Rs 3,200 per sq.ft from the 2012 revision until the 2023 revision. In 2024, the guideline value was revised to Rs 3,520 per sq.ft, reflecting a 10% increase from the previous year.

Notably, the guideline value has seen an overall increase of 624% from the 2003 revision to the 2024 revision. The register does not contain figures for the years 2002 and 2017 for this street.

Guideline values in Zaminpallavaram

In Zaminpallavaram, there are 638 streets under the Pallavaram SRO that carry a 2024 guideline value, ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, placing Nemilicheri High Road Cross Street above this median.

• Nellipettai Road: Rs 2,160 per sq.ft (2024)
• Nellipettai High Road: Rs 2,160 per sq.ft (2024)
• Nellipettai Cross Street: Rs 2,160 per sq.ft (2024)
• Nellipettai 2nd Cross Street: Rs 2,160 per sq.ft (2024)
• New Colony 10th Cross Street: Rs 4,400 per sq.ft (2024)
• New Colony 11th Cross Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Nemilicheri High Road Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total fees together to Rs 3,16,800. 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 details.

Which Sub Registrar Office covers Nemilicheri High Road Cross Street?

The Sub Registrar Office that covers Nemilicheri High Road Cross Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Zaminpallavaram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in property dealings.

When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that all transactions are conducted fairly and in accordance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Nemilicheri High Road Cross Street?

The current guideline value of Nemilicheri High Road Cross Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 486 per sq.ft in 2003 to Rs 3,520 per sq.ft in 2024, marking an overall increase of 624% over this period.

What are the stamp duty and registration fees for this property?

For a property valued at Rs 35,20,000, the stamp duty would be Rs 2,46,400 and the registration fee would be Rs 70,400, totaling Rs 3,16,800.

Which office handles the registration for Nemilicheri High Road Cross Street?

The Pallavaram Sub Registrar Office handles the registration for Nemilicheri High Road Cross Street, located at 7th Main Road, New Colony, Chromepet, Chennai.

What is the land classification for Nemilicheri High Road Cross Street?

The land classification for Nemilicheri High Road Cross Street is Residential Class I Type - I, indicating its suitability for residential development.