Guideline Value for Nemilicheri High Road
₹2750/sq.ft.
The guideline value for Nemilicheri High Road in Nemilicherry village (Pallavaram SRO, Chengalpattu zone) is Rs 2750 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Nemilicherry
Village
Pallavaram
SRO
Commercial Class I Type - II
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹2750 /sq.ft. |
| From 1-4-2023 | ₹2500 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹1675 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹2500 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | ₹650 /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.
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[email protected], [email protected]
Records for a plot on Nemilicheri High Road
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Pallavaram sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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Nemilicheri High Road guideline value
The current guideline value of Nemilicheri High Road is Rs 2,750 per sq.ft, effective from 1 July 2024. This road is located in Nemilicherry village under the Pallavaram SRO and is classified as Commercial Class I Type - II.
How the guideline value of Nemilicheri High Road has changed
The guideline value for Nemilicheri High Road has undergone several revisions over the years. Starting from the 2007 revision, the guideline value was Rs 650 per sq.ft. This increased significantly to Rs 2,500 per sq.ft in 2012, marking an increase of 285%. However, in 2017, the value dropped to Rs 1,675 per sq.ft, a decrease of 33%. The value then rose to Rs 2,500 per sq.ft in the 2023 revision, followed by a further increase to Rs 2,750 per sq.ft in the 2024 revision, reflecting a 10% rise from the previous year.
It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 323%.
Guideline values in Nemilicherry
In Nemilicherry, there are 172 streets under the Pallavaram SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 3,300 per sq.ft. The median value for these streets is Rs 2,160 per sq.ft, placing the guideline value of Nemilicheri High Road above this median.
- Nemilicheri Colony: Rs 2,160 per sq.ft (2024)
- Nemilicheri Mettu Street: Rs 2,420 per sq.ft (2024)
- Nemilicheri Road: Rs 2,420 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)
- Nellaiyappar 3rd Street: Rs 2,420 per sq.ft (2024)
Stamp duty and registration fee for property in Nemilicheri High Road
For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value amounts to Rs 27,50,000. The stamp duty at 7% would be Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, bringing the total cost for these fees to Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.
For more information on calculating fees, you can use the stamp duty and registration fee calculator.
Which Sub Registrar Office covers Nemilicheri High Road?
The Sub Registrar Office that covers Nemilicheri High Road 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 details.
How the guideline value is used when you buy or sell in Nemilicherry
The guideline value is a crucial factor in the registration of property transactions in Nemilicherry. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.
When registering a property, the guideline value is compared to the sale price, and the duty is charged on the higher of the two. This ensures that the government receives the appropriate revenue from property transactions in the area.
Frequently asked questions
What is the current guideline value of Nemilicheri High Road?
The current guideline value of Nemilicheri High Road is Rs 2,750 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has changed from Rs 650 per sq.ft in 2007 to Rs 2,750 per sq.ft in 2024, reflecting a total increase of 323% over the years.
What are the stamp duty rates for properties in Nemilicheri High Road?
The stamp duty rate for properties in Nemilicheri High Road is 7% of the guideline value or sale price, whichever is higher.
Where is the Sub Registrar Office located for Nemilicheri High Road?
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 for streets in Nemilicherry?
The median guideline value for the 172 streets in Nemilicherry is Rs 2,160 per sq.ft, with Nemilicheri High Road's value being above this median.
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