Guideline Value for Nethaji Nagar 1st Street

Nethaji Nagar 1st Street guideline value

The current guideline value of Nethaji Nagar 1st Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Nethaji Nagar 1st Street has changed

The guideline value for Nethaji Nagar 1st Street has undergone several revisions over the years. The 2017 revision set the value at Rs 1,072 per sq.ft, which increased to Rs 1,600 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the value to Rs 1,760 per sq.ft, reflecting a 10% increase from the previous year. Overall, from 2017 to 2024, there has been a significant increase of 64% in the guideline value.

There are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register. The changes between the revisions indicate a steady increase in the guideline value over the years, particularly from 2017 to 2023, where it rose by 49%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Nethaji Nagar 1st Street's 2024 figure below this median.

• Nethaji Nagar Main Road: Rs 1,760 per sq.ft (2024)
• Netaji Nagar: Rs 1,760 per sq.ft (2024)
• Nesamani Street: Rs 1,760 per sq.ft (2024)
• NorthRatha Veethi: Rs 1,760 per sq.ft (2024)
• Natarajan Street (Balaji Nagar): Rs 2,350 per sq.ft (2024)
• Nyaniyar Nagar: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Nethaji Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty at 7% would amount to Rs 1,23,200, and the registration fee at 2% would be Rs 35,200, resulting in a total of Rs 1,58,400. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Nethaji Nagar 1st Street?

The Sub Registrar Office that covers Nethaji Nagar 1st Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Anakaputhur, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on a standardized valuation.

It is essential for buyers and sellers to be aware of the current guideline value for their property to avoid any discrepancies during registration. Understanding the guideline value helps in making informed decisions regarding property transactions.

Frequently asked questions

What is the current guideline value of Nethaji Nagar 1st Street?

The current guideline value of Nethaji Nagar 1st Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 1,072 per sq.ft in 2017 to Rs 1,600 per sq.ft in 2023, and then to Rs 1,760 per sq.ft in 2024. This represents a total increase of 64% from 2017 to 2024.

What are the stamp duty and registration fees for property in Nethaji Nagar 1st Street?

For a property valued at Rs 17,60,000, the stamp duty would be Rs 1,23,200 and the registration fee would be Rs 35,200, totaling Rs 1,58,400.

Which office handles registrations for Nethaji Nagar 1st Street?

The Pammal Sub Registrar Office handles registrations for Nethaji Nagar 1st Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Nethaji Nagar 1st Street?

Nethaji Nagar 1st Street is classified as Residential Class II Type - I, indicating its suitability for residential development.