Guideline Value for Nethaji Nagar 1st Street

Nethaji Nagar 1st Street guideline value

The current guideline value of Nethaji Nagar 1st Street is Rs 4,900 per sq.ft, effective from 1 July 2024. This street is located in Kodambakkam village under the Ashok Nagar SRO, classified as Residential Class III Type - II.

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 2007 revision set the value at Rs 1,210 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a 272% rise. However, the value dropped to Rs 3,015 per sq.ft in 2017, a decrease of 33%. The subsequent revision in 2023 saw the value rise to Rs 4,500 per sq.ft, followed by a further increase to Rs 4,900 per sq.ft in 2024, which is a 9% change from the previous year.

There are no recorded figures for Nethaji Nagar 1st Street in the 2002 and 2003 revisions. Overall, from the 2007 revision to the current 2024 value, there has been a substantial increase of 305%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO, with guideline values ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median value is Rs 4,900 per sq.ft, which aligns with the current guideline value of Nethaji Nagar 1st Street.

• Nethaji Nagar 2nd Street: Rs 4,900 per sq.ft (2024)
• Nethaji Nagar 3rd Street: Rs 4,900 per sq.ft (2024)
• Neithal Street: Rs 3,300 per sq.ft (2024)
• Nehru Street (Dr. Kanu Nagar 2nd Street): Rs 2,200 per sq.ft (2024)
• Nehru Nagar New Layout: Rs 2,700 per sq.ft (2024)
• Nehru Nagar Main Road,Nesappakkam: Rs 2,700 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 4,900 per sq.ft, the total guideline value would be Rs 49,00,000. The stamp duty at 7% would amount to Rs 3,43,000, and the registration fee at 2% would be Rs 98,000, totaling Rs 4,41,000. 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 Nethaji Nagar 1st Street?

The Sub Registrar Office that covers Nethaji Nagar 1st Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Kodambakkam. It helps determine the stamp duty and registration fees that need to be paid, ensuring transparency in 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 4,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, from Rs 1,210 per sq.ft in 2007 to Rs 4,900 per sq.ft in 2024, marking an overall increase of 305%.

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

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

Where is the Ashok Nagar Sub Registrar Office located?

The Ashok Nagar Sub Registrar Office is located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 49,00,000, the total fees would amount to Rs 4,41,000.