Guideline Value for Nethaji Nagar

Nethaji Nagar guideline value

The current guideline value of Nethaji Nagar, located in Puthupakkam village, is Rs 450 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint I SRO and is classified as Mixed Type - I land.

How the guideline value of Nethaji Nagar has changed

The guideline value for Nethaji Nagar has undergone several revisions over the years. The most recent revision in 2024 maintained the value at Rs 450 per sq.ft, which was the same as the 2023 revision. Prior to that, in 2017, the guideline value was Rs 301 per sq.ft, indicating a 50% increase from 2017 to 2023. The 2012 revision also set the value at Rs 450 per sq.ft, showing a decrease of 33% from the previous revision in 2017.

Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 450 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Puthupakkam

In Puthupakkam, there are seven streets under the Chengleput Joint I SRO that have a 2024 guideline value ranging from Rs 400 to Rs 500 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Nethaji Nagar's 2024 figure above the median.

• Sai Nagar Phase - I: Rs 500 per sq.ft (2024)
• Sree Krishna Nagar Phase 1: Rs 400 per sq.ft (2024)
• Sree Krishna Nagar Phase-II: Rs 400 per sq.ft (2024)
• Sree Krishna Nagar Phase-III: Rs 400 per sq.ft (2024)
• Sree Krishna Nagar Phase-IV: Rs 400 per sq.ft (2024)
• Vanchinathan Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Nethaji Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 450 per sq.ft, the total guideline value amounts to Rs 4,50,000. The stamp duty at 7% would be Rs 31,500, and the registration fee at 2% would be Rs 9,000, bringing the total charges to Rs 40,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Nethaji Nagar?

Nethaji Nagar is covered by the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, within the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Puthupakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Nethaji Nagar?

The current guideline value of Nethaji Nagar is Rs 450 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 450 per sq.ft since 2012, with a significant increase of 50% from Rs 301 per sq.ft in 2017 to 450 in 2023. The value did not change from 2023 to 2024.

What are the other streets in Puthupakkam and their guideline values?

Other streets in Puthupakkam include Sai Nagar Phase - I at Rs 500 per sq.ft, and several phases of Sree Krishna Nagar, each at Rs 400 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Nethaji Nagar?

For a property valued at Rs 4,50,000, the stamp duty is Rs 31,500 and the registration fee is Rs 9,000, totaling Rs 40,500. This is calculated based on the guideline value.

Where can I find the Sub Registrar Office for Nethaji Nagar?

The Chengleput Joint I Sub Registrar Office covers Nethaji Nagar, located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find more details by following the link provided.