Guideline Value for Nethaji Nagar

Nethaji Nagar guideline value

The current guideline value of Nethaji Nagar is Rs 450 per sq.ft, effective from 1 July 2024. This street is located in P.V.Kalathur A village under the Chengleput Joint I SRO, with a land classification of Residential Special Type - I.

How the guideline value of Nethaji Nagar has changed

The guideline value for Nethaji Nagar has remained consistent at Rs 450 per sq.ft for the 2023 and 2024 revisions. Prior to this, the 2017 revision set the value at Rs 301 per sq.ft, marking a 50% increase in value from 2017 to 2023.

For the years 2002, 2003, 2007, and 2012, the register has no figure for this street. Overall, from the 2017 revision to the 2024 revision, there has been a 50% increase in the guideline value.

Guideline values in P.V.Kalathur A

In P.V.Kalathur A, there are 21 streets under the Chengleput Joint I SRO that carry a guideline value for 2024, ranging from Rs 250 to Rs 450 per sq.ft. The median guideline value for these streets is Rs 402 per sq.ft, placing Nethaji Nagar's 2024 figure above that median.

• Maruthi Nagar: Rs 450 per sq.ft (2024)
• Priya Nagar: Rs 400 per sq.ft (2024)
• Ramakrishna Nagar Ext: Rs 402 per sq.ft (2024)
• Ramakrishna Nagar Part-II: Rs 250 per sq.ft (2024)
• Ramakrishna Nagar Part-II Ext: Rs 250 per sq.ft (2024)
• Ramana Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Nethaji Nagar

For a 1,000 sq.ft plot at the current rate, the 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, totaling Rs 40,500. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nethaji Nagar?

Nethaji Nagar falls under the jurisdiction of the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 P.V.Kalathur A

The guideline value is a critical factor in the registration process when buying or selling property in P.V.Kalathur A. It determines the minimum value at which a property can be registered, influencing the stamp duty and registration fees payable to the authorities.

When you proceed with a transaction, the guideline value helps ensure that the property is registered at a fair value, which is essential for both buyers and sellers. This value is regularly updated to reflect market conditions and is used as a benchmark for property transactions.

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 for Nethaji Nagar has remained at Rs 450 per sq.ft for the 2023 and 2024 revisions. It increased from Rs 301 per sq.ft in 2017, showing a 50% rise overall from 2017 to 2024.

What are the guideline values of other streets in P.V.Kalathur A?

In P.V.Kalathur A, the guideline values range from Rs 250 to Rs 450 per sq.ft. Other streets include Maruthi Nagar at Rs 450, Priya Nagar at Rs 400, and Ramakrishna Nagar Ext at Rs 402 per sq.ft.

How is stamp duty calculated for properties in Nethaji Nagar?

Stamp duty for properties in Nethaji Nagar is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 4,50,000, the stamp duty would be Rs 31,500 at a rate of 7%.

Where can I find my Sub Registrar Office?

The Chengleput Joint I Sub Registrar Office covers Nethaji Nagar and is located at 10, Kancheepuram Main Road, Chengalpattu 603 002. You can find your SRO through the provided link.