Guideline Value for Nethaji Nagar

Nethaji Nagar guideline value

The current guideline value of Nethaji Nagar, located in Pazhanthandalam village under the Padappai SRO, is Rs 1,100 per sq.ft. This value is effective from the 2024 revision, which reflects the land classification as Residential Special Type - I.

How the guideline value of Nethaji Nagar has changed

Over the years, the guideline value of Nethaji Nagar has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which then decreased to Rs 670 per sq.ft in the 2017 revision. Following this, the value increased to Rs 1,000 per sq.ft in 2023, and finally, the current value is Rs 1,100 per sq.ft from the 2024 revision, marking a 10% increase from the previous year.

In terms of percentage changes, the guideline value rose by 49% from 2017 to 2023, while there was a decrease of 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pazhanthandalam

Pazhanthandalam has a total of 57 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 1,980 per sq.ft, with the median value being Rs 1,100 per sq.ft. Nethaji Nagar's 2024 figure aligns with this median.

• New Portia: Rs 1,100 per sq.ft (2024)
• Nivedhidha Nagar: Rs 1,100 per sq.ft (2024)
• Nivethitha Nagar Extension: Rs 1,100 per sq.ft (2024)
• Orr Diamond Avenue: Rs 1,760 per sq.ft (2024)
• Nadesanar Street: Rs 1,100 per sq.ft (2024)
• Pazhanthandalam Main Road: Rs 1,100 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 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, resulting in a total of Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nethaji Nagar?

The Sub Registrar Office that covers Nethaji Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Pazhanthandalam. When buying or selling property, the guideline value is used to determine the applicable 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, as it affects the overall cost of property transactions. Understanding this value helps in budgeting for the additional costs associated with property registration.

Frequently asked questions

What is the current guideline value of Nethaji Nagar?

The current guideline value of Nethaji Nagar is Rs 1,100 per sq.ft, effective from the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Nethaji Nagar?

Nethaji Nagar is classified as Residential Special Type - I, which influences its guideline value.

What are the stamp duty rates applicable in Nethaji Nagar?

The stamp duty rate in Nethaji Nagar is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

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

The Sub Registrar Office for Nethaji Nagar is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.