Guideline Value for Nethaji Road

Nethaji Road guideline value

The current guideline value of Nethaji Road, located in 2nd Division village under the Kanchipuram Joint IV SRO, is Rs 880 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Nethaji Road has changed

The guideline value for Nethaji Road has seen several revisions over the years. In 2007, the value was Rs 500 per sq.ft, which increased to Rs 800 per sq.ft in 2012. However, it then decreased to Rs 536 per sq.ft in 2017. The 2023 revision marked a significant increase to Rs 800 per sq.ft, followed by a further increase to Rs 880 per sq.ft in 2024, representing a 10% rise from the previous year. The register has no figures for the years 2002 and 2003 for this street.

Overall, from 2007 to 2024, the guideline value has increased by 76%. The changes between the revisions are notable, with a 60% increase from 2007 to 2012, a decrease of 33% from 2012 to 2017, and a substantial increase of 49% from 2017 to 2023.

Guideline values in 2nd Division

In 2nd Division, there are 101 streets under the Kanchipuram Joint IV SRO with a 2024 guideline value ranging from Rs 800 to Rs 11,000 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, indicating that Nethaji Road's 2024 figure is below this median.

• Nethaji Street: Rs 880 per sq.ft (2024)
• Nethaji Nagar: Rs 880 per sq.ft (2024)
• Nellukara Street: Rs 5,500 per sq.ft (2024)
• Narayanapalayam Street: Rs 1,100 per sq.ft (2024)
• Nagaluthu Street: Rs 1,100 per sq.ft (2024)
• Nagaluthu Medu Arasamara Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in Nethaji Road

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value amounts to Rs 8,80,000. The stamp duty at 7% would be Rs 61,600, while the registration fee at 2% would be Rs 17,600, bringing the total to Rs 79,200. 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 details.

Which Sub Registrar Office covers Nethaji Road?

The Kanchipuram Joint IV Sub Registrar Office covers Nethaji Road. The office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 2nd Division

The guideline value plays a significant role during the registration process of property transactions in 2nd Division. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When registering a property, the guideline value is considered to ensure that the transaction reflects a fair value for the property. Buyers and sellers must be aware of the guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Nethaji Road?

The current guideline value of Nethaji Road is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2007 to Rs 880 per sq.ft in 2024, reflecting an overall increase of 76% over the years.

What is the land classification for Nethaji Road?

Nethaji Road is classified as Residential Class III Type - I, which indicates its suitability for residential development.

What are the stamp duty and registration fees for property in Nethaji Road?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 79,200.

Where is the Kanchipuram Joint IV Sub Registrar Office located?

The Kanchipuram Joint IV Sub Registrar Office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.