Guideline Value for Nethaji Street Vard 13th

Nethaji Street Vard 13th guideline value

The current guideline value of Nethaji Street Vard 13th is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Peerklankaranai village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class I Type - II.

How the guideline value of Nethaji Street Vard 13th has changed

Over the years, the guideline value of Nethaji Street Vard 13th has seen several revisions. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained the same in the 2017 revision. However, in 2017, the value increased to Rs 1,005 per sq.ft, marking a decrease of 33%. The 2023 revision brought the value up to Rs 1,500 per sq.ft, and the latest 2024 revision has set it at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The revisions for the years 2002, 2003, and 2007 do not have any figures recorded for this street in the register.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 4,400 per sq.ft. The median value is Rs 1,650 per sq.ft, which is equal to the guideline value of Nethaji Street Vard 13th.

• Nethaji Street: Rs 1,650 per sq.ft (2024)
• Nehru Street: Rs 1,100 per sq.ft (2024)
• Nile Street: Rs 1,320 per sq.ft (2024)
• Noble Street: Rs 2,200 per sq.ft (2024)
• Navalar Street: Rs 1,100 per sq.ft (2024)
• Narasimman Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Nethaji Street Vard 13th

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, while the registration fee at 2% would be Rs 33,000, bringing the total cost to Rs 1,48,500. 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 precise calculations.

Which Sub Registrar Office covers Nethaji Street Vard 13th?

The Sub Registrar Office that covers Nethaji Street Vard 13th is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, 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 Peerklankaranai

The guideline value is a crucial factor when registering property transactions in Peerklankaranai. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the transaction is recorded at a fair value as per the government norms.

When buying or selling property, the guideline value helps determine the legal obligations related to taxes and fees. It is essential for both buyers and sellers to be aware of the current guideline value to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of Nethaji Street Vard 13th?

The current guideline value of Nethaji Street Vard 13th is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, reflecting an overall increase of 10% from 2012 to 2024.

What are the other streets in Peerklankaranai with their guideline values?

Other streets in Peerklankaranai include Nehru Street at Rs 1,100 per sq.ft, Nile Street at Rs 1,320 per sq.ft, Noble Street at Rs 2,200 per sq.ft, Navalar Street at Rs 1,100 per sq.ft, and Narasimman Street at Rs 1,320 per sq.ft for 2024.

Where can I find the Sub Registrar Office for Nethaji Street Vard 13th?

The Sub Registrar Office for Nethaji Street Vard 13th is located at No.26, Mes Road, East Tambaram, Chennai-600059, under the Chengalpattu registration zone.

How is the stamp duty calculated for properties in Nethaji Street Vard 13th?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 16,50,000, the stamp duty would be Rs 1,15,500.