Guideline Value for Nethaji Street

Nethaji Street guideline value

The current guideline value of Nethaji Street in Agaramthen village is Rs 830 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class I Type - II.

How the guideline value of Nethaji Street has changed

The guideline value for Nethaji Street has seen several revisions over the years. In the 2012 revision, the value was Rs 750 per sq.ft. This was followed by a decrease to Rs 502 per sq.ft in the 2017 revision. The 2023 revision increased the value to Rs 750 per sq.ft, and the latest revision in 2024 raised it to Rs 830 per sq.ft, marking an increase of 11% from the previous year.

From the 2017 revision to 2023, there was a significant increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 11%. The register has no figures for Nethaji Street for the years 2002, 2003, and 2007.

Guideline values in Agaramthen

Agaramthen village has 125 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 440 to Rs 3,700 per sq.ft. The median guideline value is Rs 830 per sq.ft, which matches the current value of Nethaji Street.

• Nesamani Street: Rs 830 per sq.ft (2024)
• Nehru Street: Rs 830 per sq.ft (2024)
• Nalla Thanneer Kulam (South): Rs 830 per sq.ft (2024)
• Nalla Thanneer Kulam (North): Rs 830 per sq.ft (2024)
• Muthu Mariamman Street: Rs 830 per sq.ft (2024)
• Monisha Avenue: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Nethaji Street

For a 1,000 sq.ft plot at the current guideline value of Rs 830 per sq.ft, the total guideline value amounts to Rs 8,30,000. The stamp duty at 7% would be Rs 58,100, and the registration fee at 2% would be Rs 16,600, bringing the total costs together to Rs 74,700. It is important to note that 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 further calculations.

Which Sub Registrar Office covers Nethaji Street?

Nethaji Street is covered by 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 Agaramthen

The guideline value is a crucial factor during the registration of property transactions in Agaramthen. It helps determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

Frequently asked questions

What is the current guideline value of Nethaji Street?

The current guideline value of Nethaji Street is Rs 830 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 750 per sq.ft in 2012 to Rs 502 per sq.ft in 2017, then back to Rs 750 per sq.ft in 2023, and finally to Rs 830 per sq.ft in 2024.

What is the land classification of Nethaji Street?

Nethaji Street is classified as Residential Class I Type - II under the Tambaram Joint 1 SRO.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For example, a 1,000 sq.ft plot at Rs 830 per sq.ft incurs total costs of Rs 74,700.

Where is the Sub Registrar Office for Nethaji Street located?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.