Guideline Value for Nethaji subash santhiraposh street

Nethaji subash santhiraposh street guideline value

The current guideline value of Nethaji subash santhiraposh street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Chitlapakkam village under the Tambaram Joint 1 SRO, classified as Residential Class II Type - II.

How the guideline value of Nethaji subash santhiraposh street has changed

The guideline value for Nethaji subash santhiraposh street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft. In 2023, the value increased to Rs 1,000 per sq.ft, and the most recent revision in 2024 has set it at Rs 1,100 per sq.ft, reflecting a 10% increase from the previous year.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased significantly by 49%. 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 Chitlapakkam

In Chitlapakkam, there are 548 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 8,800 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, indicating that Nethaji subash santhiraposh street's 2024 figure is below that median.

• Neru street (M.G.R Nagar 1st kulakkarai street varai): Rs 1,100 per sq.ft (2024)
• Nelson Mandela Street: Rs 1,650 per sq.ft (2024)
• New Plot Division: Rs 1,100 per sq.ft (2024)
• New Plot Extension Road: Rs 1,100 per sq.ft (2024)
• Nehru Street (MGR Nagar Ist Kulakkarai St): Rs 1,650 per sq.ft (2024)
• Nehru Street MGR Nagar Ist: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Nethaji subash santhiraposh street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, totaling Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nethaji subash santhiraposh street?

The Nethaji subash santhiraposh 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 Chitlapakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Chitlapakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are based on a standardized value for properties in the area.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable fees. This ensures that the registration process is transparent and fair, reflecting the value of the property being transacted.

Frequently asked questions

What is the current guideline value for Nethaji subash santhiraposh street?

The current guideline value for Nethaji subash santhiraposh street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 in 2023, and finally to Rs 1,100 in 2024. This reflects various fluctuations in the value over the years.

What is the land classification for Nethaji subash santhiraposh street?

Nethaji subash santhiraposh street is classified as Residential Class II Type - II, indicating its designation for residential purposes.

What are the stamp duty and registration fees for properties in Nethaji subash santhiraposh street?

For a plot of 1,000 sq.ft, the guideline value is Rs 11,00,000, resulting in a stamp duty of Rs 77,000 and a registration fee of Rs 22,000, totaling Rs 99,000.

Which office handles the registration for Nethaji subash santhiraposh street?

The registration for Nethaji subash santhiraposh street is handled by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.