Guideline Value for Neuton Street

Neuton Street guideline value

The current guideline value of Neuton Street in Perungalathur village, under the Padappai SRO, is Rs 1,980 per sq.ft, effective from 1 July 2024. This street is classified as Residential Class III Type - I.

How the guideline value of Neuton Street has changed

The guideline value for Neuton Street has seen several revisions over the years. In 2007, the value was Rs 250 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2012. However, this figure dropped to Rs 1,206 per sq.ft in 2017. Following that, the value rose to Rs 1,800 per sq.ft in 2023, and currently stands at Rs 1,980 per sq.ft as of the 2024 revision.

From 2017 to 2023, the guideline value increased by 49%, while from 2012 to 2017, it saw a decrease of 33%. The most notable change was from 2007 to 2012, where the value surged by 620%. Overall, from 2007 to 2024, the guideline value has increased by 692%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 1,320 to Rs 5,500 per sq.ft, with a median value of Rs 2,310 per sq.ft. Neuton Street's 2024 guideline value is below this median.

• Nethaji Street: Rs 2,640 per sq.ft (2024)
• Nethaji Nagar: Rs 2,310 per sq.ft (2024)
• Nehru Street: Rs 2,970 per sq.ft (2024)
• Nehru Nedunchalai: Rs 2,970 per sq.ft (2024)
• N.G.O.Colony: Rs 3,960 per sq.ft (2024)
• N.T.R.Garden: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Neuton Street

For a 1,000 sq.ft plot at the current rate of Rs 1,980 per sq.ft, the guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, totaling Rs 1,78,200. Please note that duty is charged on the higher of the guideline value and the sale price. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Neuton Street?

The Sub Registrar Office that covers Neuton Street 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 details.

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

The guideline value is an essential factor when registering property transactions in Perungalathur. It determines the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded accurately in the official register.

When a buyer or seller approaches the registration office, the guideline value is referenced to calculate applicable fees, such as stamp duty and registration charges. This process helps maintain transparency and legality in property transactions.

Frequently asked questions

What is the current guideline value of Neuton Street?

The current guideline value of Neuton Street is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 250 per sq.ft in 2007 to Rs 1,980 per sq.ft in 2024, reflecting an overall increase of 692% over the years.

What is the median guideline value in Perungalathur?

The median guideline value in Perungalathur is Rs 2,310 per sq.ft for the year 2024.

What are the stamp duty and registration fees for Neuton Street?

For a property valued at Rs 19,80,000, the stamp duty would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles registrations for Neuton Street?

The Padappai Sub Registrar Office handles registrations for Neuton Street, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.