Guideline Value

Corporate

Guideline Value for PANDIT NEHRU ST

₹990/sq.ft.

The guideline value for Pandit Nehru St in Paleripattu village (Avadi SRO, Chennai zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Paleripattu

Village

Avadi

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District
044-26558484
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Pandit Nehru St

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Pandit Nehru St guideline value

The current guideline value of Pandit Nehru St in Paleripattu village is Rs 990 per sq.ft, effective from 1 July 2024. This street falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - I.

How the guideline value of Pandit Nehru St has changed

The guideline value of Pandit Nehru St has undergone several revisions over the years. In the 2012 revision, the value was set at Rs 900 per sq.ft. This figure remained the same until the 2017 revision, where it decreased to Rs 603 per sq.ft. Following this, the 2023 revision increased the value to Rs 900 per sq.ft, and the most recent revision in 2024 set it at Rs 990 per sq.ft, marking a 10% increase from the previous year.

Between the 2017 and 2023 revisions, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has seen a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Paleripattu

Paleripattu village has a total of 111 streets under the Avadi SRO that carry a 2024 guideline value, ranging from Rs 801 to Rs 4,200 per sq.ft. The median value for these streets is Rs 990 per sq.ft, which is equal to the guideline value of Pandit Nehru St.

Stamp duty and registration fee for property in Pandit Nehru St

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty is charged at 7%, which totals Rs 69,300, and the registration fee at 2% amounts to Rs 19,800. Together, the total fees would be Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pandit Nehru St?

The Avadi Sub Registrar Office covers Pandit Nehru St. The office is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum price at which a property can be registered. When buying or selling property in Paleripattu, the guideline value helps in calculating the stamp duty and registration fees that need to be paid during the registration process.

Additionally, the guideline value serves as a benchmark for property transactions, ensuring that properties are sold at a value that aligns with government assessments. This helps maintain transparency and fairness in real estate dealings.

Frequently asked questions

What is the current guideline value of Pandit Nehru St?

The current guideline value of Pandit Nehru St is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification of Pandit Nehru St?

Pandit Nehru St is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Pandit Nehru St?

The Sub Registrar Office covering Pandit Nehru St is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is stamp duty calculated for properties in Pandit Nehru St?

Stamp duty for properties in Pandit Nehru St is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is also applicable.