Guideline Value for R.R.NEHETAN

R.R.Nehetan guideline value

The current guideline value of R.R.Nehetan is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Uthandi village under the Neelankarai SRO, classified as Residential Class I Type - II.

How the guideline value of R.R.Nehetan has changed

The guideline value for R.R.Nehetan has seen several revisions over the years. In 2012, the value was set at Rs 2,500 per sq.ft, which then decreased to Rs 1,675 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and currently stands at Rs 2,800 per sq.ft from the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, the guideline value increased by 49%, and from 2023 to 2024, it rose by 12%. Overall, the change from 2012 to 2024 shows a modest increase of 12% in the guideline value.

Guideline values in Uthandi

In Uthandi, there are 197 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 14,700 per sq.ft. The median value for these streets is Rs 1,700 per sq.ft, placing R.R.Nehetan's 2024 figure above the median.

• Rukmaniradha Kannan Garden: Rs 1,100 per sq.ft (2024)
• Rice Mill Street: Rs 2,200 per sq.ft (2024)
• Ranganathan, Neela Garden: Rs 1,100 per sq.ft (2024)
• Ranganathan Avenue: Rs 4,400 per sq.ft (2024)
• Ramu, Raja Manickam Thottam: Rs 1,100 per sq.ft (2024)
• Ramu Kannan Gunasekaran Garden: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in R.R.Nehetan

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees to Rs 2,52,000. Duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers R.R.Nehetan?

The Sub Registrar Office that covers R.R.Nehetan is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration process of property transactions in Uthandi. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when buying or selling property.

Frequently asked questions

What is the current guideline value of R.R.Nehetan?

The current guideline value of R.R.Nehetan is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and is now Rs 2,800 per sq.ft in 2024.

What is the land classification of R.R.Nehetan?

R.R.Nehetan is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for property in R.R.Nehetan?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Which office handles registrations for R.R.Nehetan?

The Neelankarai Sub Registrar Office handles registrations for R.R.Nehetan, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.