Guideline Value for West Side Nehru Main Road

West Side Nehru Main Road guideline value

The current guideline value of West Side Nehru Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Palavanthangal village, under the Alandur SRO, and is classified as Residential Class II Type - I.

How the guideline value of West Side Nehru Main Road has changed

The guideline value for West Side Nehru Main Road has seen several revisions over the years. The earliest recorded value was Rs 1,250 per sq.ft in 2007. This increased significantly to Rs 3,000 per sq.ft in 2012, marking a 140% rise. However, by 2017, the value dropped to Rs 2,010 per sq.ft, reflecting a decrease of 33%. The value then rose sharply to Rs 3,000 per sq.ft in 2023, and most recently, it has increased by 10% to Rs 3,300 per sq.ft in 2024.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 164%.

Guideline values in Palavanthangal

In Palavanthangal, there are 95 streets under the Alandur SRO that carry a 2024 guideline value, ranging from Rs 2,200 to Rs 11,000 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value of West Side Nehru Main Road is below this median.

• Yadhaval Street: Rs 3,900 per sq.ft (2024)
• Yellamuthamman Koil Lane: Rs 3,300 per sq.ft (2024)
• Yellamuthamman Koil Street: Rs 3,900 per sq.ft (2024)
• Venkatachalam Street: Rs 3,900 per sq.ft (2024)
• Vempuli Amman Koil Street: Rs 3,900 per sq.ft (2024)
• Vembuliamman Koil Extension: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in West Side Nehru Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers West Side Nehru Main Road?

The Sub Registrar Office that covers West Side Nehru Main Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a critical factor when registering property transactions in Palavanthangal. It serves as a benchmark for calculating the stamp duty and registration fees that are required during the sale or purchase of property.

When you buy or sell property, the guideline value is used to ensure that the transaction is recorded accurately and that the appropriate taxes are applied. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of West Side Nehru Main Road?

The current guideline value of West Side Nehru Main Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,250 per sq.ft in 2007 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 164% over the years.

What are the other streets in Palavanthangal with their guideline values?

Other streets in Palavanthangal include Yadhaval Street at Rs 3,900 per sq.ft, Yellamuthamman Koil Lane at Rs 3,300 per sq.ft, and several others, with values ranging up to Rs 3,900 per sq.ft.

How is stamp duty calculated for properties in West Side Nehru Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at 7%.

Where can I find the Sub Registrar Office for West Side Nehru Main Road?

The Sub Registrar Office for West Side Nehru Main Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.