Guideline Value for N.S.C. Bose Street

N.S.C. Bose Street guideline value

The current guideline value of N.S.C. Bose Street is Rs 150 per sq.ft, effective from 1 July 2024. This street is located in Amarampedu village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of N.S.C. Bose Street has changed

The guideline value for N.S.C. Bose Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 150 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 100 per sq.ft, marking a 33% drop. However, the value increased by 50% in the 2023 revision, bringing it back to Rs 150 per sq.ft. The 2024 revision has maintained this figure, showing no change from the previous year.

There are no figures available for N.S.C. Bose Street in the revisions from 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has remained unchanged at Rs 150 per sq.ft.

Guideline values in Amarampedu

In Amarampedu, there are 45 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 500 per sq.ft. The median guideline value in this area is Rs 200 per sq.ft, which means N.S.C. Bose Street's 2024 figure is below that median.

• N.S.A. Nagar: Rs 150 per sq.ft (2024)
• Pachaiamman Koil Street: Rs 150 per sq.ft (2024)
• Parvathi Nagar Extn: Rs 350 per sq.ft (2024)
• Parvathi Nagar Part 1: Rs 350 per sq.ft (2024)
• Parvathi Nagar Part 2: Rs 350 per sq.ft (2024)
• Perumal Koil Street: Rs 350 per sq.ft (2024)

Stamp duty and registration fee for property in N.S.C. Bose Street

For a 1,000 sq.ft plot at the current rate of Rs 150 per sq.ft, the guideline value would be Rs 1,50,000. The stamp duty at 7% would amount to Rs 10,500, while the registration fee at 2% would be Rs 3,000. Together, these fees would total Rs 13,500. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers N.S.C. Bose Street?

The Sub Registrar Office that covers N.S.C. Bose Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Amarampedu. It serves as the basis for calculating stamp duty and registration fees, which are mandatory for property transactions. Buyers must ensure that they are aware of the guideline value to avoid any discrepancies during the registration process.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of N.S.C. Bose Street?

The current guideline value of N.S.C. Bose Street is Rs 150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 100 per sq.ft in 2017, then back to Rs 150 per sq.ft in 2023 and 2024. Overall, from 2012 to 2024, the value has remained unchanged.

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

Other streets in Amarampedu include N.S.A. Nagar and Pachaiamman Koil Street, both at Rs 150 per sq.ft, while Parvathi Nagar Extn, Part 1, Part 2, and Perumal Koil Street are at Rs 350 per sq.ft.

How is stamp duty calculated for properties in N.S.C. Bose Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at Rs 150 per sq.ft would incur a stamp duty of Rs 10,500.

Where can I find my Sub Registrar Office?

You can find your Sub Registrar Office by visiting the Sriperumpudur Sub Registrar Office located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. More details can be found through the provided link.