Guideline Value for NELLIKUPPAM ROAD

Nellikuppam Road guideline value

The current guideline value of Nellikuppam Road is Rs 1,300 per sq.ft as per the 2023 revision. This road is located in Nalambakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Nellikuppam Road has changed

In the 2017 revision, the guideline value was Rs 871 per sq.ft. This figure was revised to Rs 1,300 per sq.ft in 2023, marking an increase of 49%. The register has no figures for the years 2024, 2012, 2007, 2003, and 2002 for this street.

The significant change from 2017 to 2023 reflects the updated valuation of properties along Nellikuppam Road. The absence of figures for earlier revisions indicates that the valuation for this street has not been consistently recorded in the register.

Guideline values in Nalambakkam

As there are no specific village figures provided, Nellikuppam Road stands alone in the context of guideline values in Nalambakkam. There are no other streets in Nalambakkam under the Gooduvancheri SRO listed.

Stamp duty and registration fee for property in Nellikuppam Road

For a 1,000 sq.ft plot at the current rate of Rs 1,300 per sq.ft, the guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nellikuppam Road?

The Nellikuppam Road is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Nalambakkam, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for legal transfer of ownership.

During registration, the buyer must pay stamp duty based on the higher value between the guideline value and the sale price. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Nellikuppam Road?

The current guideline value of Nellikuppam Road is Rs 1,300 per sq.ft as per the 2023 revision.

How much has the guideline value changed since 2017?

The guideline value increased from Rs 871 per sq.ft in 2017 to Rs 1,300 per sq.ft in 2023, which is a rise of 49%.

What is the registration fee for properties on Nellikuppam Road?

The registration fee for properties on Nellikuppam Road is calculated at 2% of the guideline value. For example, a property valued at Rs 13,00,000 would incur a registration fee of Rs 26,000.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

How is stamp duty calculated for properties in Nellikuppam Road?

Stamp duty is calculated at 7% of the higher value between the guideline value and the sale price. For instance, for a property valued at Rs 13,00,000, the stamp duty would amount to Rs 91,000.