Guideline Value for NELLUKKARA STREET

Nellukkara Street guideline value

The current guideline value of Nellukkara Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in KANCHIPURAM TOWN 3rd DIVISION under the Kanchipuram Joint II SRO, and is classified as Residential Special Type - I.

How the guideline value of Nellukkara Street has changed

The guideline value for Nellukkara Street has undergone several revisions over the years. In 2003, the value was Rs 837 per sq.ft, which increased to Rs 1,000 per sq.ft in 2007, marking a 19% rise. The 2012 revision saw a significant jump to Rs 5,000 per sq.ft, reflecting a 400% increase. However, in 2017, the value decreased to Rs 3,350 per sq.ft, a drop of 33%. The value then rose again to Rs 5,000 per sq.ft in 2023, before reaching the current figure of Rs 5,500 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 557%. It is important to note that there is no recorded figure for Nellukkara Street in the 2002 revision.

Guideline values in KANCHIPURAM TOWN 3rd DIVISION

In KANCHIPURAM TOWN 3rd DIVISION, there are 48 streets under the Kanchipuram Joint II SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 5,500 per sq.ft. The median value among these streets is Rs 1,320 per sq.ft, placing Nellukkara Street's 2024 figure significantly above this median.

• Okkapiranthan Kulam Pudhu Street: Rs 1,320 per sq.ft (2024)
• Okkapiranthan Kulam Street: Rs 1,320 per sq.ft (2024)
• Pallavar Medu: Rs 1,320 per sq.ft (2024)
• Mathanam Palayam Street: Rs 880 per sq.ft (2024)
• Pillaiyar Palayam Nadu Street: Rs 1,320 per sq.ft (2024)
• Mandu Kanneswarar Koil Street: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Nellukkara Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000. The total cost for these fees would be Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Nellukkara Street?

The Sub Registrar Office that covers Nellukkara Street is the Kanchipuram Joint II Sub Registrar Office, located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.

To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in KANCHIPURAM TOWN 3rd DIVISION

The guideline value is a crucial factor in the registration process of property transactions in KANCHIPURAM TOWN 3rd DIVISION. It serves as a benchmark for determining the minimum value on which stamp duty and registration fees are calculated, ensuring that the property is registered at a fair value.

When buying or selling property, the guideline value helps both parties understand the official value of the property, which is essential for legal and financial purposes. This value is used by the registration authorities to assess the applicable fees and taxes during the transaction.

Frequently asked questions

What is the current guideline value of Nellukkara Street?

The current guideline value of Nellukkara Street is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 837 per sq.ft in 2003 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 557% over the years.

What is the land classification for Nellukkara Street?

Nellukkara Street is classified as Residential Special Type - I under the Kanchipuram Joint II SRO.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Where is the Sub Registrar Office located for Nellukkara Street?

The Kanchipuram Joint II Sub Registrar Office is located at Kamarajar Road, Taluk Office Campus, Kanchipuram-631 501, Chengalpattu registration zone.