Guideline Value for NOCHIKKUPPAM TNSCB TENEMENTS

Nochikkuppam Tnscb Tenements guideline value

The current guideline value of Nochikkuppam Tnscb Tenements is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Mylapore village, which falls under the Mylapore SRO. The land classification for this area is Residential Class V Type - III.

How the guideline value of Nochikkuppam Tnscb Tenements has changed

The guideline value has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which was then reduced to Rs 2,010 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 3,000 per sq.ft, and the latest 2024 revision has further increased it to Rs 3,300 per sq.ft. Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The overall change from 2012 to 2024 is an increase of 10%, reflecting the current guideline value of Rs 3,300 per sq.ft.

Guideline values in Mylapore

In Mylapore, there are 883 streets under the Mylapore SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 25,800 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Nochikkuppam Tnscb Tenements below this median.

• Nochikkuppam Slum: Rs 3,300 per sq.ft (2024)
• Nithiyanandam Street: Rs 8,800 per sq.ft (2024)
• Nimmo Street: Rs 8,800 per sq.ft (2024)
• Norton 1st Lane/Street: Rs 9,300 per sq.ft (2024)
• Norton 2nd Lane/Street: Rs 9,300 per sq.ft (2024)
• Norton 3rd Lane/Street: Rs 9,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nochikkuppam Tnscb Tenements

For a 1,000 sq.ft plot at the current guideline value, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, while the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. Please note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nochikkuppam Tnscb Tenements?

The Sub Registrar Office that covers Nochikkuppam Tnscb Tenements is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor when registering property transactions in Mylapore. It serves as a benchmark for determining the stamp duty and registration fees payable during the sale or purchase of property.

When a property is sold, the registration office uses the guideline value to calculate the applicable fees. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring that the registration process is aligned with the established values in the area.

Frequently asked questions

What is the current guideline value for Nochikkuppam Tnscb Tenements?

The current guideline value for Nochikkuppam Tnscb Tenements 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 3,000 per sq.ft in 2012 to Rs 2,010 per sq.ft in 2017, then to Rs 3,000 per sq.ft in 2023, and finally to Rs 3,300 per sq.ft in 2024.

What is the land classification for Nochikkuppam Tnscb Tenements?

The land classification for Nochikkuppam Tnscb Tenements is Residential Class V Type - III.

What is the stamp duty rate for property in Nochikkuppam Tnscb Tenements?

The stamp duty rate for property in Nochikkuppam Tnscb Tenements is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Nochikkuppam Tnscb Tenements?

The Sub Registrar Office for Nochikkuppam Tnscb Tenements is the Mylapore Sub Registrar Office, located at No:5/9, Kavingar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai - 600018.