Guideline Value for NOOKAMPALAYAM BHARATHIDASAN STREET

Nookampalayam Bharathidasan Street guideline value

The current guideline value of Nookampalayam Bharathidasan Street is Rs 2,725 per sq.ft, effective from 1 July 2024. This street is located in Perumbakkam village, under the Selaiyur SRO, and falls under the Residential Special Type - I land classification.

How the guideline value of Nookampalayam Bharathidasan Street has changed

The guideline value for Nookampalayam Bharathidasan Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which was later reduced to Rs 1,675 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,500 per sq.ft in the 2023 revision and further rose to Rs 2,725 per sq.ft in the 2024 revision, marking a 9% increase from the previous year.

In summary, the guideline value has changed from Rs 2,500 in 2012 to Rs 2,725 in 2024, reflecting an overall increase of 9%. The revisions for the years 2002, 2003, and 2007 do not have figures available for this street.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 4,800 per sq.ft. The median guideline value for these streets is Rs 2,725 per sq.ft, which is the same as the current value for Nookampalayam Bharathidasan Street.

• Nookampalayam Arasan Kalani Main Road: Rs 2,725 per sq.ft (2024)
• Nookampalayam Eswaran Street: Rs 2,725 per sq.ft (2024)
• Nookampalayam Kamarajar Street: Rs 2,725 per sq.ft (2024)
• Nookampalayam Kannadasan Street: Rs 2,725 per sq.ft (2024)
• Nookampalayam Kattabomman Street: Rs 2,725 per sq.ft (2024)
• Nookampalayam Main Road: Rs 2,725 per sq.ft (2024)

Stamp duty and registration fee for property in Nookampalayam Bharathidasan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,725 per sq.ft, the total guideline value would be Rs 27,25,000. The stamp duty at 7% would amount to Rs 1,90,750, while the registration fee at 2% would be Rs 54,500. Together, the total cost for these fees would be Rs 2,45,250. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Nookampalayam Bharathidasan Street?

The Nookampalayam Bharathidasan Street is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone.

You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Perumbakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as the registration fees and stamp duty are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property, it is essential to ensure that the sale price aligns with the guideline value to avoid any legal complications during the registration process. The guideline value serves as a benchmark for property transactions, ensuring transparency and fairness in the real estate market.

Frequently asked questions

What is the current guideline value of Nookampalayam Bharathidasan Street?

The current guideline value of Nookampalayam Bharathidasan Street is Rs 2,725 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 in 2012 to Rs 1,675 in 2017, then increased to Rs 2,500 in 2023, and finally to Rs 2,725 in 2024. Overall, this reflects a 9% increase from 2012 to 2024.

Which Sub Registrar Office covers this street?

The Selaiyur Sub Registrar Office covers Nookampalayam Bharathidasan Street. The office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

What are the stamp duty and registration fees for property in this area?

For a 1,000 sq.ft plot at the current guideline value, the total guideline value is Rs 27,25,000. The stamp duty at 7% amounts to Rs 1,90,750, and the registration fee at 2% is Rs 54,500, totaling Rs 2,45,250 for these fees.

Are there other streets in Perumbakkam with the same guideline value?

Yes, there are several other streets in Perumbakkam with the same guideline value of Rs 2,725 per sq.ft, including Nookampalayam Arasan Kalani Main Road, Nookampalayam Eswaran Street, Nookampalayam Kamarajar Street, Nookampalayam Kannadasan Street, Nookampalayam Kattabomman Street, and Nookampalayam Main Road.