Guideline Value for NOOKAMPALAYAM ESWARAN STREET

Nookampalayam Eswaran Street guideline value

The current guideline value of Nookampalayam Eswaran 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 it falls under the Residential Special Type - I land classification.

How the guideline value of Nookampalayam Eswaran Street has changed

From the 2012 revision to the 2017 revision, the guideline value decreased from Rs 2,500 per sq.ft to Rs 1,675 per sq.ft, marking a decline of 33%. However, from the 2017 revision to the 2023 revision, the value increased significantly to Rs 2,500 per sq.ft, reflecting a rise of 49%. The current 2024 value of Rs 2,725 per sq.ft shows a 9% increase from the previous year’s figure of Rs 2,500 per sq.ft.

There are no figures available for Nookampalayam Eswaran Street for the revisions in 2002, 2003, and 2007. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 9%.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that have a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value is Rs 2,725 per sq.ft, which matches the 2024 guideline value of Nookampalayam Eswaran Street.

• Nookampalayam Bharathidasan Street: Rs 2,725 per sq.ft (2024)
• Nookampalayam Kamarajar Street: Rs 2,725 per sq.ft (2024)
• Nookampalayam Arasan Kalani Main Road: 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 Eswaran 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, and the registration fee at 2% would be Rs 54,500, bringing the total cost for these fees to Rs 2,45,250. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nookampalayam Eswaran Street?

The Sub Registrar Office that covers Nookampalayam Eswaran Street is 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 during the registration process of property transactions in Perumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. These fees are based on the higher of the guideline value or the actual sale price, which ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Nookampalayam Eswaran Street?

The current guideline value of Nookampalayam Eswaran 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 per sq.ft in 2023 to Rs 2,725 per sq.ft in 2024, an increase of 9%. It decreased from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then rose to Rs 2,500 per sq.ft in 2023.

What is the land classification of Nookampalayam Eswaran Street?

Nookampalayam Eswaran Street is classified as Residential Special Type - I under the land classification system.

Which Sub Registrar Office should I contact for property transactions?

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

How is stamp duty calculated for properties in Nookampalayam Eswaran Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 27,25,000, the stamp duty at 7% would be Rs 1,90,750.