Guideline Value for NOOKAMPALAYAM KANNADASAN STREET

Nookampalayam Kannadasan Street guideline value

The current guideline value of Nookampalayam Kannadasan Street is Rs 2,725 per sq.ft. This street is located in Perumbakkam village, under the Selaiyur Sub Registrar Office (SRO). The land classification for this area is Residential Special Type - I.

How the guideline value of Nookampalayam Kannadasan Street has changed

Looking at the historical revisions, the guideline value for Nookampalayam Kannadasan Street has seen several changes. In 2012, the guideline value was Rs 2,500 per sq.ft. This figure was revised in 2017 to Rs 1,675 per sq.ft, reflecting a decrease of 33%. The value then increased significantly to Rs 2,500 per sq.ft in 2023, and most recently, it has risen to Rs 2,725 per sq.ft in the 2024 revision, marking a 9% increase.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that carry 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 is equal to the current guideline value of Nookampalayam Kannadasan Street.

• Nookampalayam Kamarajar Street: Rs 2,725 per sq.ft (2024)
• Nookampalayam Kattabomman Street: Rs 2,725 per sq.ft (2024)
• Nookampalayam Eswaran Street: Rs 2,725 per sq.ft (2024)
• Nookampalayam Bharathidasan Street: Rs 2,725 per sq.ft (2024)
• Nookampalayam Arasan Kalani Main Road: 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 Kannadasan 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. Together, the total charges would be Rs 2,45,250. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nookampalayam Kannadasan Street?

The Nookampalayam Kannadasan Street falls under 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 when registering property transactions in Perumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, it is essential to refer to the guideline value to understand the financial implications of the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price, which can significantly affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Nookampalayam Kannadasan Street?

The current guideline value of Nookampalayam Kannadasan Street is Rs 2,725 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,725 per sq.ft in 2024.

What is the land classification for Nookampalayam Kannadasan Street?

The land classification for Nookampalayam Kannadasan Street is Residential Special Type - I.

Where can I find the Selaiyur Sub Registrar Office?

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

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher, while the registration fee is charged at 2%. These fees are essential to consider when purchasing property in Nookampalayam Kannadasan Street.