Guideline Value for NOOKAMPALAYAM KATTABOMMAN STREET

Nookampalayam Kattabomman Street guideline value

The current guideline value of Nookampalayam Kattabomman Street is Rs 2,725 per sq.ft, effective from 1 July 2024. This street is located in Perumbakkam village, under the Selaiyur Sub Registrar Office, and is classified as Residential Special Type - I.

How the guideline value of Nookampalayam Kattabomman Street has changed

The guideline value for Nookampalayam Kattabomman Street has seen several revisions over the years. The oldest recorded revision is from 2012, where the value was Rs 2,500 per sq.ft. This was followed by a decrease in 2017 to Rs 1,675 per sq.ft, marking a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, and then further rose to Rs 2,725 per sq.ft in the 2024 revision, reflecting a 9% increase.

In summary, the guideline value has changed from Rs 2,500 in 2012 to Rs 2,725 in 2024, resulting in an overall increase of 9% over this period. The register does not provide figures for the years 2002, 2003, and 2007 for this street.

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 guideline value is Rs 2,725 per sq.ft, which is equal to the current value of Nookampalayam Kattabomman Street.

• Nookampalayam Kannadasan Street: Rs 2,725 per sq.ft (2024)
• Nookampalayam Kamarajar Street: Rs 2,725 per sq.ft (2024)
• Nookampalayam Eswaran Street: Rs 2,725 per sq.ft (2024)
• Nookampalayam Main Road: Rs 2,725 per sq.ft (2024)
• Nookampalayam Bharathidasan Street: Rs 2,725 per sq.ft (2024)
• Nookampalayam Padasalai Cross Street: Rs 2,725 per sq.ft (2024)

Stamp duty and registration fee for property in Nookampalayam Kattabomman 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 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.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nookampalayam Kattabomman Street?

The Nookampalayam Kattabomman Street falls under the jurisdiction of 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 plays a crucial role in property transactions in Perumbakkam. It is used to determine the stamp duty and registration fees applicable when buying or selling property. Buyers must ensure that they are aware of the current guideline value to avoid any discrepancies during the registration process.

When registering a property, the authorities will assess the guideline value to calculate the necessary fees. This ensures that the transaction is recorded accurately and in compliance with local regulations.

Frequently asked questions

What is the current guideline value of Nookampalayam Kattabomman Street?

The current guideline value of Nookampalayam Kattabomman 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 2,725 in 2024, with significant changes occurring in 2017 and 2023. The value increased by 49% from 2017 to 2023 and by 9% from 2023 to 2024.

What is the land classification for Nookampalayam Kattabomman Street?

Nookampalayam Kattabomman Street is classified as Residential Special Type - I under the local land classification.

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

For a 1,000 sq.ft property at the current guideline value, the total guideline value would be Rs 27,25,000. The stamp duty would be Rs 1,90,750, and the registration fee would be Rs 54,500, totaling Rs 2,45,250.

Where is the Selaiyur Sub Registrar Office located?

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