Guideline Value for NOOKAMPALAYAM MAIN ROAD

Nookampalayam Main Road guideline value

The current guideline value of Nookampalayam Main Road is Rs 2,100 per sq.ft, effective from 1 July 2024. This road is located in Arasankalani village under the Selaiyur SRO, classified as Residential Class I Type - I.

How the guideline value of Nookampalayam Main Road has changed

The guideline value for Nookampalayam Main Road has seen several revisions over the years. The 2012 revision set the value at Rs 2,000 per sq.ft, which was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased to Rs 2,000 per sq.ft in the 2023 revision, and finally, it rose to Rs 2,100 per sq.ft in the 2024 revision, marking a 5% increase from the previous year.

In terms of percentage changes, the guideline value increased by 49% from 2017 to 2023, while it decreased by 33% from 2012 to 2017. Overall, from 2012 to 2024, the guideline value has increased by 5%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Arasankalani

In Arasankalani, there are 85 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 4,750 per sq.ft, with a median of Rs 2,100 per sq.ft. The guideline value of Nookampalayam Main Road is equal to this median.

• Ottiambakkam - Sithalapakkam Road: Rs 2,100 per sq.ft (2024)
• Ottiyambakkam-Chithalapakkam Road: Rs 2,100 per sq.ft (2024)
• Palvadi Palli Road: Rs 1,300 per sq.ft (2024)
• M.V.Sai Nagar: Rs 4,100 per sq.ft (2024)
• Pazhandiamman Koil Street: Rs 1,300 per sq.ft (2024)
• Moogambigai Nagar: Rs 1,900 per sq.ft (2024)

Stamp duty and registration fee for property in Nookampalayam Main Road

For a 1,000 sq.ft plot at the current rate of Rs 2,100 per sq.ft, the guideline value amounts to Rs 21,00,000. The stamp duty at 7% would be Rs 1,47,000, and the registration fee at 2% would be Rs 42,000, totaling Rs 1,89,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nookampalayam Main Road?

The Sub Registrar Office that covers Nookampalayam Main Road 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 additional information.

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

The guideline value is a critical factor during the registration of property transactions in Arasankalani. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Nookampalayam Main Road?

The current guideline value of Nookampalayam Main Road is Rs 2,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,100 per sq.ft in 2024.

What is the land classification for Nookampalayam Main Road?

Nookampalayam Main Road is classified as Residential Class I Type - I under the Selaiyur SRO.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 21,00,000, the stamp duty would be Rs 1,47,000 and the registration fee would be Rs 42,000, totaling Rs 1,89,000.

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.