Guideline Value for NOOKAMPALAYAM PADASALAI CROSS STREET

Nookampalayam Padasalai Cross Street guideline value

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

How the guideline value of Nookampalayam Padasalai Cross Street has changed

The guideline value for Nookampalayam Padasalai Cross Street has undergone several revisions over the years. The earliest recorded revision was in 2012, with a guideline value of Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017, marking a decline of 33%. In 2023, the value increased to Rs 2,500 per sq.ft, and in the latest 2024 revision, it rose to Rs 2,725 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has seen a slight increase of 9%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Perumbakkam

In Perumbakkam village, 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 across these streets is Rs 2,725 per sq.ft, which is equal to the current guideline value of Nookampalayam Padasalai Cross Street.

• Nookampalayam Main Road: Rs 2,725 per sq.ft (2024)
• Nookampalayam Padasalai Street: Rs 2,725 per sq.ft (2024)
• Nookampalayam Periya Palayathamman Koil Street: Rs 2,725 per sq.ft (2024)
• Nookampalayam Pillaiyar Koil Street: Rs 2,725 per sq.ft (2024)
• Nookampalayam Kattabomman Street: Rs 2,725 per sq.ft (2024)
• Nookampalayam Subash Chandra Bose Street: Rs 2,725 per sq.ft (2024)

Stamp duty and registration fee for property in Nookampalayam Padasalai Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,725 per sq.ft, the total guideline value amounts to Rs 27,25,000. The stamp duty at 7% would be Rs 1,90,750, and the registration fee at 2% would be Rs 54,500, totaling 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nookampalayam Padasalai Cross Street?

The Sub Registrar Office that covers Nookampalayam Padasalai Cross 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 online 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 duties are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, it is essential to ensure that the sale price is not lower than the guideline value to avoid any legal complications. This helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Nookampalayam Padasalai Cross Street?

The current guideline value of Nookampalayam Padasalai Cross 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 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 are the other streets in Perumbakkam with the same guideline value?

Several other streets in Perumbakkam have the same guideline value of Rs 2,725 per sq.ft in 2024, including Nookampalayam Main Road, Nookampalayam Padasalai Street, and others.

What is the stamp duty for property in Nookampalayam Padasalai Cross Street?

The stamp duty for property in Nookampalayam Padasalai Cross Street is 7% of the guideline value or sale price, whichever is higher. For example, it would be Rs 1,90,750 for a 1,000 sq.ft plot at the current guideline value.

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.