Guideline Value for NOOKAMPALAYAM PERIYA PALAYATHAMMAN KOIL STREET

Nookampalayam Periya Palayathamman Koil Street guideline value

The current guideline value of Nookampalayam Periya Palayathamman Koil 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 is classified as Residential Special Type - I.

How the guideline value of Nookampalayam Periya Palayathamman Koil Street has changed

The guideline value for Nookampalayam Periya Palayathamman Koil Street has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft. This was followed by a decrease in the 2017 revision, where the value dropped to Rs 1,675 per sq.ft, reflecting a -33% change. However, from 2017 to the 2023 revision, the value saw a significant increase of 49%, rising to Rs 2,500 per sq.ft. The most recent 2024 revision has further increased the guideline value to Rs 2,725 per sq.ft, marking a 9% rise from the previous year.

It is important to note that there are no figures available for the revisions in 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 guideline value for 2024, ranging from Rs 850 to Rs 4,800 per sq.ft. The median guideline value across these streets is Rs 2,725 per sq.ft, which is the same as the current value for Nookampalayam Periya Palayathamman Koil Street.

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

Stamp duty and registration fee for property in Nookampalayam Periya Palayathamman Koil 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 cost for stamp duty and registration would be Rs 2,45,250. It is important to note that duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nookampalayam Periya Palayathamman Koil Street?

The Nookampalayam Periya Palayathamman Koil Street falls under the Selaiyur Sub Registrar Office. The address for this office is 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 buying or selling property in Perumbakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers must be aware of the current guideline value to ensure compliance with the legal requirements.

When a property is registered, the guideline value is used to calculate the applicable fees. The stamp duty is charged based on the higher value between the guideline value and the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Nookampalayam Periya Palayathamman Koil Street?

The current guideline value of Nookampalayam Periya Palayathamman Koil 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 increased 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 Periya Palayathamman Koil Street?

Nookampalayam Periya Palayathamman Koil Street is classified as 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 is stamp duty calculated for properties on this street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For instance, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 1,90,750.