Guideline Value for NOOKAMPALAYAM SUBASH CHANDRA BOSE STREET

Nookampalayam Subash Chandra Bose Street guideline value

The current guideline value of Nookampalayam Subash Chandra Bose 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 Subash Chandra Bose Street has changed

The guideline value for Nookampalayam Subash Chandra Bose Street has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 1,675 per sq.ft. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, marking a 49% rise from 2017. The most recent revision in 2024 brought the value up to Rs 2,725 per sq.ft, reflecting a 9% increase from the previous year.

There are no registered figures for the years 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 guideline value is Rs 2,725 per sq.ft, which is the same as the current value for Nookampalayam Subash Chandra Bose Street.

• Nookampalayam Pillaiyar Koil Street: Rs 2,725 per sq.ft (2024)
• Nookampalayam Periya Palayathamman Koil Street: Rs 2,725 per sq.ft (2024)
• Nookampalayam Padasalai Street: Rs 2,725 per sq.ft (2024)
• Nookampalayam Padasalai Cross 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 Subash Chandra Bose 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 cost for these fees 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 use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Nookampalayam Subash Chandra Bose Street?

The Sub Registrar Office that covers Nookampalayam Subash Chandra Bose 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 for more information.

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

The guideline value plays a crucial role when buying or selling property in Perumbakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately for taxation purposes.

When a property is sold, the buyer and seller must consider the guideline value to calculate applicable fees, such as stamp duty and registration fees. This ensures compliance with local regulations and helps avoid any legal complications during the registration process.

Frequently asked questions

What is the current guideline value of Nookampalayam Subash Chandra Bose Street?

The current guideline value of Nookampalayam Subash Chandra Bose 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 Subash Chandra Bose Street?

The land classification for Nookampalayam Subash Chandra Bose Street is Residential Special Type - I.

Which office handles registrations for properties in Nookampalayam Subash Chandra Bose Street?

The Selaiyur Sub Registrar Office handles registrations for properties in Nookampalayam Subash Chandra Bose Street.

How are stamp duty and registration fees calculated for properties in this area?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value would be Rs 27,25,000, leading to specific fees based on this amount.