Guideline Value for NOVA COLOURS

Nova Colours guideline value

The current guideline value of Nova Colours is Rs 4,355 per sq.ft, effective from 1 July 2024. This property is located in 1. Nolambur village under the Villivakkam SRO and is classified as Residential Special Type - III.

How the guideline value of Nova Colours has changed

According to the register, the guideline value for Nova Colours has remained consistent at Rs 4,355 per sq.ft for both the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

The 2024 revision shows no change from the 2023 revision, reflecting a stable guideline value. The current figure is the same as the previous year, indicating a steady valuation for this property.

Guideline values in 1. Nolambur

In 1. Nolambur, there are 73 streets under the Villivakkam SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 8,800 per sq.ft, with a median value of Rs 7,100 per sq.ft. The guideline value of Nova Colours is below the median for the area.

• NOVA Meridian: Rs 4,355 per sq.ft (2024)
• NOVA Sprint: Rs 7,100 per sq.ft (2024)
• Nolambur Main Road: Rs 7,100 per sq.ft (2024)
• Pacific City: Rs 7,100 per sq.ft (2024)
• Padasalai Street: Rs 3,300 per sq.ft (2024)
• Panjamuga Sivan Koil Street: Rs 4,355 per sq.ft (2024)

Stamp duty and registration fee for property in Nova Colours

For a 1,000 sq.ft plot at the current rate of Rs 4,355 per sq.ft, the guideline value amounts to Rs 43,55,000. The stamp duty at 7% would be Rs 3,04,850, and the registration fee at 2% would be Rs 87,100, totaling Rs 3,91,950. 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 Nova Colours?

The Nova Colours property falls under the Villivakkam Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037, near the Nolambur Eb Office. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 1. Nolambur

The guideline value is a crucial factor in the registration process when buying or selling property in 1. Nolambur. It serves as a baseline for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When a property is sold, the higher value between the guideline value and the sale price is used to determine the applicable duties. This ensures that all transactions are fairly assessed and registered according to the established guidelines.

Frequently asked questions

What is the current guideline value of Nova Colours?

The current guideline value of Nova Colours is Rs 4,355 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Nova Colours has remained at Rs 4,355 per sq.ft for the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What are the guideline values of other streets in 1. Nolambur?

Other streets in 1. Nolambur have varying guideline values, ranging from Rs 3,300 to Rs 8,800 per sq.ft. The median value in the area is Rs 7,100 per sq.ft.

What are the stamp duty and registration fees for Nova Colours?

For a 1,000 sq.ft plot at the guideline value of Rs 4,355 per sq.ft, the total guideline value amounts to Rs 43,55,000. The stamp duty is Rs 3,04,850, and the registration fee is Rs 87,100, totaling Rs 3,91,950.

Which office handles registrations for Nova Colours?

The Villivakkam Sub Registrar Office handles registrations for Nova Colours, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.