Guideline Value for NOVA ELEMENT 5 EXTENSION I

Nova Element 5 Extension I guideline value

The current guideline value for Nova Element 5 Extension I is Rs 6,000 per sq.ft. This property is located in 44.Ayanambakkam village under the Konnur SRO, classified as Residential Class III Type - V.

How the guideline value of Nova Element 5 Extension I has changed

The guideline value for Nova Element 5 Extension I has remained consistent at Rs 6,000 per sq.ft from the 2023 revision to the 2024 revision. Prior revisions from 2017, 2012, 2007, 2003, and 2002 have no figures recorded for this street in the register.

In the 2024 revision, the guideline value was set at Rs 6,000 per sq.ft, the same as in the 2023 revision, indicating no percentage change between these two years. This consistency suggests stability in the guideline value for this property.

Guideline values in 44.Ayanambakkam

In 44.Ayanambakkam, there are 157 streets under the Konnur SRO, with guideline values ranging from Rs 801 to Rs 9,702 per sq.ft. The median guideline value in this area is Rs 1,300 per sq.ft, placing Nova Element 5 Extension I's 2024 figure above that median.

• Nova Element 5: Rs 2,130 per sq.ft (2024)
• Nova Aradiya Nagar: Rs 4,000 per sq.ft (2024)
• NolamburRoad: Rs 2,200 per sq.ft (2024)
• Pachaiyappan nagar: Rs 1,300 per sq.ft (2024)
• Padasalai Street: Rs 1,300 per sq.ft (2024)
• New Century Nagar: Rs 1,400 per sq.ft (2024)

Stamp duty and registration fee for property in Nova Element 5 Extension I

For a 1,000 sq.ft plot at the current guideline value of Rs 6,000 per sq.ft, the total guideline value would be Rs 60,00,000. The stamp duty at 7% would amount to Rs 4,20,000, and the registration fee at 2% would be Rs 1,20,000, totaling Rs 5,40,000. Duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nova Element 5 Extension I?

The Nova Element 5 Extension I falls under the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more details, you can find your SRO.

How the guideline value is used when you buy or sell in 44.Ayanambakkam

The guideline value is essential during the registration of property transactions, as it determines the stamp duty and registration fees applicable. Buyers and sellers must refer to the guideline value to understand the financial obligations involved in the property transaction.

When a property is sold, the guideline value serves as a benchmark for calculating the necessary fees. It is crucial to ensure that the transaction adheres to the established guideline values to avoid any legal complications during registration.

Frequently asked questions

What is the current guideline value of Nova Element 5 Extension I?

The current guideline value of Nova Element 5 Extension I is Rs 6,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 6,000 per sq.ft for both the 2023 and 2024 revisions. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 60,00,000, the stamp duty would be Rs 4,20,000 and the registration fee would be Rs 1,20,000, totaling Rs 5,40,000. Duty is charged on the higher of the guideline value or the sale price.

Which office handles property registrations for Nova Element 5 Extension I?

The Konnur Sub Registrar Office handles property registrations for Nova Element 5 Extension I, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

Where can I find more information about guideline values in 44.Ayanambakkam?

For detailed information on guideline values in 44.Ayanambakkam, you can refer to the registration department's guideline value register or consult the Konnur SRO.