Guideline Value for NUKKAM PALAYAM ROAD

Nukkam Palayam Road guideline value

The current guideline value of Nukkam Palayam Road is Rs 3,300 per sq.ft, effective from 1 July 2024. This road is located in Chemmancheri village, under the Neelankarai SRO, and is classified as Residential Class I Type - II.

How the guideline value of Nukkam Palayam Road has changed

The guideline value for Nukkam Palayam Road has seen several revisions over the years. The 2012 revision set the value at Rs 3,000 per sq.ft, which then decreased to Rs 2,010 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,000 per sq.ft in 2023, and most recently to Rs 3,300 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, there was a remarkable increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Chemmancheri

In Chemmancheri village, there are 195 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft, with a median value of Rs 1,700 per sq.ft. The guideline value for Nukkam Palayam Road is above this median.

• Old Mahabalipuram Road: Rs 6,600 per sq.ft (2024)
• Old Mahabalipuram Road (Rajiv Gandhi Salai): Rs 6,600 per sq.ft (2024)
• Origin Phase-I: Rs 4,900 per sq.ft (2024)
• Palani Garden: Rs 1,000 per sq.ft (2024)
• Pallavaraja Garden: Rs 3,300 per sq.ft (2024)
• Panchayat Office Cross Street: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Nukkam Palayam Road

For a property measuring 1,000 sq.ft at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total to Rs 2,97,000. 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 details.

Which Sub Registrar Office covers Nukkam Palayam Road?

The Nukkam Palayam Road is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, visit find your SRO.

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

The guideline value is a crucial factor during property registration in Chemmancheri. It determines the stamp duty and registration fees that need to be paid, ensuring that the transaction is legally recognized and recorded.

When buying or selling property, the guideline value serves as a benchmark for assessing the property's worth. It is essential for both buyers and sellers to be aware of this value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Nukkam Palayam Road?

The current guideline value of Nukkam Palayam Road is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, and it increased from Rs 2,010 per sq.ft in 2017 to Rs 3,000 per sq.ft in 2023.

What is the land classification for Nukkam Palayam Road?

Nukkam Palayam Road is classified as Residential Class I Type - II.

What are the stamp duty and registration fees for properties on this road?

For a property of 1,000 sq.ft, the total guideline value is Rs 33,00,000, resulting in a stamp duty of Rs 2,31,000 and a registration fee of Rs 66,000, totaling Rs 2,97,000.

Which Sub Registrar Office handles registrations for Nukkam Palayam Road?

The Neelankarai Sub Registrar Office handles registrations for Nukkam Palayam Road, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.