Guideline Value for NUTECH INSCAPE

Nutech Inscape guideline value

The current guideline value of Nutech Inscape is Rs 3,080 per sq.ft, effective from 1 July 2024. This property is located in Kolapakkam village, under the Pammal SRO, and is classified as Residential Class I Type - III.

How the guideline value of Nutech Inscape has changed

The guideline value for Nutech Inscape has undergone several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. In the 2023 revision, the guideline value was set at Rs 2,800 per sq.ft, which increased to Rs 3,080 per sq.ft in the 2024 revision, marking a change of +10%.

Prior to the 2023 revision, there were no recorded figures for this street in the guideline value register. The most recent revision reflects a significant increase, indicating the current value is above the median of Rs 2,200 per sq.ft for other streets in Kolapakkam.

Guideline values in Kolapakkam

In Kolapakkam, there are 111 streets under the Pammal SRO with a 2024 guideline value ranging from Rs 1,650 to Rs 6,850 per sq.ft. Nutech Inscape's guideline value of Rs 3,080 per sq.ft is above the median value of Rs 2,200 per sq.ft for the area.

• Ottravadai Street (ward 6): Rs 1,650 per sq.ft (2024)
• Ottravadai Street (ward 7): Rs 1,650 per sq.ft (2024)
• Padmavathi Nagar: Rs 2,750 per sq.ft (2024)
• Nehru Street: Rs 1,980 per sq.ft (2024)
• Narayanan Nagar (ward 6): Rs 2,750 per sq.ft (2024)
• Pallavaram Main Road (ward 6): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Nutech Inscape

For a 1,000 sq.ft plot at the current guideline value of Rs 3,080 per sq.ft, the total guideline value would be Rs 30,80,000. The stamp duty at 7% would amount to Rs 2,15,600, and the registration fee at 2% would be Rs 61,600, making the total cost for these fees Rs 2,77,200. Please note that duty is charged on the higher of the guideline value or the sale price.

For an accurate calculation of your fees, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nutech Inscape?

The Nutech Inscape property falls under the jurisdiction of the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kolapakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction process. Buyers should be aware that these fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, the guideline value helps ensure that the transaction is recorded fairly and transparently. It is essential for both buyers and sellers to understand this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Nutech Inscape?

The current guideline value of Nutech Inscape is Rs 3,080 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,800 per sq.ft in 2023 to Rs 3,080 per sq.ft in 2024, reflecting a +10% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the classification of Nutech Inscape?

Nutech Inscape is classified as Residential Class I Type - III, which indicates its zoning for residential development.

Where can I find the Pammal Sub Registrar Office?

The Pammal Sub Registrar Office is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Nutech Inscape?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 2,15,600.