Guideline Value for Nayappakkam Salai

Nayappakkam Salai guideline value

The current guideline value of Nayappakkam Salai is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Mevaloorkuppam B village under the Sriperumpudur SRO, classified as Residential Class I Type - I.

How the guideline value of Nayappakkam Salai has changed

Over the years, the guideline value of Nayappakkam Salai has seen significant changes. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 250 per sq.ft, which was then increased by 100% to Rs 500 per sq.ft in the 2024 revision.

This represents a notable change from the previous year, highlighting the adjustments made to the guideline value in response to various factors. The 2024 figure marks a substantial increase compared to the 2023 revision.

Guideline values in Mevaloorkuppam B

In Mevaloorkuppam B, there are 84 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 100 to Rs 6,200 per sq.ft. The median value for these streets is Rs 400 per sq.ft, placing Nayappakkam Salai's 2024 figure above this median.

• Nehru Cross Street: Rs 100 per sq.ft (2024)
• Nehru Street: Rs 300 per sq.ft (2024)
• Nadu Street: Rs 100 per sq.ft (2024)
• Muthu Mariamman Koil Street: Rs 500 per sq.ft (2024)
• Moorthiyar Nagar: Rs 100 per sq.ft (2024)
• Mevaloorkuppam Road(Nayapakkam Road): Rs 600 per sq.ft (2024)

Stamp duty and registration fee for property in Nayappakkam Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 500 per sq.ft, the total guideline value would be Rs 5,00,000. The stamp duty at 7% would amount to Rs 35,000, and the registration fee at 2% would be Rs 10,000, bringing the total to Rs 45,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Nayappakkam Salai?

The Nayappakkam Salai falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Mevaloorkuppam B, as it determines the minimum price at which a property can be registered. This ensures that the property is valued fairly according to the current market conditions and local regulations.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This process helps maintain transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Nayappakkam Salai?

The current guideline value of Nayappakkam Salai is Rs 500 per sq.ft, effective from 1 July 2024.

How much did the guideline value increase from 2023 to 2024?

The guideline value increased by 100% from Rs 250 per sq.ft in 2023 to Rs 500 per sq.ft in 2024.

What is the classification of land in Nayappakkam Salai?

Nayappakkam Salai is classified as Residential Class I Type - I.

What is the median guideline value for streets in Mevaloorkuppam B?

The median guideline value for streets in Mevaloorkuppam B is Rs 400 per sq.ft, with Nayappakkam Salai's 2024 value being above this median.

Where can I find the Sub Registrar Office for Nayappakkam Salai?

The Sub Registrar Office covering Nayappakkam Salai is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.