Guideline Value for Nedunkundram Road

Nedunkundram Road guideline value

The current guideline value of Nedunkundram Road is Rs 1,500 per sq.ft, as per the 2023 revision. This road is located in Kolapakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Nedunkundram Road has changed

The guideline value of Nedunkundram Road has seen several revisions over the years. In the 2007 revision, the value was Rs 230 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, in the 2017 revision, it decreased to Rs 1,005 per sq.ft. The most recent revision in 2023 brought the guideline value back up to Rs 1,500 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%. The change from 2012 to 2017 saw a decrease of 33%. The most significant change occurred from 2007 to 2012, with an increase of 552%. Overall, from 2007 to 2023, the guideline value has increased by 552%. The register has no figures for the years 2002, 2003, and 2024 for this street.

Guideline values in Kolapakkam

Currently, there are no specific village figures available for Kolapakkam. However, the guideline value for Nedunkundram Road is Rs 1,500 per sq.ft. There are no other streets in Kolapakkam listed under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Nedunkundram Road

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 15,00,000. The stamp duty, charged at 7%, would be Rs 1,05,000, while the registration fee at 2% would be Rs 30,000. Together, these fees amount to Rs 1,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nedunkundram Road?

The Sub Registrar Office covering Nedunkundram Road is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in the registration process when buying or selling property in Kolapakkam. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property is sold, the guideline value helps determine the minimum price at which the property can be registered. Buyers and sellers must be aware of the current guideline value to accurately assess the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Nedunkundram Road?

The current guideline value of Nedunkundram Road is Rs 1,500 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 230 per sq.ft in 2007 to Rs 1,500 per sq.ft in 2012, then decreased to Rs 1,005 per sq.ft in 2017, and finally returned to Rs 1,500 per sq.ft in 2023.

What are the stamp duty and registration fees for properties on Nedunkundram Road?

For a 1,000 sq.ft plot, the guideline value is Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, totaling Rs 1,35,000.

Which office handles registrations for Nedunkundram Road?

The Gooduvancheri Sub Registrar Office handles registrations for Nedunkundram Road. It is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Is there a guideline value for the year 2024 for Nedunkundram Road?

No, the register has no figure for the year 2024 for Nedunkundram Road.