Guideline Value for Nellikuppam Road

Nellikuppam Road guideline value

The current guideline value of Nellikuppam Road in Nandhivaram village is Rs 2,000 per sq.ft, effective from 1 July 2024. This area falls under the Gooduvancheri SRO and is classified as Residential Special Type - II.

How the guideline value of Nellikuppam Road has changed

The guideline value for Nellikuppam Road has seen several revisions over the years. In 2002, the value was Rs 113 per sq.ft, which increased significantly to Rs 363 per sq.ft in 2007. The 2012 revision set the value at Rs 2,000 per sq.ft, marking a substantial increase of 451% from the previous figure. However, this value dropped to Rs 1,340 per sq.ft in 2017, reflecting a decrease of 33%. The 2023 revision maintained the value at Rs 2,000 per sq.ft, and the latest revision in 2024 also sees it unchanged at Rs 2,000 per sq.ft, resulting in a 49% increase from 2017.

It is important to note that there is no figure available for Nellikuppam Road in the 2003 revision. Overall, the guideline value has increased by 1,670% from 2002 to 2024.

Guideline values in Nandhivaram

Nandhivaram village has a total of 169 streets under the Gooduvancheri SRO, with guideline values ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median guideline value for these streets is Rs 1,500 per sq.ft, placing Nellikuppam Road's 2024 figure above this median.

• N.C.K. Avenue: Rs 2,000 per sq.ft (2024)
• Navin Satish Nagar: Rs 1,500 per sq.ft (2024)
• Narayanapuram Main Road: Rs 1,500 per sq.ft (2024)
• Narayanapuram: Rs 1,500 per sq.ft (2024)
• Nangooram Nagar: Rs 1,000 per sq.ft (2024)
• Nandhewarar Nagar 2 Street: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Nellikuppam Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value amounts to Rs 20,00,000. The stamp duty at 7% would be Rs 1,40,000, and the registration fee at 2% would be Rs 40,000, leading to a total of Rs 1,80,000 in fees. It is important to note that 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 Nellikuppam Road?

The Sub Registrar Office covering Nellikuppam Road is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, 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 Nandhivaram

The guideline value plays a crucial role in the registration process when buying or selling property in Nandhivaram. It serves as a reference point for determining the value of the property for taxation purposes, including stamp duty and registration fees.

When a property is registered, the guideline value is used to calculate the applicable fees, ensuring that the transaction is in line with the official valuation set by the registration department. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Nellikuppam Road?

The current guideline value of Nellikuppam Road is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 113 per sq.ft in 2002 to Rs 2,000 per sq.ft in 2024, reflecting an overall increase of 1,670% over this period.

What are the stamp duty and registration fees for property in Nellikuppam Road?

For a property valued at Rs 20,00,000, the stamp duty would be Rs 1,40,000 and the registration fee would be Rs 40,000, totaling Rs 1,80,000.

Which Sub Registrar Office covers Nellikuppam Road?

The Gooduvancheri Sub Registrar Office covers Nellikuppam Road, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone.

What is the land classification for Nellikuppam Road?

Nellikuppam Road is classified as Residential Special Type - II under the current guidelines.