Guideline Value for Nookkalamman Koil Street

Nookkalamman Koil Street guideline value

The current guideline value of Nookkalamman Koil Street is Rs 600 per sq.ft, effective from 1 July 2024. This street is located in Uthiramerur village, under the Uthiramerur SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Nookkalamman Koil Street has changed

The guideline value for Nookkalamman Koil Street has seen several revisions over the years. In 2007, the value was Rs 295 per sq.ft, which increased to Rs 400 per sq.ft in 2012. However, it then decreased to Rs 268 per sq.ft in 2017. From 2017 to 2023, the value saw a significant increase to Rs 600 per sq.ft, which has remained unchanged in the 2024 revision.

Notably, there are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 103%.

Guideline values in Uthiramerur

In Uthiramerur, there are 180 streets under the Uthiramerur SRO, with guideline values ranging from Rs 200 to Rs 1,800 per sq.ft. The median guideline value is Rs 800 per sq.ft, placing Nookkalamman Koil Street's 2024 figure below that median.

• Notrh Reddy street: Rs 1,000 per sq.ft (2024)
• New Vip Nagar: Rs 501 per sq.ft (2024)
• Ongoor: Rs 700 per sq.ft (2024)
• Neeradi West Street: Rs 700 per sq.ft (2024)
• Neeradi South Street: Rs 700 per sq.ft (2024)
• Neeradi East Street: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Nookkalamman Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 600 per sq.ft, the guideline value amounts to Rs 6,00,000. The stamp duty at 7% would be Rs 42,000, and the registration fee at 2% would be Rs 12,000, totaling Rs 54,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nookkalamman Koil Street?

The Sub Registrar Office covering Nookkalamman Koil Street is the Uthiramerur Sub Registrar Office, located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during the registration of property transactions in Uthiramerur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Nookkalamman Koil Street?

The current guideline value of Nookkalamman Koil Street is Rs 600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 295 per sq.ft in 2007 to Rs 600 per sq.ft in 2024, reflecting an overall increase of 103% over the years.

What is the land classification of Nookkalamman Koil Street?

Nookkalamman Koil Street is classified as Commercial Class I Type - III.

What is the median guideline value in Uthiramerur?

The median guideline value in Uthiramerur is Rs 800 per sq.ft, which is higher than the current value of Nookkalamman Koil Street.

Where is the Sub Registrar Office for Nookkalamman Koil Street located?

The Sub Registrar Office for Nookkalamman Koil Street is located at No.16, Sundara Vardharaja Perumal Koil Sannathi Street, Uthiramerur- 603406, Chengalpattu registration zone.