Guideline Value for N S K Road

N S K Road guideline value

The current guideline value of N S K Road in Adambakkam village, under the Alandur SRO, is Rs 5,000 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of N S K Road has changed

The guideline value for N S K Road has seen significant changes over the years. In 2002, the value was Rs 289 per sq.ft, which increased to Rs 330 per sq.ft in 2003. The following revisions showed a substantial rise, with the value reaching Rs 1,200 per sq.ft in 2007. By 2012, it increased to Rs 4,500 per sq.ft, but then saw a decrease to Rs 3,015 per sq.ft in 2017. The guideline value rose again to Rs 4,500 per sq.ft in 2023, and finally to Rs 5,000 per sq.ft in 2024, marking an increase of 11% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1,630%. The register has no figures for the years between these revisions, indicating that N S K Road has consistently been recorded during the specified years.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value is Rs 3,900 per sq.ft, and N S K Road's 2024 guideline value is above this median.

• Odai Street: Rs 3,900 per sq.ft (2024)
• Officers Colony 1st Cross Street: Rs 5,000 per sq.ft (2024)
• Officers Colony 1st Main Road: Rs 5,000 per sq.ft (2024)
• Officers Colony 1st Street: Rs 5,000 per sq.ft (2024)
• Officers Colony 2nd Cross Street: Rs 5,000 per sq.ft (2024)
• Officers Colony 2nd Main Road: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in N S K Road

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, leading to a total of Rs 4,50,000. 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 N S K Road?

The Sub Registrar Office that covers N S K Road is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Adambakkam. It determines the minimum value at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property transaction occurs, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of N S K Road?

The current guideline value of N S K Road is Rs 5,000 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 289 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, marking an overall increase of 1,630% over this period.

What is the stamp duty rate for properties on N S K Road?

The stamp duty rate for properties on N S K Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Alandur Sub Registrar Office located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

What are the other streets in Adambakkam with similar guideline values?

Other streets in Adambakkam with similar guideline values include Odai Street at Rs 3,900 per sq.ft and several streets in Officers Colony at Rs 5,000 per sq.ft.