Guideline Value for N.K.S. NAGAR
₹250/sq.ft.
The guideline value for N.k.s. Nagar in Valluvapakkam village (Walajabad SRO, Chengalpattu zone) is Rs 250 per sq.ft, effective 1 July 2024. The land classification is Residential Class I Type - Ii. Source: TNReginet guideline value register.
Last updated:
Chengalpattu
Zone
Valluvapakkam
Village
Walajabad
SRO
Residential Class I Type - II
History
| Period | Guideline Value |
|---|---|
| From 1-7-2024 | ₹250 /sq.ft. |
| From 1-4-2023 | ₹250 /sq.ft. |
| From 9-6-2017 To 31-3-2023 | ₹167 /sq.ft. |
| From 1-4-2012 To 8-6-2017 | ₹250 /sq.ft. |
| From 1-8-2007 To 31-3-2012 | N/A |
| From 1-4-2003 To 31-7-2007 | N/A |
| From 1-4-2002 To 31-3-2003 | N/A |
Guideline Value Timeline
Guideline Value Comparison
DRO (District Registrar Office)
No.52 Orikkai Madhura, Udhayamangulam Village, Near Anna Kudiyiruppu, Kanchipuram-631502
044-27236674
[email protected], [email protected]
Records for a plot on N.k.s. Nagar
- Patta chitta: who holds the survey number and its extent, free
- Encumbrance certificate (EC): every registered sale and mortgage on it
- FMB sketch and the village map: its boundary and neighbours
- Walajabad sub-registrar office: address, phone and every village it registers
- Stamp duty and registration fee on this guideline value
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N.K.S. Nagar guideline value
The current guideline value of N.K.S. Nagar is Rs 250 per sq.ft, effective from 1 July 2024. This area is located in Valluvapakkam village under the Walajabad SRO, classified as Residential Class I Type - II.
How the guideline value of N.K.S. Nagar has changed
Over the years, the guideline value of N.K.S. Nagar has experienced various revisions. The 2012 revision set the value at Rs 250 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 167 per sq.ft, marking a decline of 33%. Following this, the 2023 revision brought the value back to Rs 250 per sq.ft, and the 2024 revision maintained this figure, showing no change from the previous year.
From 2017 to 2023, there was a significant increase of 50%. Overall, comparing the 2012 and 2024 revisions, the guideline value has seen no change, remaining at Rs 250 per sq.ft.
Guideline values in Valluvapakkam
In Valluvapakkam, there are 20 streets under the Walajabad SRO that carry a 2024 guideline value, ranging from Rs 200 to Rs 800 per sq.ft. The median value is Rs 250 per sq.ft, which is the same as the current guideline value for N.K.S. Nagar.
- New Aparna Nagar: Rs 300 per sq.ft (2024)
- Ramachandra Nagar: Rs 250 per sq.ft (2024)
- Sri Angalaparameshwari Nagar: Rs 250 per sq.ft (2024)
- Sri Ganapathy Nagar: Rs 250 per sq.ft (2024)
- Sri Lakshmi Guberan Nagar: Rs 300 per sq.ft (2024)
- Sri Mahalakshmi Nagar: Rs 250 per sq.ft (2024)
Stamp duty and registration fee for property in N.K.S. Nagar
For a 1,000 sq.ft plot at the current guideline value of Rs 250 per sq.ft, the total guideline value amounts to Rs 2,50,000. The stamp duty at 7% would be Rs 17,500, and the registration fee at 2% would be Rs 5,000, bringing the total fees to Rs 22,500. It’s important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.
Which Sub Registrar Office covers N.K.S. Nagar?
The Sub Registrar Office that covers N.K.S. Nagar is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. To find more details, you can find your SRO.
How the guideline value is used when you buy or sell in Valluvapakkam
The guideline value is a crucial factor in the registration process of property transactions in Valluvapakkam. 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 buying or selling property, the guideline value ensures that the transaction reflects a fair value for taxation purposes. Buyers and sellers must consider this value to avoid discrepancies during the registration process.
Frequently asked questions
What is the current guideline value of N.K.S. Nagar?
The current guideline value of N.K.S. Nagar is Rs 250 per sq.ft, effective from 1 July 2024.
How has the guideline value changed over the years?
The guideline value has remained at Rs 250 per sq.ft since 2012, with a decrease to Rs 167 per sq.ft in 2017 and a return to Rs 250 per sq.ft in 2023 and 2024.
What is the land classification of N.K.S. Nagar?
N.K.S. Nagar is classified as Residential Class I Type - II, indicating its suitability for residential development.
Where can I find the Walajabad Sub Registrar Office?
The Walajabad Sub Registrar Office is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone.
How is stamp duty calculated for property in N.K.S. Nagar?
Stamp duty is calculated based on the higher of the guideline value or the sale price. For a plot valued at Rs 2,50,000, the stamp duty would be Rs 17,500, with additional registration fees applicable.
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