Guideline Value

Corporate

Guideline Value for N.S.C. Bose Nagar

₹3960/sq.ft.

The guideline value for N.s.c. Bose Nagar in Porur village (Kunrathur SRO, Chennai zone) is Rs 3960 per sq.ft, effective 1 July 2024. It was Rs 3600 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Porur

Village

Kunrathur

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹3960 /sq.ft.
From 1-4-2023 ₹3600 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2412 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3600 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹450 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹194 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on N.s.c. Bose Nagar

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N.S.C. Bose Nagar guideline value

The current guideline value of N.S.C. Bose Nagar is Rs 3,960 per sq.ft, effective from 1 July 2024. This area is located in Porur village and falls under the Kunrathur SRO, classified as Residential Special Type - I.

How the guideline value of N.S.C. Bose Nagar has changed

The guideline value for N.S.C. Bose Nagar has undergone several revisions over the years. Starting from the 2002 revision, the value was Rs 194 per sq.ft. In 2003, it increased to Rs 450 per sq.ft, marking a change of +132%. The 2007 revision saw a significant jump to Rs 800 per sq.ft, an increase of +78%. However, in 2012, the value rose to Rs 3,600 per sq.ft, which was a remarkable +350% increase. The 2017 revision set the value at Rs 2,412 per sq.ft, indicating a decrease of -33%. The 2023 revision brought the value back up to Rs 3,600 per sq.ft, and the most recent 2024 revision has set it at Rs 3,960 per sq.ft, reflecting a +10% change from the previous year.

Overall, from the 2002 revision to the 2024 revision, the guideline value has increased by +1941%. Notably, there are no figures for N.S.C. Bose Nagar in the years not listed above.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value is Rs 3,960 per sq.ft, which is equal to the current figure for N.S.C. Bose Nagar.

Stamp duty and registration fee for property in N.S.C. Bose Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value amounts to Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200. Together, the total cost for these fees would be Rs 3,56,400. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on these charges.

Which Sub Registrar Office covers N.S.C. Bose Nagar?

The N.S.C. Bose Nagar area is covered by the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is an essential figure used during the registration process when buying or selling property in Porur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the associated duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of N.S.C. Bose Nagar?

The current guideline value of N.S.C. Bose Nagar is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 194 per sq.ft in 2002 to Rs 3,960 per sq.ft in 2024, reflecting an increase of +1941% over the years.

Which Sub Registrar Office covers N.S.C. Bose Nagar?

The Kunrathur Sub Registrar Office covers N.S.C. Bose Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What are the stamp duty and registration fees for properties in N.S.C. Bose Nagar?

For a property valued at Rs 39,60,000, the stamp duty would be Rs 2,77,200, and the registration fee would be Rs 79,200, totaling Rs 3,56,400.

How is the guideline value used in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. The higher of the guideline value or the sale price is taken into account for calculating these charges.