Guideline Value for N.S.C.Bose road

N.S.C.Bose road guideline value

The current guideline value of N.S.C.Bose road is Rs 15,900 per sq.ft, effective from 1 July 2024. This road is located in Muthialpet village and falls under the Chennai North Joint I SRO. The land classification for this area is Commercial Class I Type - II.

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

The guideline value for N.S.C.Bose road has seen several revisions over the years. In 2002, the guideline value was Rs 4,104 per sq.ft. This increased to Rs 4,664 per sq.ft in 2003, marking a change of +14%. The value continued to rise, reaching Rs 5,500 per sq.ft in 2007, which was an increase of +18%. By 2012, the value had significantly increased to Rs 14,500 per sq.ft, reflecting a substantial rise of +164%. However, it dropped to Rs 9,715 per sq.ft in 2017, a decrease of -33%. The 2023 revision saw the value rise again to Rs 14,500 per sq.ft, followed by the latest revision in 2024, which set the value at Rs 15,900 per sq.ft, an increase of +10% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +287%. The register has no figures for the years in between the revisions mentioned above.

Guideline values in Muthialpet

In Muthialpet, there are 160 streets under the Chennai North Joint I SRO that carry a 2024 guideline value, ranging from Rs 3,800 to Rs 18,000 per sq.ft. The median guideline value in this area is Rs 5,500 per sq.ft, placing N.S.C.Bose road's 2024 figure above that median.

• North Port street*: Rs 18,000 per sq.ft (2024)
• North Beech Road(Rajaji Salai): Rs 18,000 per sq.ft (2024)
• North Beech Road 4th lane: Rs 11,000 per sq.ft (2024)
• North Beech Road 3rd lane: Rs 4,900 per sq.ft (2024)
• North Beech Road 2nd lane: Rs 7,100 per sq.ft (2024)
• North Beech Road 1st lane*: Rs 4,900 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 15,900 per sq.ft, the total guideline value amounts to Rs 1,59,00,000. The stamp duty at 7% would be Rs 11,13,000, and the registration fee at 2% would be Rs 3,18,000, totaling Rs 14,31,000. It is important to note that 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 details.

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

The Sub Registrar Office that covers N.S.C.Bose road is the Chennai North Joint I Sub Registrar Office, located at Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-105, in the Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Muthialpet. It serves as a benchmark for determining the stamp duty and registration fees that are applicable during the registration process. Buyers should be aware that the guideline value can influence the overall cost of property transactions.

When registering a property, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that all transactions are aligned with the official values set by the registration authorities.

Frequently asked questions

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

The current guideline value of N.S.C.Bose road is Rs 15,900 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 4,104 in 2002 to Rs 15,900 in 2024, reflecting an overall increase of +287% over the years.

What is the land classification of N.S.C.Bose road?

N.S.C.Bose road is classified as Commercial Class I Type - II under the Chennai North Joint I SRO.

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

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total costs would amount to Rs 14,31,000.

Where can I find the Sub Registrar Office for N.S.C.Bose road?

The Sub Registrar Office for N.S.C.Bose road is located at Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-105, in the Chennai registration zone.