Guideline Value for N.S.K 2nd STREET

N.S.K 2nd STREET guideline value

The current guideline value of N.S.K 2nd STREET is Rs 2,700 per sq.ft, effective from July 1, 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class III Type - II.

How the guideline value of N.S.K 2nd STREET has changed

Over the years, the guideline value for N.S.K 2nd STREET has seen significant changes. The earliest recorded value was Rs 461 per sq.ft in 2003, which rose to Rs 550 per sq.ft in 2007. Following that, the value increased dramatically to Rs 2,500 per sq.ft in 2012, but then decreased to Rs 1,675 per sq.ft in 2017. The value then saw a substantial increase to Rs 2,500 per sq.ft in 2023, before reaching the current value of Rs 2,700 per sq.ft in 2024, marking an 8% increase from the previous year.

In summary, the changes in guideline value from 2003 to 2024 reflect an overall increase of 486%. The register does not provide figures for the year 2002 for this street.

Guideline values in Perambur

In Perambur, there are 1114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value is Rs 2,700 per sq.ft, which aligns with the guideline value of N.S.K 2nd STREET.

• N.S.K 1st STREET: Rs 2,700 per sq.ft (2024)
• N.S.K Street: Rs 2,700 per sq.ft (2024)
• Old Vazhai Managar: Rs 2,700 per sq.ft (2024)
• New Vazhaima Nagar Main Road: Rs 2,700 per sq.ft (2024)
• New Vazhaima Nagar 9th Street: Rs 2,700 per sq.ft (2024)
• New Vazhaima Nagar 8th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in N.S.K 2nd STREET

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers N.S.K 2nd STREET?

The Sub Registrar Office that covers N.S.K 2nd STREET is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering properties in Perambur. It determines the minimum value at which a property can be sold or purchased, ensuring that the transaction is recorded accurately for tax purposes.

When buyers or sellers engage in a property transaction, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential components of the property registration process.

Frequently asked questions

What is the current guideline value of N.S.K 2nd STREET?

The current guideline value of N.S.K 2nd STREET is Rs 2,700 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 461 per sq.ft in 2003 to Rs 2,700 per sq.ft in 2024, reflecting an overall increase of 486% over this period.

What is the median guideline value in Perambur?

The median guideline value in Perambur for 2024 is Rs 2,700 per sq.ft, which is the same as the guideline value for N.S.K 2nd STREET.

What are the stamp duty and registration fees for properties in N.S.K 2nd STREET?

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000.

Which office handles registrations for N.S.K 2nd STREET?

The Purasaivakkam Sub Registrar Office handles registrations for N.S.K 2nd STREET, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.