Guideline Value for N.S.K STREET

N.S.K Street guideline value

The current guideline value of N.S.K Street in Thiruvanmiyur village is Rs 7,150 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class IV Type - I.

How the guideline value of N.S.K Street has changed

The guideline value for N.S.K Street has undergone several revisions over the years. In 2012, the guideline value was Rs 6,500 per sq.ft, which decreased to Rs 4,355 per sq.ft in 2017. This was a decline of 33%. However, from 2017 to 2023, the value increased significantly to Rs 6,500 per sq.ft, marking a rise of 49%. The most recent revision in 2024 saw the guideline value increase to Rs 7,150 per sq.ft, a 10% increase from the previous year.

There are no figures available for the years 2002, 2003, and 2007 in the register for N.S.K Street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Thiruvanmiyur

In Thiruvanmiyur, there are 484 streets under the Chennai South Joint I SRO that carry a 2024 guideline value ranging from Rs 3,520 to Rs 12,660 per sq.ft, with a median value of Rs 9,900 per sq.ft. N.S.K Street's current guideline value is below this median.

• Odaikuppam Amman Koil Back Side: Rs 3,520 per sq.ft (2024)
• Odaikuppam Sea Shore Salai: Rs 11,000 per sq.ft (2024)
• Odaikuppam Street: Rs 3,520 per sq.ft (2024)
• N.S.K. 3rd Street: Rs 7,150 per sq.ft (2024)
• North Tankview Street: Rs 3,520 per sq.ft (2024)
• North Mada Veethi: Rs 8,250 per sq.ft (2024)

Stamp duty and registration fee for property in N.S.K Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,150 per sq.ft, the total guideline value amounts to Rs 71,50,000. The stamp duty at 7% would be Rs 5,00,500, and the registration fee at 2% would be Rs 1,43,000, totaling Rs 6,43,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers N.S.K Street?

N.S.K Street is covered by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process of property transactions in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When buying or selling property, it is essential to be aware of the current guideline value, as it can affect the overall cost of the transaction. This value is set by the government and is updated periodically to reflect changes in the real estate market.

Frequently asked questions

What is the current guideline value of N.S.K Street?

The current guideline value of N.S.K Street is Rs 7,150 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,500 per sq.ft in 2012 to Rs 4,355 per sq.ft in 2017, then increased to Rs 6,500 per sq.ft in 2023, and finally to Rs 7,150 per sq.ft in 2024.

What is the classification of N.S.K Street?

N.S.K Street is classified as Residential Class IV Type - I under the Chennai South Joint I SRO.

What are the stamp duty and registration fees for property transactions?

For a property valued at Rs 71,50,000, the stamp duty would be Rs 5,00,500 and the registration fee would be Rs 1,43,000, totaling Rs 6,43,500.

Which office handles the registration for N.S.K Street?

The registration for N.S.K Street is handled by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.