Guideline Value for N.S.K STREET

N.S.K Street guideline value

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

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

Starting from the 2002 revision, the guideline value for N.S.K Street was Rs 420 per sq.ft. This figure increased to Rs 461 per sq.ft in 2003, marking a change of +10%. The value saw a further rise to Rs 550 per sq.ft in 2007, which was an increase of +19%. In 2012, the guideline value changed to Rs 2,500 per sq.ft, reflecting a significant increase of +355% from the previous revision.

From 2012 to 2017, the value decreased to Rs 1,675 per sq.ft, a drop of -33%. The next revision in 2023 raised the guideline value to Rs 2,500 per sq.ft, followed by the current figure of Rs 2,700 per sq.ft in 2024, representing an increase of +8%. Overall, from 2002 to 2024, the guideline value has increased by +543%.

Guideline values in Perambur

In Perambur village, there are 1,114 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 is the same as the guideline value for N.S.K Street.

• N.S.K 2nd STREET: Rs 2,700 per sq.ft (2024)
• N.S.K 1st 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 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. Together, the total cost for stamp duty and registration would be 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

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

The Sub Registrar Office that covers N.S.K Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. For more information, you can find your SRO.

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

The guideline value serves as a reference point for property transactions in Perambur. When buying or selling property, this value is used to determine the stamp duty and registration fees that need to be paid at the time of registration.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the overall cost of property transactions. The guideline value is updated periodically, reflecting changes in the real estate landscape.

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 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 420 per sq.ft in 2002 to Rs 2,700 per sq.ft in 2024, showing an overall increase of +543% over the years.

What is the stamp duty rate for properties in N.S.K Street?

The stamp duty rate for properties in N.S.K Street is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for N.S.K Street located?

The Sub Registrar Office for N.S.K Street is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the guideline value determined?

The guideline value is determined by the Registration Department and is updated periodically to reflect changes in property values in the area.