Guideline Value for N.S.K. 3RD STREET

N.S.K. 3rd Street guideline value

The current guideline value for N.S.K. 3rd 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. 3rd Street has changed

The guideline value for N.S.K. 3rd Street has seen several revisions over the years. In 2002, the value was Rs 899 per sq.ft, which increased to Rs 995 per sq.ft in 2003, marking an increase of 11%. By 2007, the value rose significantly to Rs 1,800 per sq.ft, reflecting a growth of 81%. The 2012 revision brought the value to Rs 6,500 per sq.ft, an increase of 261% from 2007. However, the value dropped to Rs 4,355 per sq.ft in 2017, a decrease of 33%. The 2023 revision set the value at Rs 6,500 per sq.ft, followed by a 10% increase in 2024 to the current value of Rs 7,150 per sq.ft.

Overall, from 2002 to 2024, the guideline value has increased by 695%. There are no figures available for the revisions in years other than those listed.

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. The median value for these streets is Rs 9,900 per sq.ft, placing N.S.K. 3rd Street's 2024 figure below that median.

• North Tankview Street: Rs 3,520 per sq.ft (2024)
• N.S.K Street: Rs 7,150 per sq.ft (2024)
• North Mada Veethi: Rs 8,250 per sq.ft (2024)
• 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)

Stamp duty and registration fee for property in N.S.K. 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 7,150 per sq.ft, the total guideline value would be Rs 71,50,000. The stamp duty at 7% would amount to 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 duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers N.S.K. 3rd Street?

The N.S.K. 3rd 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 information.

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

The guideline value is a crucial factor when registering property transactions in Thiruvanmiyur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller approaches the registration office, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately according to the current regulations.

Frequently asked questions

What is the current guideline value of N.S.K. 3rd Street?

The current guideline value of N.S.K. 3rd 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 899 per sq.ft in 2002 to Rs 7,150 per sq.ft in 2024, marking an overall increase of 695% over the years.

What is the stamp duty rate for properties in N.S.K. 3rd Street?

The stamp duty rate for properties in N.S.K. 3rd Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for N.S.K. 3rd Street?

The Sub Registrar Office covering N.S.K. 3rd Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What is the land classification for N.S.K. 3rd Street?

N.S.K. 3rd Street is classified as Residential Class IV Type - I under the Chennai South Joint I SRO.