Guideline Value

Corporate

Guideline Value for N.S.K. AVENUE

₹1650/sq.ft.

The guideline value for N.s.k. Avenue in Kolathuvancheri village (Chennai South Joint I SRO, Chennai zone) is Rs 1650 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kolathuvancheri

Village

Chennai South Joint I

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹1650 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹500 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on N.s.k. Avenue

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

N.S.K. Avenue guideline value

The current guideline value of N.S.K. Avenue, located in Kolathuvancheri village, is Rs 1,650 per sq.ft as per the 2024 revision, effective from 1 July 2024. This property falls under the Residential Class III Type - I land classification and is managed by the Chennai South Joint I SRO.

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

Over the years, the guideline value of N.S.K. Avenue has seen several revisions. Starting from the 2007 revision, the value was Rs 500 per sq.ft, which increased significantly to Rs 1,500 per sq.ft in 2012, marking a 200% rise. However, in 2017, the value dropped to Rs 1,005 per sq.ft, a decrease of 33%. Following this, the value surged to Rs 1,500 per sq.ft in 2023, representing a 49% increase. The most recent revision in 2024 set the value at Rs 1,650 per sq.ft, reflecting a 10% increase from the previous year.

The guideline value register does not contain figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 230%.

Guideline values in Kolathuvancheri

In Kolathuvancheri, there are 146 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 660 to Rs 4,600 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which is the same as the current value for N.S.K. Avenue.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, bringing the total to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

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

N.S.K. Avenue 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 Kolathuvancheri

The guideline value is a critical factor in property transactions in Kolathuvancheri. It serves as the minimum value for property registration and is used to calculate stamp duty and registration fees. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When purchasing property, the guideline value helps determine the financial obligations associated with the sale, ensuring that all parties are aware of the costs involved. It is essential for both buyers and sellers to be informed about the current guideline value to facilitate a smooth registration process.

Frequently asked questions

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

The current guideline value of N.S.K. Avenue is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased from Rs 500 per sq.ft to Rs 1,650 per sq.ft in 2024, reflecting significant changes over the years.

Which Sub Registrar Office manages N.S.K. Avenue?

N.S.K. Avenue is managed 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.

What are the stamp duty rates for property in N.S.K. Avenue?

The stamp duty for property in N.S.K. Avenue is 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft property would incur a stamp duty of Rs 1,15,500.

How is the guideline value determined for other streets in Kolathuvancheri?

The guideline value for other streets in Kolathuvancheri is determined by the Chennai South Joint I SRO and varies by street, with values ranging from Rs 660 to Rs 4,600 per sq.ft as per the 2024 revision.