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Guideline Value

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Guideline Value for N.S.K. NAGAR 24 STREET

₹4400/sq.ft.

The guideline value for N.s.k. Nagar 24 Street in Arumbakkam village (Kodambakkam SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Arumbakkam

Village

Kodambakkam

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹850 /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)

2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.
044-24843265
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[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. Nagar 24 Street

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N.S.K. Nagar 24 Street guideline value

The current guideline value of N.S.K. Nagar 24 Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village under the Kodambakkam SRO, classified as Residential Class IV Type - II.

How the guideline value of N.S.K. Nagar 24 Street has changed

Since the 2007 revision, the guideline value has seen significant changes. In 2007, the value was Rs 850 per sq.ft, which increased to Rs 4,000 per sq.ft in 2012. This was a notable increase of 371%. However, the value then decreased to Rs 2,680 per sq.ft in 2017, marking a 33% decline. The value rose again to Rs 4,000 per sq.ft in 2023, and subsequently increased to Rs 4,400 per sq.ft in 2024, reflecting a 10% rise.

Overall, from 2007 to 2024, the guideline value has increased by 418%. Notably, the register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median value for these streets is Rs 6,000 per sq.ft, indicating that the guideline value of N.S.K. Nagar 24 Street is below this median.

Stamp duty and registration fee for property in N.S.K. Nagar 24 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, while the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers N.S.K. Nagar 24 Street?

The N.S.K. Nagar 24 Street falls under the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during property transactions in Arumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that buyers must pay when purchasing property. This ensures that the government receives the appropriate tax revenue from property transactions.

When selling property, the guideline value can also influence the sale price. Buyers and sellers often consider the guideline value to ensure that the transaction reflects fair pricing according to the established rates in the area.

Frequently asked questions

What is the current guideline value of N.S.K. Nagar 24 Street?

The current guideline value of N.S.K. Nagar 24 Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 850 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, marking an overall increase of 418% over this period.

What is the median guideline value in Arumbakkam?

The median guideline value for streets in Arumbakkam is Rs 6,000 per sq.ft, which is higher than the current value of N.S.K. Nagar 24 Street.

What are the stamp duty and registration fees for properties in N.S.K. Nagar 24 Street?

For a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles registrations for N.S.K. Nagar 24 Street?

The Kodambakkam Sub Registrar Office handles registrations for N.S.K. Nagar 24 Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.