Guideline Value

Corporate

Guideline Value for N.S.K. NAGAR 10 STREET

₹4400/sq.ft.

The guideline value for N.s.k. Nagar 10 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 10 Street

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N.S.K. Nagar 10 Street guideline value

The current guideline value of N.S.K. Nagar 10 Street is Rs 4,400 per sq.ft, effective from July 1, 2024. This street is located in Arumbakkam village, under the Kodambakkam SRO, and is classified as Residential Class IV Type - II.

How the guideline value of N.S.K. Nagar 10 Street has changed

The guideline value for N.S.K. Nagar 10 Street has undergone several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 850 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a 371% rise. However, it then decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The value saw a substantial increase again, reaching Rs 4,000 per sq.ft in 2023, and finally rising to Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 418%. It is important to note that there are no figures available for the years 2002 and 2003 in the register for this street.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO that have 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, making the guideline value for N.S.K. Nagar 10 Street below this median.

Stamp duty and registration fee for property in N.S.K. Nagar 10 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling 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.

You can also use our stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers N.S.K. Nagar 10 Street?

The N.S.K. Nagar 10 Street falls under the Kodambakkam Sub Registrar Office located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration of property transactions in Arumbakkam. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are calculated based on the official value assigned to the property.

When buying or selling property, it is essential to be aware of the guideline value, as it can impact the overall costs involved in the transaction. Buyers should ensure they are informed about the current rates to avoid any unexpected expenses during the registration process.

Frequently asked questions

What is the current guideline value of N.S.K. Nagar 10 Street?

The current guideline value of N.S.K. Nagar 10 Street is Rs 4,400 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

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

What is the median guideline value in Arumbakkam?

The median guideline value for streets in Arumbakkam is Rs 6,000 per sq.ft, while N.S.K. Nagar 10 Street's value is below this median.

What are the stamp duty and registration fees for properties in N.S.K. Nagar 10 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 should I visit for property registration in N.S.K. Nagar 10 Street?

You should visit the Kodambakkam Sub Registrar Office located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026 for property registration related to N.S.K. Nagar 10 Street.