Guideline Value

Corporate

Guideline Value for N.S.K. NAGAR 11 STREET

₹4400/sq.ft.

The guideline value for N.s.k. Nagar 11 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 11 Street

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N.S.K. Nagar 11 Street guideline value

The current guideline value of N.S.K. Nagar 11 Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village and falls under the Kodambakkam SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of N.S.K. Nagar 11 Street has changed

The guideline value for N.S.K. Nagar 11 Street has undergone several revisions over the years. The 2007 revision recorded a value of Rs 850 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, this value decreased by 33% to Rs 2,680 per sq.ft in 2017. The 2023 revision saw a substantial increase of 49%, bringing the value to Rs 4,000 per sq.ft. Most recently, in the 2024 revision, the guideline value rose by 10% to Rs 4,400 per sq.ft.

There are no figures available for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 418%.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO, with guideline values ranging from Rs 3,300 to Rs 16,500 per sq.ft as of 2024. The median guideline value in this area is Rs 6,000 per sq.ft, placing N.S.K. Nagar 11 Street's 2024 figure below that median.

Stamp duty and registration fee for property in N.S.K. Nagar 11 Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the 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 use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers N.S.K. Nagar 11 Street?

The Sub Registrar Office that covers N.S.K. Nagar 11 Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Arumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of N.S.K. Nagar 11 Street?

The current guideline value of N.S.K. Nagar 11 Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much 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 land classification for N.S.K. Nagar 11 Street?

N.S.K. Nagar 11 Street is classified as Residential Class IV Type - II.

Where can I find the registration office for N.S.K. Nagar 11 Street?

The registration office for N.S.K. Nagar 11 Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in N.S.K. Nagar 11 Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000 at 7%.