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Guideline Value

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Guideline Value for N.S.K. NAGAR 12 STREET

₹4400/sq.ft.

The guideline value for N.s.k. Nagar 12 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 12 Street

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N.S.K. Nagar 12 Street guideline value

The current guideline value of N.S.K. Nagar 12 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, classified as Residential Class IV Type - II.

How the guideline value of N.S.K. Nagar 12 Street has changed

The guideline value for N.S.K. Nagar 12 Street has undergone several revisions over the years. In 2007, the value was Rs 850 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, it decreased by 33% to Rs 2,680 per sq.ft in 2017. Following this, the value surged by 49% to Rs 4,000 per sq.ft in 2023, and then rose by 10% to the current value of Rs 4,400 per sq.ft in 2024. Notably, 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%. This significant rise reflects the changes in the market and local regulations affecting property values in the area.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO with a guideline value range for 2024 from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value in this area is Rs 6,000 per sq.ft, placing N.S.K. Nagar 12 Street's 2024 value below the median.

Stamp duty and registration fee for property in N.S.K. Nagar 12 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, 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.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers N.S.K. Nagar 12 Street?

The Sub Registrar Office that covers N.S.K. Nagar 12 Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026. For further 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 property transactions in Arumbakkam. It serves as a benchmark for determining the minimum value at which properties can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid any penalties during the registration process.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties in a transaction are aware of the financial obligations associated with the transfer of property ownership.

Frequently asked questions

What is the current guideline value of N.S.K. Nagar 12 Street?

The current guideline value of N.S.K. Nagar 12 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 are the stamp duty and registration fees for properties in N.S.K. Nagar 12 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 Sub Registrar Office covers N.S.K. Nagar 12 Street?

The Kodambakkam Sub Registrar Office covers N.S.K. Nagar 12 Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification of N.S.K. Nagar 12 Street?

N.S.K. Nagar 12 Street is classified as Residential Class IV Type - II according to the local regulations.