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Guideline Value

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Guideline Value for N.S.K. NAGAR 13 STREET

₹4400/sq.ft.

The guideline value for N.s.k. Nagar 13 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 13 Street

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N.S.K. Nagar 13 Street guideline value

The current guideline value of N.S.K. Nagar 13 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 13 Street has changed

The guideline value for N.S.K. Nagar 13 Street has undergone several revisions over the years. The earliest recorded value in 2007 was Rs 850 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, this value decreased to Rs 2,680 per sq.ft in 2017. The 2023 revision saw a rise to Rs 4,000 per sq.ft, followed by the current value of Rs 4,400 per sq.ft in 2024, marking a 10% increase from the previous year.

In summary, the changes between the revisions are as follows: from 2007 to 2012, there was an increase of 371%; from 2012 to 2017, a decrease of 33%; from 2017 to 2023, an increase of 49%; and from 2023 to 2024, an increase of 10%. The overall change from 2007 to 2024 reflects a substantial increase of 418%. The register has no 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, placing N.S.K. Nagar 13 Street's current value below this median.

Stamp duty and registration fee for property in N.S.K. Nagar 13 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 cost 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 our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers N.S.K. Nagar 13 Street?

The Sub Registrar Office that covers N.S.K. Nagar 13 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 for property transactions in Arumbakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When you register a property, the authorities will assess the guideline value to calculate the applicable duties. This ensures that the registration process is transparent and standardized across different properties in the region.

Frequently asked questions

What is the current guideline value of N.S.K. Nagar 13 Street?

The current guideline value of N.S.K. Nagar 13 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, starting from Rs 850 per sq.ft in 2007, increasing to Rs 4,000 per sq.ft in 2012, then decreasing to Rs 2,680 per sq.ft in 2017, and rising again to Rs 4,000 per sq.ft in 2023 before reaching the current value of Rs 4,400 per sq.ft in 2024.

What is the median guideline value in Arumbakkam?

The median guideline value in Arumbakkam is Rs 6,000 per sq.ft, which is higher than the current value of N.S.K. Nagar 13 Street.

Where can I find the Kodambakkam Sub Registrar Office?

The Kodambakkam Sub Registrar Office is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in N.S.K. Nagar 13 Street?

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