Guideline Value for N.S.K. NAGAR 14 STREET

N.S.K. Nagar 14 Street guideline value

The current guideline value of N.S.K. Nagar 14 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 14 Street has changed

The guideline value for N.S.K. Nagar 14 Street has seen 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, this value decreased to Rs 2,680 per sq.ft in 2017. The subsequent revision in 2023 brought the value back up to Rs 4,000 per sq.ft, and the latest revision in 2024 has set the value at Rs 4,400 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has risen by 418%. Notably, 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 carry a 2024 guideline value, ranging from Rs 3,300 to Rs 16,500 per sq.ft, with a median value of Rs 6,000 per sq.ft. The guideline value of N.S.K. Nagar 14 Street is below this median.

• N.S.K. Nagar 13 Street: Rs 4,400 per sq.ft (2024)
• N.S.K. Nagar 15 Street: Rs 4,400 per sq.ft (2024)
• N.S.K. Nagar 12 Street: Rs 4,400 per sq.ft (2024)
• N.S.K. Nagar 16 Street: Rs 4,400 per sq.ft (2024)
• N.S.K. Nagar 11 Street: Rs 4,400 per sq.ft (2024)
• N.S.K. Nagar 17 Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in N.S.K. Nagar 14 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, charged at 7%, would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total fees to Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers N.S.K. Nagar 14 Street?

The Sub Registrar Office that covers N.S.K. Nagar 14 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 details.

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 applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of N.S.K. Nagar 14 Street?

The current guideline value of N.S.K. Nagar 14 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 from Rs 850 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 418% over this period.

What is the land classification for N.S.K. Nagar 14 Street?

N.S.K. Nagar 14 Street is classified as Residential Class IV Type - II.

What are the stamp duty rates for properties in N.S.K. Nagar 14 Street?

The stamp duty for properties in N.S.K. Nagar 14 Street is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Kodambakkam Sub Registrar Office located?

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