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Guideline Value

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Guideline Value for N.S.K. NAGAR 19 STREET

₹4400/sq.ft.

The guideline value for N.s.k. Nagar 19 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 19 Street

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N.S.K. Nagar 19 Street guideline value

The current guideline value of N.S.K. Nagar 19 Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village under the Kodambakkam Sub Registrar Office (SRO), classified as Residential Class IV Type - II.

How the guideline value of N.S.K. Nagar 19 Street has changed

The guideline value for N.S.K. Nagar 19 Street has undergone several revisions over the years. In 2007, the guideline value was set at Rs 850 per sq.ft, which saw a significant increase to Rs 4,000 per sq.ft in 2012. However, this value dropped to Rs 2,680 per sq.ft in 2017, marking a decrease of 33%. The value then rose sharply to Rs 4,000 per sq.ft in 2023, and further increased to Rs 4,400 per sq.ft in the 2024 revision, representing a 10% increase from the previous year.

Notably, the register does not contain figures for N.S.K. Nagar 19 Street for the years 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 418%, showcasing substantial growth in the value of this street over the years.

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. N.S.K. Nagar 19 Street's 2024 guideline value is below this median.

Stamp duty and registration fee for property in N.S.K. Nagar 19 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 at 7% would amount to Rs 3,08,000, while 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 and the sale price.

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

Which Sub Registrar Office covers N.S.K. Nagar 19 Street?

The Sub Registrar Office that covers N.S.K. Nagar 19 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 plays a crucial role 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 considered to ensure that the transaction is conducted at a fair value, and the appropriate taxes are collected. This helps maintain transparency in property transactions within the region.

Frequently asked questions

What is the current guideline value for N.S.K. Nagar 19 Street?

The current guideline value for N.S.K. Nagar 19 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, marking an overall increase of 418% over the years.

What are the stamp duty rates for property in N.S.K. Nagar 19 Street?

The stamp duty for property in N.S.K. Nagar 19 Street is 7% of the guideline value or sale price, whichever is higher. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000.

Which office handles the registration for N.S.K. Nagar 19 Street?

The Kodambakkam Sub Registrar Office handles the registration for N.S.K. Nagar 19 Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification for N.S.K. Nagar 19 Street?

N.S.K. Nagar 19 Street is classified as Residential Class IV Type - II, indicating its designation for residential purposes within the area.