Guideline Value

Corporate

Guideline Value for N.S.K. NAGAR 3 STREET

₹4400/sq.ft.

The guideline value for N.s.k. Nagar 3 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 3 Street

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N.S.K. Nagar 3 Street guideline value

The current guideline value of N.S.K. Nagar 3 Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village under the Kodambakkam SRO and is classified as Residential Class IV Type - II.

How the guideline value of N.S.K. Nagar 3 Street has changed

Over the years, the guideline value of N.S.K. Nagar 3 Street has seen significant changes. The 2007 revision recorded a value of Rs 850 per sq.ft, which increased dramatically to Rs 4,000 per sq.ft in 2012. However, this value decreased to Rs 2,680 per sq.ft in 2017. Following that, the 2023 revision brought the value back up to Rs 4,000 per sq.ft, and the latest 2024 revision set it at Rs 4,400 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%, while the jump from 2023 to 2024 was 10%. The overall increase from the 2007 revision to the 2024 revision stands at an impressive 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, with guideline values for 2024 ranging 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 3 Street's 2024 value below that median.

Stamp duty and registration fee for property in N.S.K. Nagar 3 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, 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 details.

Which Sub Registrar Office covers N.S.K. Nagar 3 Street?

The Sub Registrar Office that covers N.S.K. Nagar 3 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 the minimum value on which stamp duty and registration fees are calculated, ensuring that the transaction is recorded accurately and fairly.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of N.S.K. Nagar 3 Street?

The current guideline value of N.S.K. Nagar 3 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, with various revisions impacting the value over the years.

What is the stamp duty rate for property transactions?

The stamp duty rate for property transactions in Tamil Nadu is 7%, which is applied to the higher of the guideline value or the sale price.

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.

What are the other streets in Arumbakkam with the same guideline value?

Other streets in Arumbakkam with a guideline value of Rs 4,400 per sq.ft include N.S.K. Nagar 4 Street, N.S.K. Nagar 5 Street, N.S.K. Nagar 6 Street, N.S.K. Nagar 7 Street, N.S.K. Nagar 2 Street, and N.S.K. Nagar 8 Street.