Guideline Value for N.S.K. NAGAR 4 STREET

N.S.K. Nagar 4 Street guideline value

The current guideline value of N.S.K. Nagar 4 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 4 Street has changed

The guideline value for N.S.K. Nagar 4 Street has seen several revisions over the years. Starting with the 2007 revision, the value was Rs 850 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 371%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. The value then rose to Rs 4,000 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 4,400 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 418%.

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 4 Street's 2024 figure below this median.

• N.S.K. Nagar 3 Street: Rs 4,400 per sq.ft (2024)
• N.S.K. Nagar 5 Street: Rs 4,400 per sq.ft (2024)
• N.S.K. Nagar 6 Street: Rs 4,400 per sq.ft (2024)
• N.S.K. Nagar 7 Street: Rs 4,400 per sq.ft (2024)
• N.S.K. Nagar 8 Street: Rs 4,400 per sq.ft (2024)
• N.S.K. Nagar 9 Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in N.S.K. Nagar 4 Street

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the 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, totaling 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 further calculations.

Which Sub Registrar Office covers N.S.K. Nagar 4 Street?

The Sub Registrar Office that covers N.S.K. Nagar 4 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 a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

Frequently asked questions

What is the current guideline value of N.S.K. Nagar 4 Street?

The current guideline value of N.S.K. Nagar 4 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 the years.

What is the stamp duty for property in N.S.K. Nagar 4 Street?

The stamp duty for property in N.S.K. Nagar 4 Street is 7% of the guideline value or sale price, whichever is higher. For a plot valued at Rs 44,00,000, the stamp duty would be Rs 3,08,000.

Which office handles property registration for N.S.K. Nagar 4 Street?

The Kodambakkam Sub Registrar Office handles property registration for N.S.K. Nagar 4 Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

What is the land classification of N.S.K. Nagar 4 Street?

N.S.K. Nagar 4 Street is classified as Residential Class IV Type - II, indicating its designation for residential use within the Kodambakkam SRO.