Guideline Value

Corporate

Guideline Value for N.S.K. NAGAR 5 STREET

₹4400/sq.ft.

The guideline value for N.s.k. Nagar 5 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 5 Street

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N.S.K. Nagar 5 Street guideline value

The current guideline value of N.S.K. Nagar 5 Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village and falls under the Kodambakkam SRO. The land classification for this area is Residential Class IV Type - II.

How the guideline value of N.S.K. Nagar 5 Street has changed

The guideline value for N.S.K. Nagar 5 Street has seen significant changes over the years. The 2007 revision recorded a value of Rs 850 per sq.ft, which increased dramatically to Rs 4,000 per sq.ft in 2012, marking a rise of 371%. However, the value decreased to Rs 2,680 per sq.ft in 2017, a drop of 33%. The subsequent revision in 2023 saw the value rise to Rs 4,000 per sq.ft, followed by a further increase to Rs 4,400 per sq.ft in 2024, which is a 10% increase from the previous year.

There are no figures recorded for the years 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 guideline value in this area is Rs 6,000 per sq.ft, placing N.S.K. Nagar 5 Street's 2024 value below that median.

Stamp duty and registration fee for property in N.S.K. Nagar 5 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 also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers N.S.K. Nagar 5 Street?

The N.S.K. Nagar 5 Street is covered by 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

When buying or selling property in Arumbakkam, the guideline value is a critical factor during the registration process. It serves as a benchmark for determining the stamp duty and registration fees that must be paid at the time of property registration.

The guideline value ensures that the property is registered at a value that reflects the market conditions, thereby helping to maintain transparency in property transactions. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value for N.S.K. Nagar 5 Street?

The current guideline value for N.S.K. Nagar 5 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, marking an overall increase of 418%.

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 5 Street.

What are the stamp duty and registration fees for N.S.K. Nagar 5 Street?

The stamp duty for a property valued at Rs 44,00,000 would be Rs 3,08,000, and the registration fee would be Rs 88,000, totaling Rs 3,96,000.

Which office handles the registration for N.S.K. Nagar 5 Street?

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