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Guideline Value

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Guideline Value for N.S.K. NAGAR 6 STREET

₹4400/sq.ft.

The guideline value for N.s.k. Nagar 6 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 6 Street

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N.S.K. Nagar 6 Street guideline value

The current guideline value for N.S.K. Nagar 6 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 Sub Registrar Office (SRO). The land classification for this area is Residential Class IV Type - II.

How the guideline value of N.S.K. Nagar 6 Street has changed

The guideline value for N.S.K. Nagar 6 Street has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 850 per sq.ft. This increased significantly to Rs 4,000 per sq.ft in 2012, marking a rise of 371%. However, the value then dropped to Rs 2,680 per sq.ft in 2017, a decrease of 33%. The value rebounded to Rs 4,000 per sq.ft in 2023, and further increased to Rs 4,400 per sq.ft in 2024, reflecting a 10% rise from the previous year. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%, bringing it to Rs 4,000 per sq.ft. Overall, from 2007 to 2024, the guideline value has risen by 418%, reaching the current rate of Rs 4,400 per sq.ft.

Guideline values in Arumbakkam

In Arumbakkam, there are 391 streets under the Kodambakkam SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 16,500 per sq.ft. The median guideline value for these streets is Rs 6,000 per sq.ft, indicating that N.S.K. Nagar 6 Street's current value is below this median.

Stamp duty and registration fee for property in N.S.K. Nagar 6 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty is charged at 7%, which totals Rs 3,08,000, while the registration fee at 2% amounts to Rs 88,000. Together, the total cost for stamp duty and registration fee would be 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers N.S.K. Nagar 6 Street?

The N.S.K. Nagar 6 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 information.

How the guideline value is used when you buy or sell in Arumbakkam

The guideline value plays a crucial role in the registration of properties in Arumbakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must ensure that the sale price is either equal to or higher than the guideline value to comply with legal requirements.

When registering a property, the guideline value is referred to for calculating the applicable charges, ensuring transparency and standardization in property transactions. It is essential for all parties involved to be aware of the current guideline value to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for N.S.K. Nagar 6 Street?

The current guideline value for N.S.K. Nagar 6 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, reflecting an overall increase of 418% over the years.

What is the median guideline value for streets in Arumbakkam?

The median guideline value for the 391 streets in Arumbakkam under the Kodambakkam SRO is Rs 6,000 per sq.ft, which is above the current value of N.S.K. Nagar 6 Street.

What are the stamp duty and registration fees for properties in N.S.K. Nagar 6 Street?

For a property valued at Rs 44,00,000, the stamp duty 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 6 Street?

The Kodambakkam Sub Registrar Office handles the registration for N.S.K. Nagar 6 Street, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.