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Guideline Value

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Guideline Value for N.S.K. NAGAR 8 STREET

₹4400/sq.ft.

The guideline value for N.s.k. Nagar 8 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 8 Street

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N.S.K. Nagar 8 Street guideline value

The current guideline value of N.S.K. Nagar 8 Street is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Arumbakkam village under the Kodambakkam SRO, classified as Residential Class IV Type - II.

How the guideline value of N.S.K. Nagar 8 Street has changed

The guideline value for N.S.K. Nagar 8 Street has seen several revisions over the years. In 2007, the value was Rs 850 per sq.ft, which increased significantly to Rs 4,000 per sq.ft in 2012. However, this value dropped to Rs 2,680 per sq.ft in 2017. The next revision in 2023 saw a rise to Rs 4,000 per sq.ft, and the most recent revision in 2024 set the value at Rs 4,400 per sq.ft. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

The changes between revisions are significant. From 2007 to 2012, there was a remarkable increase of 371%. However, between 2012 and 2017, the value decreased by 33%. Following that, from 2017 to 2023, the value increased by 49%, and the latest revision from 2023 to 2024 reflects a 10% increase. Overall, from 2007 to 2024, the guideline value has risen 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, with a median value of Rs 6,000 per sq.ft. The guideline value of N.S.K. Nagar 8 Street is below this median.

Stamp duty and registration fee for property in N.S.K. Nagar 8 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 cost for these fees 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. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers N.S.K. Nagar 8 Street?

The Sub Registrar Office that covers N.S.K. Nagar 8 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 property transactions in Arumbakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that are applicable. This ensures that the fees are calculated based on a standardized value set by the authorities.

During the registration process, it is essential to declare the sale price of the property. However, if the sale price is lower than the guideline value, the duty will be charged based on the guideline value instead. This practice helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of N.S.K. Nagar 8 Street?

The current guideline value of N.S.K. Nagar 8 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 registration office for N.S.K. Nagar 8 Street?

The registration office for N.S.K. Nagar 8 Street is the Kodambakkam Sub Registrar Office, located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How is stamp duty calculated for properties in N.S.K. Nagar 8 Street?

Stamp duty is calculated at 7% of the guideline value or the 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.

What is the land classification of N.S.K. Nagar 8 Street?

N.S.K. Nagar 8 Street is classified as Residential Class IV Type - II according to the land classification in the area.