Guideline Value

Corporate

Guideline Value for N.S.K. NAGAR MAIN ROAD

₹7100/sq.ft.

The guideline value for N.s.k. Nagar Main Road in Arumbakkam village (Kodambakkam SRO, Chennai zone) is Rs 7100 per sq.ft, effective 1 July 2024. It was Rs 6500 per sq.ft from 1 April 2023, a 9% change. The land classification is Mixed Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Arumbakkam

Village

Kodambakkam

SRO

Mixed Type - II
History
Period Guideline Value
From 1-7-2024 ₹7100 /sq.ft.
From 1-4-2023 ₹6500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4355 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1350 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1120 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1017 /sq.ft.
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 Main Road

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N.S.K. Nagar Main Road guideline value

The current guideline value of N.S.K. Nagar Main Road is Rs 7,100 per sq.ft, effective from 1 July 2024. This road is located in Arumbakkam village, under the Kodambakkam SRO, and is classified as Mixed Type - II.

How the guideline value of N.S.K. Nagar Main Road has changed

The guideline value for N.S.K. Nagar Main Road has seen significant changes over the years. In 2002, the guideline value was Rs 1,017 per sq.ft, which increased to Rs 1,120 per sq.ft in 2003. The value rose to Rs 1,350 per sq.ft in 2007, followed by a substantial jump to Rs 6,500 per sq.ft in 2012. However, it dropped to Rs 4,355 per sq.ft in 2017, before increasing again to Rs 6,500 per sq.ft in 2023, and finally reaching Rs 7,100 per sq.ft in 2024.

Notable changes between revisions include a 9% increase from 2023 to 2024, a 49% increase from 2017 to 2023, and a significant 381% rise from 2007 to 2012. The overall increase from 2002 to 2024 is 598%.

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 for N.S.K. Nagar Main Road is above this median.

Stamp duty and registration fee for property in N.S.K. Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 7,100 per sq.ft, the total guideline value would be Rs 71,00,000. The stamp duty at 7% would be Rs 4,97,000, and the registration fee at 2% would be Rs 1,42,000, bringing the total fees to Rs 6,39,000. It is important to note that 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 Main Road?

The Sub Registrar Office that covers N.S.K. Nagar Main Road 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. It is used to determine the stamp duty and registration fees that must be paid during the registration process. Buyers and sellers must be aware of the guideline value to ensure compliance with legal requirements.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of N.S.K. Nagar Main Road?

The current guideline value of N.S.K. Nagar Main Road is Rs 7,100 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 1,017 per sq.ft in 2002 to Rs 7,100 per sq.ft in 2024, marking an overall increase of 598%.

What are the stamp duty rates for properties in N.S.K. Nagar Main Road?

The stamp duty for properties in N.S.K. Nagar Main Road is 7%, and the registration fee is 2% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for N.S.K. Nagar Main Road located?

The Sub Registrar Office for N.S.K. Nagar Main Road is located at 2/31, Azhagiri Nagar 5th Street, Vadapalani, Chennai - 600 026.

How do I calculate the total fees for property registration?

Total fees for property registration can be calculated using the guideline value to determine stamp duty and registration fees. You can use the stamp duty and registration fee calculator for precise calculations.