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Guideline Value

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Guideline Value for N.S.K. Nagar 2nd Cross Street

₹1100/sq.ft.

The guideline value for N.s.k. Nagar 2nd Cross Street in Venkatapuram village (Kunrathur SRO, Chennai zone) is Rs 1100 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Venkatapuram

Village

Kunrathur

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹1100 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹670 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
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)

No.59. Road Street, Kundrathur, Chennai -600 069.
044-24780515
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 2nd Cross Street

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N.S.K. Nagar 2nd Cross Street guideline value

The current guideline value of N.S.K. Nagar 2nd Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Venkatapuram village, under the Kunrathur SRO, and is classified as Residential Special Type - II.

How the guideline value of N.S.K. Nagar 2nd Cross Street has changed

Over the years, the guideline value of N.S.K. Nagar 2nd Cross Street has seen several revisions. The 2012 revision set the value at Rs 1,000 per sq.ft, which was a decrease of 33% from Rs 670 per sq.ft in the 2017 revision. The value then remained unchanged at Rs 1,000 per sq.ft until the 2023 revision, which increased it to Rs 1,100 per sq.ft, marking a 10% rise. The latest revision in 2024 retains this value at Rs 1,100 per sq.ft.

Notably, there are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Venkatapuram

In Venkatapuram, there are 68 streets under the Kunrathur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 1,200 per sq.ft. The median value for these streets is Rs 1,200 per sq.ft, indicating that N.S.K. Nagar 2nd Cross Street's 2024 figure is below this median.

Stamp duty and registration fee for property in N.S.K. Nagar 2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total charges Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers N.S.K. Nagar 2nd Cross Street?

The N.S.K. Nagar 2nd Cross Street falls under the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Venkatapuram. It serves as a benchmark for determining the minimum value at which a property can be sold and is used to calculate the applicable stamp duty and registration fees.

When a buyer or seller engages in a property transaction, the guideline value ensures that the transaction is recorded at a fair value, thus helping to maintain transparency in real estate dealings. It is essential for both parties to be aware of the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for N.S.K. Nagar 2nd Cross Street?

The current guideline value for N.S.K. Nagar 2nd Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2023 to Rs 1,100 per sq.ft in 2024, marking a 10% increase. It was Rs 670 per sq.ft in 2017, then Rs 1,000 per sq.ft in 2012, and has seen various changes through the years.

What is the registration office for N.S.K. Nagar 2nd Cross Street?

The registration office for N.S.K. Nagar 2nd Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the stamp duty for property transactions in N.S.K. Nagar 2nd Cross Street?

The stamp duty for property transactions in N.S.K. Nagar 2nd Cross Street is charged at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 11,00,000, the stamp duty would be Rs 77,000.

What classification does N.S.K. Nagar 2nd Cross Street fall under?

N.S.K. Nagar 2nd Cross Street is classified as Residential Special Type - II, indicating its designated purpose within the locality.