Guideline Value for N.S.K. Nagar 3rd Cross Street

N.S.K. Nagar 3rd Cross Street guideline value

The current guideline value of N.S.K. Nagar 3rd Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Venkatapuram village and falls under the Kunrathur SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of N.S.K. Nagar 3rd Cross Street has changed

The guideline value for N.S.K. Nagar 3rd Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which was then reduced to Rs 670 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,000 per sq.ft in 2023, and further rose to Rs 1,100 per sq.ft in 2024, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register has no figures for the years 2002, 2003, and 2007 for this street.

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, with the median being Rs 1,200 per sq.ft. N.S.K. Nagar 3rd Cross Street's 2024 figure is below this median.

• N.S.K. Nagar 3rd Street: Rs 1,100 per sq.ft (2024)
• N.S.K. Nagar 2nd Street: Rs 1,100 per sq.ft (2024)
• N.S.K. Nagar 2nd Cross Street: Rs 1,100 per sq.ft (2024)
• N.S.K. Nagar Mettu Street: Rs 1,100 per sq.ft (2024)
• N.S.K. Nagar 1st Street: Rs 1,100 per sq.ft (2024)
• N.S.K. Nagar 1st Cross Street: Rs 1,100 per sq.ft (2024)

Stamp duty and registration fee for property in N.S.K. Nagar 3rd 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, leading to a total cost of Rs 99,000. 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 3rd Cross Street?

The N.S.K. Nagar 3rd Cross Street falls under the jurisdiction of the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Venkatapuram. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the registration office uses the guideline value to calculate the necessary fees, ensuring that the transaction is recorded accurately in accordance with government regulations.

Frequently asked questions

What is the current guideline value of N.S.K. Nagar 3rd Cross Street?

The current guideline value of N.S.K. Nagar 3rd 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 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 11,00,000, the total fees would amount to Rs 99,000.

Which office handles property registrations for N.S.K. Nagar 3rd Cross Street?

The Kunrathur Sub Registrar Office handles property registrations for N.S.K. Nagar 3rd Cross Street, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification for N.S.K. Nagar 3rd Cross Street?

The land classification for N.S.K. Nagar 3rd Cross Street is Residential Special Type - II.