Guideline Value for N.S.K. Nagar

N.S.K. Nagar guideline value

The current guideline value of N.S.K. Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village, under the Sriperumpudur SRO, and is classified as Residential Class III Type - I.

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

The guideline value for N.S.K. Nagar has seen several revisions over the years. The most recent revision in 2024 maintains the value at Rs 700 per sq.ft, which was also the figure set in the previous 2023 revision. Prior to that, in 2017, the guideline value was Rs 469 per sq.ft. This indicates a significant increase of 49% from 2017 to 2023, and the overall change from 2017 to 2024 is also +49%.

There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, which is equal to the current guideline value of N.S.K. Nagar.

• Nuzurath Nagar: Rs 700 per sq.ft (2024)
• N.G.O. Colony Main Salai: Rs 1,200 per sq.ft (2024)
• N.G.O Colony IV th street: Rs 1,200 per sq.ft (2024)
• N.G.O. Colony Ist street: Rs 1,200 per sq.ft (2024)
• N.G.O. Colony IInd street: Rs 1,200 per sq.ft (2024)
• N.G.O. Colony IIIrd Street: Rs 1,200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty is charged at 7%, which totals Rs 49,000, while the registration fee is 2%, amounting to Rs 14,000. Together, the total costs for stamp duty and registration fee would be Rs 63,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more details on calculating these fees, you can use the stamp duty and registration fee calculator.

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

The Sub Registrar Office that covers N.S.K. Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Sriperumbudur A. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. Buyers and sellers must take this value into account to ensure compliance with local regulations.

When registering a property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the transaction is accurately reflected in the official records.

Frequently asked questions

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

The current guideline value of N.S.K. Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 700 per sq.ft from 2023 to 2024, while it increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in 2023, marking a 49% increase over that period.

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

N.S.K. Nagar is classified as Residential Class III Type - I, indicating its designation for residential use.

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

The Sub Registrar Office for N.S.K. Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, in the Chengalpattu registration zone.

How is stamp duty calculated in N.S.K. Nagar?

Stamp duty in N.S.K. Nagar is calculated based on the higher of the guideline value or the sale price. For example, on a property valued at Rs 7,00,000, the stamp duty at 7% would amount to Rs 49,000.