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Guideline Value

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Guideline Value for N.S.K. Road (Venkateswara Nagar)

₹2700/sq.ft.

The guideline value for N.s.k. Road (venkateswara Nagar) in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 8% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodungaiyur

Village

Madhavaram

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹2700 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2500 /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.7, Roja Nagar,madhavaram, Chennai-600060
044-25530001
[email protected]

DRO (District Registrar Office)

Nsc Bose Road, Kuralagam First Floor, Esplaned Street, Chennai-108
044-25266212
[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. Road (venkateswara Nagar)

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N.S.K. Road (Venkateswara Nagar) guideline value

The current guideline value of N.S.K. Road (Venkateswara Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of N.S.K. Road (Venkateswara Nagar) has changed

The guideline value for N.S.K. Road (Venkateswara Nagar) has undergone several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which remained unchanged in the 2023 revision. However, the 2024 revision saw an increase to Rs 2,700 per sq.ft, reflecting an 8% rise from the previous year.

There are no figures available for the years 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 2,700 per sq.ft, which matches the current value for N.S.K. Road (Venkateswara Nagar).

Stamp duty and registration fee for property in N.S.K. Road (Venkateswara Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value would be Rs 27,00,000. The stamp duty at 7% would amount to Rs 1,89,000, while the registration fee at 2% would be Rs 54,000, bringing the total cost for these fees to Rs 2,43,000. It is important to note that 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. Road (Venkateswara Nagar)?

The Sub Registrar Office that covers N.S.K. Road (Venkateswara Nagar) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Kodungaiyur. It helps determine the stamp duty and registration fees that need to be paid during the sale or purchase of a property.

Buyers and sellers should be aware that the guideline value may differ from the sale price; however, the duty is charged on the higher of the two. This ensures that the registration process is fair and transparent, adhering to the established values set by the local authorities.

Frequently asked questions

What is the current guideline value of N.S.K. Road (Venkateswara Nagar)?

The current guideline value of N.S.K. Road (Venkateswara Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 2,500 per sq.ft in 2012 to Rs 2,700 per sq.ft in 2024, representing an overall increase of 8% over this period.

What are the other streets in Kodungaiyur with similar guideline values?

Several other streets in Kodungaiyur have a guideline value of Rs 2,700 per sq.ft, including N.S.K. Road (Seetha Ram Nagar), N.S.K. Salai, and N.S.K. Road (R.V. Nagar).

What fees are associated with buying property in N.S.K. Road (Venkateswara Nagar)?

When purchasing property, buyers must pay a stamp duty of 7% and a registration fee of 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for property registration?

The Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060, covers N.S.K. Road (Venkateswara Nagar) for property registration.