Guideline Value

Corporate

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

₹2200/sq.ft.

The guideline value for N.s.k. Road 3rd Cross Street in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 2200 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kodungaiyur

Village

Madhavaram

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹2200 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹2000 /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 3rd Cross Street

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

The current guideline value of N.S.K. Road 3rd Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class II Type - I.

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

The guideline value for N.S.K. Road 3rd Cross Street has undergone changes over the years. In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This represents a 10% increase to the current value of Rs 2,200 per sq.ft in the 2024 revision. The register has no figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

From 2012 to 2024, the guideline value increased from Rs 2,000 per sq.ft to Rs 2,200 per sq.ft, reflecting a notable change. The absence of figures in the previous revisions indicates that there has been no recorded guideline value for N.S.K. Road 3rd Cross Street in those years.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value, ranging from Rs 1,900 to Rs 4,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. The guideline value of N.S.K. Road 3rd Cross Street is below this median, indicating its position within the local market.

Stamp duty and registration fee for property in N.S.K. Road 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000. Together, the total cost for these fees would be Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers N.S.K. Road 3rd Cross Street?

The Sub Registrar Office that covers N.S.K. Road 3rd Cross Street 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 plays a crucial role in property transactions in Kodungaiyur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees that need to be paid. This ensures that the transaction is recorded accurately and in compliance with local regulations.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the costs associated with property registration. Understanding this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

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

The current guideline value of N.S.K. Road 3rd Cross Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 2,000 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase. There are no recorded figures for the years 2023, 2017, 2007, 2003, and 2002 for this street.

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

N.S.K. Road 3rd Cross Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

How does the guideline value compare to other streets in Kodungaiyur?

The guideline value of N.S.K. Road 3rd Cross Street at Rs 2,200 per sq.ft is below the median value of Rs 2,700 per sq.ft for other streets in Kodungaiyur. This positions it within a range of values in the area.

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

For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000 and the registration fee would be Rs 44,000, totaling Rs 1,98,000. The duty is charged on the higher of the guideline value or the sale price.