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Guideline Value

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Guideline Value for N.S.K. Street (K.M. Nagar)

₹2700/sq.ft.

The guideline value for N.s.k. Street (k.m. Nagar) in Kodungaiyur village (Madhavaram SRO, Chennai zone) is Rs 2700 per sq.ft, effective 1 July 2024. 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 N/A
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
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. Street (k.m. Nagar)

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N.S.K. Street (K.M. Nagar) guideline value

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

How the guideline value of N.S.K. Street (K.M. Nagar) has changed

The guideline value for N.S.K. Street (K.M. Nagar) has seen several revisions over the years. The 2012 revision set the value at Rs 2,500 per sq.ft, which decreased to Rs 1,675 per sq.ft in the 2017 revision, marking a decline of 33%. However, the latest revision in 2024 has increased the value to Rs 2,700 per sq.ft, reflecting a significant rise of 61% from the 2017 figure.

When considering the overall changes from 2012 to 2024, there has been a slight increase of 8%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

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. The median value for these streets is Rs 2,700 per sq.ft, which is equal to the current guideline value of N.S.K. Street (K.M. Nagar).

Stamp duty and registration fee for property in N.S.K. Street (K.M. Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers N.S.K. Street (K.M. Nagar)?

The Sub Registrar Office that covers N.S.K. Street (K.M. 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 during the registration of property transactions in Kodungaiyur. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling a property.

When a property is registered, the authorities will assess the guideline value to ensure that the transaction reflects a fair value for taxation purposes. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of N.S.K. Street (K.M. Nagar)?

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

How much has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, and then increased to Rs 2,700 per sq.ft in 2024. This reflects a 61% increase from 2017 to 2024 and an overall increase of 8% from 2012 to 2024.

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

For a property valued at Rs 27,00,000, the stamp duty would be Rs 1,89,000 and the registration fee would be Rs 54,000, totaling Rs 2,43,000. These fees are based on the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office handles registrations for N.S.K. Street (K.M. Nagar)?

The Madhavaram Sub Registrar Office handles registrations for N.S.K. Street (K.M. Nagar). It is located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

Are there other streets in Kodungaiyur with the same guideline value?

Yes, there are several other streets in Kodungaiyur that share the same guideline value of Rs 2,700 per sq.ft as N.S.K. Street (K.M. Nagar), including N.S.K. Street (Senthil Nagar), N.S.K. Salai Main Road, and others.