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Guideline Value

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

₹1900/sq.ft.

The guideline value for N.s.k. Street (krishnamoorthy Nagar) in Erukancherry village (Madhavaram SRO, Chennai zone) is Rs 1900 per sq.ft, effective 1 July 2024. It was Rs 1800 per sq.ft from 1 April 2023, a 6% change. The land classification is Residential Class V Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Erukancherry

Village

Madhavaram

SRO

Residential Class V Type - I
History
Period Guideline Value
From 1-7-2024 ₹1900 /sq.ft.
From 1-4-2023 ₹1800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1206 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1800 /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 (krishnamoorthy Nagar)

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

The current guideline value of N.S.K. Street (Krishnamoorthy Nagar) is Rs 1,900 per sq.ft, effective from 1 July 2024. This street is located in Erukancherry village and falls under the Madhavaram SRO. The land classification for this area is Residential Class V Type - I.

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

The guideline value for N.S.K. Street has seen several revisions over the years. In 2012, the guideline value was Rs 1,800 per sq.ft, which then decreased to Rs 1,206 per sq.ft in 2017, marking a decline of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 1,800 per sq.ft. The most recent revision in 2024 set the guideline value at Rs 1,900 per sq.ft, reflecting a 6% increase from the previous year.

It is important to note that the register does not provide figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 6%.

Guideline values in Erukancherry

In Erukancherry, there are 376 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 3,800 per sq.ft. The median guideline value for the area is Rs 2,500 per sq.ft, which means that the 2024 figure for N.S.K. Street is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,900 per sq.ft, the total guideline value is Rs 19,00,000. The stamp duty at 7% would be Rs 1,33,000, and the registration fee at 2% would be Rs 38,000, totaling Rs 1,71,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

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

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

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

The guideline value plays a crucial role in the registration of property transactions in Erukancherry. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees that must be paid to the government.

It is essential for buyers and sellers to be aware of the guideline value, as it ensures that the transaction is documented accurately and helps in determining the legal value of the property during registration.

Frequently asked questions

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

The current guideline value of N.S.K. Street (Krishnamoorthy Nagar) is Rs 1,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years for N.S.K. Street?

The guideline value for N.S.K. Street has changed several times, from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, and then up to Rs 1,800 per sq.ft in 2023, followed by Rs 1,900 per sq.ft in 2024.

What is the median guideline value in Erukancherry?

The median guideline value in Erukancherry is Rs 2,500 per sq.ft, which means that N.S.K. Street's 2024 figure of Rs 1,900 per sq.ft is below this median.

What are the stamp duty and registration fees for properties in N.S.K. Street?

For a property valued at Rs 19,00,000, the stamp duty would be Rs 1,33,000 and the registration fee would be Rs 38,000, totaling Rs 1,71,000.

Where can I find the Sub Registrar Office for N.S.K. Street?

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