Guideline Value for N.S.K. Street(Chelliamman nagar)

N.S.K. Street(Chelliamman nagar) guideline value

The current guideline value of N.S.K. Street(Chelliamman nagar) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in 5. Athipattu village under the Konnur SRO, classified as Residential Class I Type - II.

How the guideline value of N.S.K. Street(Chelliamman nagar) has changed

The guideline value for N.S.K. Street(Chelliamman nagar) has seen several revisions over the years. The oldest available figure is from the 2017 revision, which was Rs 1,340 per sq.ft. This increased to Rs 2,000 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the value at Rs 2,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in 5. Athipattu

In 5. Athipattu village, there are 119 streets under the Konnur SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,650 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which is the same as the guideline value for N.S.K. Street(Chelliamman nagar).

• Padasalai Street: Rs 1,300 per sq.ft (2024)
• New Century Colony: Rs 2,400 per sq.ft (2024)
• Palaru Street: Rs 2,400 per sq.ft (2024)
• Nethaji street: Rs 1,300 per sq.ft (2024)
• Nehru Street 2Street(Chelliamman nagar): Rs 2,200 per sq.ft (2024)
• Nehru Street 1Street(Chelliamman nagar): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in N.S.K. Street(Chelliamman nagar)

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the 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, bringing the total to Rs 1,98,000. Please note that duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers N.S.K. Street(Chelliamman nagar)?

The Sub Registrar Office that covers N.S.K. Street(Chelliamman nagar) is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. You can find your SRO for more information.

How the guideline value is used when you buy or sell in 5. Athipattu

The guideline value plays a crucial role in the registration process when buying or selling property in 5. Athipattu. It serves as a benchmark for determining the stamp duty and registration fees that must be paid to the government.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is registered accurately. It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of N.S.K. Street(Chelliamman nagar)?

The current guideline value of N.S.K. Street(Chelliamman nagar) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,340 per sq.ft to Rs 2,200 per sq.ft in 2024, marking a total increase of 64% over seven years.

What are the stamp duty and registration fees for property in N.S.K. Street(Chelliamman nagar)?

For a property with a guideline value of 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.

Which office handles registrations for N.S.K. Street(Chelliamman nagar)?

The Konnur Sub Registrar Office is responsible for handling registrations for N.S.K. Street(Chelliamman nagar), located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees during property transactions. It ensures that the transaction is registered accurately and helps in maintaining transparency in property dealings.