Guideline Value for N.S.K.NAGAR

N.S.K.Nagar guideline value

The current guideline value of N.S.K.Nagar is Rs 750 per sq.ft, effective from 1 July 2024. This area is located in Thiruninravur-A village under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class II Type - III.

How the guideline value of N.S.K.Nagar has changed

The guideline value for N.S.K.Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in 2023. The latest revision in 2024 raised the value to Rs 750 per sq.ft, marking a 7% increase from the previous year.

In terms of overall changes, the guideline value increased by 49% from 2017 to 2023 and has risen by 60% from 2017 to 2024. The register has no figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Thiruninravur-A

In Thiruninravur-A, there are 382 streets under the Avadi SRO with a guideline value for 2024 ranging from Rs 440 to Rs 2,750 per sq.ft. The median value is Rs 750 per sq.ft, which is equal to the guideline value of N.S.K.Nagar.

• N.S.K.Nagar & Streets: Rs 750 per sq.ft (2024)
• N.G.O Nagar & Streets: Rs 840 per sq.ft (2024)
• Om Sakthi Nagar & Streets: Rs 750 per sq.ft (2024)
• New Nagar: Rs 840 per sq.ft (2024)
• Pachaiyamman Nagar: Rs 750 per sq.ft (2024)
• New Indira Nagar: Rs 750 per sq.ft (2024)

Stamp duty and registration fee for property in N.S.K.Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 750 per sq.ft, the total guideline value would be Rs 7,50,000. The stamp duty at 7% would amount to Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total fees together to Rs 67,500. It is important to note that the 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.Nagar?

The Sub Registrar Office that covers N.S.K.Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor when registering property transactions in Thiruninravur-A. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the state receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps in assessing the fair value of the property. It is essential for both buyers and sellers to be aware of the current guideline value to facilitate a smooth transaction process.

Frequently asked questions

What is the current guideline value of N.S.K.Nagar?

The current guideline value of N.S.K.Nagar is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 750 per sq.ft in 2024, marking a total increase of 60% over this period.

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

For a property valued at Rs 7,50,000, the stamp duty would be Rs 52,500 and the registration fee would be Rs 15,000, totaling Rs 67,500.

Which Sub Registrar Office handles registrations for N.S.K.Nagar?

The Avadi Sub Registrar Office handles registrations for N.S.K.Nagar, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

What is the land classification of N.S.K.Nagar?

N.S.K.Nagar is classified as Residential Class II Type - III, indicating its suitability for residential development.