Guideline Value for N.S.K.Street

N.S.K.Street guideline value

The current guideline value of N.S.K.Street in Periyapanancheri village is Rs 990 per sq.ft, effective from 1 July 2024. This street falls under the Pammal Sub Registrar Office (SRO) and is classified as Residential Class III Type - I.

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

The guideline value for N.S.K.Street has seen several revisions over the years. The 2017 revision set the value at Rs 603 per sq.ft, which was then increased to Rs 900 per sq.ft in the 2023 revision. The current 2024 revision reflects a further increase to Rs 990 per sq.ft, marking a 10% rise from the previous year. The overall increase from the 2017 revision to the 2024 revision is 64%.

It is important to note that the register has no figures for N.S.K.Street for the years 2002, 2003, 2007, and 2012. The significant changes between revisions include a 49% increase from 2017 to 2023, followed by the 10% increase from 2023 to 2024.

Guideline values in Periyapanancheri

In Periyapanancheri, there are 33 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 990 to Rs 4,925 per sq.ft. The median guideline value in this area is Rs 1,320 per sq.ft, placing N.S.K.Street's current value below this median.

• Purushothaman Nagar: Rs 1,650 per sq.ft (2024)
• Purushothaman Nagar Phase II: Rs 1,650 per sq.ft (2024)
• Mani Nagar: Rs 1,320 per sq.ft (2024)
• Ram Nagar: Rs 1,320 per sq.ft (2024)
• Kundrathur Main Road (ward 3): Rs 2,200 per sq.ft (2024)
• Kundrathur Main Road (ward 2): Rs 2,200 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, while the registration fee at 2% would be Rs 19,800, bringing the total charges to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers N.S.K.Street?

N.S.K.Street is covered by the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the registration of property transactions in Periyapanancheri. It is used to determine the stamp duty and registration fees that need to be paid when a buyer purchases property in the area.

When selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations during the registration process.

Frequently asked questions

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

The current guideline value of N.S.K.Street is Rs 990 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 64% to reach Rs 990 per sq.ft in 2024. The most recent change was a 10% increase from Rs 900 per sq.ft in 2023.

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

N.S.K.Street is classified as Residential Class III Type - I, which indicates its designation for residential use within the Pammal SRO.

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

The Pammal Sub Registrar Office covers N.S.K.Street and is located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is the stamp duty calculated for properties in N.S.K.Street?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 990 per sq.ft, the stamp duty would be Rs 69,300.