Guideline Value for NSK NAGAR I II III IV

Nsk Nagar I II III IV guideline value

The current guideline value for Nsk Nagar I II III IV is Rs 902 per sq.ft, effective from 1 July 2024. This area is located in Allappakkam village under the Chengleput Joint I SRO and falls under the Residential Special Type - IV land classification.

How the guideline value of Nsk Nagar I II III IV has changed

The guideline value for Nsk Nagar I II III IV has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 902 per sq.ft, which is a slight increase from Rs 900 per sq.ft in 2023. Prior to that, in 2017, the guideline value was Rs 603 per sq.ft. The register has no figures for the years 2002, 2003, 2007, and 2012.

From 2017 to 2023, there was a significant increase of 49% in the guideline value, and an overall increase of 50% from 2017 to 2024. The changes reflect the evolving valuation of properties in this locality.

Guideline values in Allappakkam

In Allappakkam, there are 51 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 600 to Rs 2,000 per sq.ft. The median guideline value in this area is Rs 1,102 per sq.ft, positioning Nsk Nagar I II III IV's 2024 figure below that median.

• Pazhani Nagar: Rs 902 per sq.ft (2024)
• Mount N Clave @ Vidyarthi Nagar: Rs 902 per sq.ft (2024)
• Pranav Orchid: Rs 800 per sq.ft (2024)
• Mathina Nagar: Rs 1,102 per sq.ft (2024)
• Rahmath Golden City Ext: Rs 1,102 per sq.ft (2024)
• Malai Street: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Nsk Nagar I II III IV

For a 1,000 sq.ft plot at the current guideline value of Rs 902 per sq.ft, the total guideline value amounts to Rs 9,02,000. The stamp duty at 7% would be Rs 63,140, and the registration fee at 2% would be Rs 18,040, totaling Rs 81,180. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nsk Nagar I II III IV?

The Sub Registrar Office covering Nsk Nagar I II III IV is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, 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 Allappakkam

The guideline value is a crucial factor in property transactions in Allappakkam, as it serves as a benchmark for determining the minimum value of a property. When registering a property, buyers and sellers must consider the guideline value to ensure compliance with local regulations.

During the registration process, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value for Nsk Nagar I II III IV?

The current guideline value for Nsk Nagar I II III IV is Rs 902 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed from 2017 to 2024?

From 2017 to 2024, the guideline value has increased by 50%, rising from Rs 603 per sq.ft to Rs 902 per sq.ft.

What is the median guideline value in Allappakkam?

The median guideline value in Allappakkam is Rs 1,102 per sq.ft, with Nsk Nagar I II III IV's 2024 figure being below this median.

Where is the Chengleput Joint I Sub Registrar Office located?

The Chengleput Joint I Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is stamp duty calculated for properties in Nsk Nagar I II III IV?

Stamp duty for properties in Nsk Nagar I II III IV is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate would incur a stamp duty of Rs 63,140.