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Guideline Value

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Guideline Value for NSK Nagar 1st Street / Nehru Nagar Part - 2

₹4400/sq.ft.

The guideline value for Nsk Nagar 1st Street / Nehru Nagar Part - 2 in Velachery village (Velacheri SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Velachery

Village

Velacheri

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 N/A
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹4000 /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.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042
044-22553736
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Nsk Nagar 1st Street / Nehru Nagar Part - 2

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NSK Nagar 1st Street / Nehru Nagar Part - 2 guideline value

The current guideline value for NSK Nagar 1st Street / Nehru Nagar Part - 2 is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Velachery village and falls under the Velacheri SRO. The land classification for this area is Residential Class II Type - II.

How the guideline value of NSK Nagar 1st Street / Nehru Nagar Part - 2 has changed

The guideline value for NSK Nagar 1st Street / Nehru Nagar Part - 2 has seen a change from Rs 4,000 per sq.ft in the 2012 revision to Rs 4,400 per sq.ft in the 2024 revision, marking a 10% increase. The register has no figures for the years 2003, 2007, 2017, and 2023.

Prior to the 2012 revision, the guideline value was Rs 4,000 per sq.ft. The 2024 revision reflects a significant increase in the guideline value, aligning with the median value of Rs 4,400 per sq.ft for the 2691 streets in Velachery under the Velacheri SRO.

Guideline values in Velachery

In Velachery, the guideline values range from Rs 3,300 to Rs 13,200 per sq.ft, with a median value of Rs 4,400 per sq.ft. NSK Nagar 1st Street / Nehru Nagar Part - 2's 2024 figure matches this median.

Stamp duty and registration fee for property in NSK Nagar 1st Street / Nehru Nagar Part - 2

For a 1,000 sq.ft plot at the current rate of Rs 4,400 per sq.ft, the guideline value amounts to Rs 44,00,000. The stamp duty at 7% would be Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, totaling Rs 3,96,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers NSK Nagar 1st Street / Nehru Nagar Part - 2?

The NSK Nagar 1st Street / Nehru Nagar Part - 2 area is covered by the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property registration in Velachery. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When a property is sold, the guideline value is compared against the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the official valuation of properties in the area.

Frequently asked questions

What is the current guideline value for NSK Nagar 1st Street / Nehru Nagar Part - 2?

The current guideline value for NSK Nagar 1st Street / Nehru Nagar Part - 2 is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 4,000 per sq.ft in 2012 to Rs 4,400 per sq.ft in 2024, marking a 10% increase. The register has no figures for the years 2003, 2007, 2017, and 2023.

What is the land classification for NSK Nagar 1st Street / Nehru Nagar Part - 2?

The land classification for NSK Nagar 1st Street / Nehru Nagar Part - 2 is Residential Class II Type - II.

What are the stamp duty and registration fees for a property in this area?

For a 1,000 sq.ft plot valued at Rs 44,00,000, the stamp duty is Rs 3,08,000, and the registration fee is Rs 88,000, totaling Rs 3,96,000. Duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office located for this area?

The Velacheri Sub Registrar Office, which covers NSK Nagar 1st Street / Nehru Nagar Part - 2, is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.