The present disclosure discloses a fastener assembly. The assembly comprises a stud having a head portion connectable to an actuator, and a shank extending from the head portion. At least a portion of the shank comprises threads, and an insulating material extends on the threads. A resistor module comprising one or more resistors is configured on the insulating material. One end of the one or more resistors is connectable to a power source, and other end of the one or more resistors is connectable to the power source through a nut engageable with the threads. A movement of the stud relative to the nut varies net resistance across the resistor module. The variation of net resistance across the resistor module may be used to determine position of the nut relative to the stud.