A new method measuring thermal conductivity of fluids is proposed in this research. It is based on the steady state heat transfer from a hot central cylinder to a cold outer cylinder located concentrically. This method guarantees more stable measurement than conventional THM(transient hot-wire method) due to its simplicity of theoretical principle. Measurements was made for the three nanofluid samples with different particle concentration of pure, 2% and 4%. Nanofluids are made by mixing the pure transformer oil with AlN nano particles. Design of the sensor module and experimental procedures are explained and comparison of the measuring data between present method and THM was made in detail.