Guideline Value for NANDAGOPAL GARDEN

Nandagopal Garden guideline value

The current guideline value of Nandagopal Garden is Rs 1,100 per sq.ft, effective from 1 July 2024. This area is located in Chemmancheri village under the Neelankarai SRO, classified as Residential Class IV Type - II.

How the guideline value of Nandagopal Garden has changed

The guideline value for Nandagopal Garden has seen several revisions over the years. In 2012, the value was Rs 1,000 per sq.ft. This decreased to Rs 670 per sq.ft in 2017, marking a decline of 33%. However, the value rose significantly to Rs 1,000 per sq.ft in the 2023 revision, and further increased to Rs 1,100 per sq.ft in 2024, representing a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chemmancheri

In Chemmancheri, there are 195 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft, with a median value of Rs 1,700 per sq.ft. Nandagopal Garden's 2024 guideline value is below this median.

• Nagarajan Garden: Rs 1,700 per sq.ft (2024)
• Nagaiah Salai @ Myana Salai: Rs 1,700 per sq.ft (2024)
• Myana Salai: Rs 1,100 per sq.ft (2024)
• Nasin Ghoose Garden: Rs 3,300 per sq.ft (2024)
• Nazimunnissa Garden: Rs 1,700 per sq.ft (2024)
• Nedunchezhian Road: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Nandagopal Garden

For a 1,000 sq.ft plot at the current rate of Rs 1,100 per sq.ft, the guideline value totals Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total to Rs 99,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nandagopal Garden?

The Sub Registrar Office covering Nandagopal Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for additional information.

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

The guideline value is a critical factor during property registration in Chemmancheri. It determines the amount of stamp duty and registration fees that buyers and sellers must pay, ensuring that the transaction is recorded accurately and legally.

When buying or selling property, the guideline value serves as a benchmark for the minimum price at which a property can be registered. This helps in maintaining transparency and consistency in property transactions within the area.

Frequently asked questions

What is the current guideline value of Nandagopal Garden?

The current guideline value of Nandagopal Garden is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification of Nandagopal Garden?

Nandagopal Garden is classified as Residential Class IV Type - II, indicating its use for residential purposes.

Where can I find the Sub Registrar Office for Nandagopal Garden?

The Sub Registrar Office for Nandagopal Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.

How is the stamp duty calculated for properties in Nandagopal Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For a property valued at Rs 11,00,000, the stamp duty at 7% would be Rs 77,000, with an additional registration fee of Rs 22,000 at 2%.