Guideline Value for NANDANAR STREET

Nandanar Street guideline value

The current guideline value of Nandanar Street in Athipattu village under the Thiruvottiyur SRO is Rs 330 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Nandanar Street has changed

The guideline value for Nandanar Street has seen several revisions over the years. The oldest recorded figure is from the 2017 revision at Rs 201 per sq.ft. This increased to Rs 300 per sq.ft in the 2023 revision, marking a significant rise of 49%. The most recent revision in 2024 set the guideline value at Rs 330 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2012 for Nandanar Street.

Guideline values in Athipattu

Athipattu village has a total of 108 streets under the Thiruvottiyur SRO that carry a 2024 guideline value, ranging from Rs 220 to Rs 462 per sq.ft. The median guideline value in this village is Rs 330 per sq.ft, which is equal to the current guideline value of Nandanar Street.

• Nachiyapuram: Rs 330 per sq.ft (2024)
• Muthu Anvenue: Rs 330 per sq.ft (2024)
• Nethaji Street / Nagar: Rs 330 per sq.ft (2024)
• Munaga Avenue: Rs 330 per sq.ft (2024)
• New Balaji Nagar: Rs 330 per sq.ft (2024)
• Mrc Nagar: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Nandanar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 330 per sq.ft, the total guideline value would be Rs 3,30,000. The stamp duty at 7% would amount to Rs 23,100, and the registration fee at 2% would be Rs 6,600, bringing the total fees together to Rs 29,700. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nandanar Street?

The Sub Registrar Office covering Nandanar Street is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions as it determines the minimum value at which a property can be registered. When buying or selling property in Athipattu, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the official value set by the government.

It is essential for buyers and sellers to be familiar with the guideline value as it influences the financial aspects of property transactions. Understanding the guideline value can help in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Nandanar Street?

The current guideline value of Nandanar Street is Rs 330 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 201 per sq.ft in 2017 to Rs 330 per sq.ft in 2024, marking an overall increase of 64% over the years.

What are the stamp duty and registration fees for property in Nandanar Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 3,30,000. The stamp duty would be Rs 23,100 and the registration fee would be Rs 6,600, totaling Rs 29,700.

Which Sub Registrar Office covers Nandanar Street?

The Thiruvottiyur Sub Registrar Office covers Nandanar Street, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification for Nandanar Street?

Nandanar Street is classified as Residential Class I Type - I, which indicates its suitability for residential development.