Guideline Value for NANDHAVANAM

Nandhavanam guideline value

The current guideline value of Nandhavanam, located in Puthakaram village under the Walajabad SRO, is Rs 200 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - II land classification.

How the guideline value of Nandhavanam has changed

Over the years, the guideline value of Nandhavanam has seen several revisions. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft, marking a decrease of 33%. However, the value increased significantly to Rs 200 per sq.ft in the 2023 revision, and it remained the same in the 2024 revision, showing no change of 0% between these two years. The overall change from 2012 to 2024 is 0%.

From the 2017 revision to the 2023 revision, there was a notable increase of 49%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street, as the register does not contain any data for those years.

Guideline values in Puthakaram

Puthakaram village has 10 streets under the Walajabad SRO with a 2024 guideline value ranging from Rs 150 to Rs 300 per sq.ft. The median value among these streets is Rs 200 per sq.ft, which is the same as the guideline value for Nandhavanam.

• P.J.R Green Lands: Rs 150 per sq.ft (2024)
• Sai Thiruchandur Murugan Nagar: Rs 250 per sq.ft (2024)
• Indraprastha: Rs 200 per sq.ft (2024)
• Harsha Avenue: Rs 200 per sq.ft (2024)
• Sri Dakshina Moorthy Nagar: Rs 250 per sq.ft (2024)
• Sri Gunnalamman Nagar: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Nandhavanam

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nandhavanam?

The Sub Registrar Office that covers Nandhavanam is the Walajabad Sub Registrar Office, located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor when registering property in Puthakaram. It serves as a benchmark for determining the minimum value at which property transactions can be registered, ensuring transparency and consistency in property dealings.

When buying or selling property, the guideline value impacts the calculation of stamp duty and registration fees, which are essential costs associated with the transaction. Buyers and sellers must consider this value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Nandhavanam?

The current guideline value of Nandhavanam is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a drop to Rs 134 per sq.ft in 2017, followed by a return to Rs 200 per sq.ft in 2023 and 2024.

What are the other streets in Puthakaram with their guideline values?

Other streets in Puthakaram include P.J.R Green Lands at Rs 150 per sq.ft, Sai Thiruchandur Murugan Nagar at Rs 250 per sq.ft, Indraprastha and Harsha Avenue at Rs 200 per sq.ft, and Sri Dakshina Moorthy Nagar and Sri Gunnalamman Nagar at Rs 250 and Rs 150 per sq.ft, respectively.

What fees are associated with property registration in Nandhavanam?

For property registration in Nandhavanam, buyers should expect to pay stamp duty at 7% and a registration fee at 2% based on the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Nandhavanam?

The Sub Registrar Office for Nandhavanam is located at Sriperumbudur Road, Walajabad-631 605, Chengalpattu registration zone. You can find more details by using the provided link.