Guideline Value for NANDHINI GARDEN PHASE -II

Nandhini Garden Phase -II guideline value

The current guideline value for Nandhini Garden Phase -II is Rs 960 per sq.ft, effective from 1 July 2024. This area is located in Manimangalam B village under the Padappai SRO, and is classified as Residential Class I Type - IV.

How the guideline value of Nandhini Garden Phase -II has changed

In the 2017 revision, the guideline value was Rs 871 per sq.ft. This figure remained unchanged in the 2023 revision. However, in the 2024 revision, the guideline value increased to Rs 960 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Manimangalam B

In Manimangalam B, there are 16 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 770 to Rs 1,800 per sq.ft, with a median value of Rs 1,360 per sq.ft. The guideline value for Nandhini Garden Phase -II is below this median.

• Nandhini Garden: Rs 880 per sq.ft (2024)
• Marvel Town: Rs 880 per sq.ft (2024)
• Shiva Garden Part - II: Rs 880 per sq.ft (2024)
• Shobha Blossoms: Rs 1,540 per sq.ft (2024)
• Sri Astalakshmi Nagar: Rs 770 per sq.ft (2024)
• Sri Astalakshmi Nagar Phase - III: Rs 770 per sq.ft (2024)

Stamp duty and registration fee for property in Nandhini Garden Phase -II

For a 1,000 sq.ft plot at the current rate of Rs 960 per sq.ft, the guideline value amounts to Rs 9,60,000. The stamp duty at 7% would be Rs 67,200, and the registration fee at 2% would be Rs 19,200, totaling Rs 86,400. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nandhini Garden Phase -II?

The Sub Registrar Office that covers Nandhini Garden Phase -II is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process of property transactions in Manimangalam B. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property in the area.

When selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps maintain transparency in property dealings. Buyers and sellers should be aware of the current guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for Nandhini Garden Phase -II?

The current guideline value for Nandhini Garden Phase -II is Rs 960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 871 per sq.ft in 2017 to Rs 960 per sq.ft in 2024, reflecting a 10% increase. The value remained unchanged at Rs 871 per sq.ft from 2017 to 2023.

What is the median guideline value for streets in Manimangalam B?

The median guideline value for streets in Manimangalam B is Rs 1,360 per sq.ft, with Nandhini Garden Phase -II's value being below this median.

Where can I find the registration office for Nandhini Garden Phase -II?

The registration office for Nandhini Garden Phase -II is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for property in Nandhini Garden Phase -II?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 9,60,000, the stamp duty would be Rs 67,200 at a rate of 7%.