Guideline Value for NANDHINI GARDEN

Nandhini Garden guideline value

The current guideline value of Nandhini Garden, located in Ottiyampakkam village, is Rs 1,950 per sq.ft, effective from 1 July 2024. This area falls under the Selaiyur SRO and is classified as Residential Class I Type - I.

How the guideline value of Nandhini Garden has changed

The guideline value for Nandhini Garden has undergone several revisions over the years. In 2012, the value was set at Rs 1,800 per sq.ft. This figure remained unchanged until the next revision in 2017, which saw a decrease to Rs 1,206 per sq.ft. Following that, in 2023, the value increased to Rs 1,800 per sq.ft, and the most recent revision in 2024 raised it to Rs 1,950 per sq.ft.

In terms of percentage changes, the guideline value increased by 8% from 2023 to 2024. From 2017 to 2023, there was a significant increase of 49%. However, from 2012 to 2017, the value decreased by 33%. Overall, comparing the figures from 2012 to 2024, there has been a modest increase of 8%.

Guideline values in Ottiyampakkam

In Ottiyampakkam, there are 88 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 4,300 per sq.ft. The median value is Rs 1,950 per sq.ft, which is the same as the guideline value for Nandhini Garden. Below are the guideline values for other streets in Ottiyampakkam:

• Nayagam Avenue: Rs 1,650 per sq.ft (2024)
• Nehru Street: Rs 1,950 per sq.ft (2024)
• M.G.R.Street: Rs 2,200 per sq.ft (2024)
• Otteeswarar Koil Street: Rs 1,950 per sq.ft (2024)
• Otteeswarar Nagar: Rs 1,950 per sq.ft (2024)
• Ottiambakkam Main Road: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Nandhini Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,950 per sq.ft, the total guideline value amounts to Rs 19,50,000. The stamp duty at 7% would be Rs 1,36,500, and the registration fee at 2% would be Rs 39,000, totaling Rs 1,75,500. 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 Nandhini Garden?

Nandhini Garden falls under the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a critical factor in property transactions in Ottiyampakkam. It serves as a benchmark for determining the minimum value of a property, which is essential for calculating stamp duty and registration fees during the sale process.

When a property is bought or sold, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Nandhini Garden?

The current guideline value of Nandhini Garden is Rs 1,950 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, including a decrease from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, followed by increases to Rs 1,800 in 2023 and Rs 1,950 in 2024.

What is the land classification of Nandhini Garden?

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

What are the other streets in Ottiyampakkam with guideline values?

Other streets in Ottiyampakkam include Nayagam Avenue at Rs 1,650 per sq.ft, Nehru Street and Otteeswarar Koil Street at Rs 1,950 per sq.ft, and M.G.R.Street and Ottiambakkam Main Road at Rs 2,200 per sq.ft.

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

The Selaiyur Sub Registrar Office, which covers Nandhini Garden, is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.