Guideline Value

Corporate

Guideline Value for NANDHINI GARDEN

₹880/sq.ft.

The guideline value for Nandhini Garden in Manimangalam B village (Padappai SRO, Chennai zone) is Rs 880 per sq.ft, effective 1 July 2024. It was Rs 800 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Manimangalam B

Village

Padappai

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹880 /sq.ft.
From 1-4-2023 ₹800 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹536 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]

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Nandhini Garden guideline value

The current guideline value of Nandhini Garden, located in Manimangalam B village under the Padappai SRO, is Rs 880 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Nandhini Garden has changed

The guideline value for Nandhini Garden has seen significant changes over the years. In the 2017 revision, the value was Rs 536 per sq.ft. This increased to Rs 800 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has set the value at Rs 880 per sq.ft, reflecting 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 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 have 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. Nandhini Garden's 2024 figure is below this median.

Stamp duty and registration fee for property in Nandhini Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 880 per sq.ft, the total guideline value would be Rs 8,80,000. The stamp duty at 7% would amount to Rs 61,600, and the registration fee at 2% would be Rs 17,600, making the total cost for these fees Rs 79,200. 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?

The Sub Registrar Office that covers Nandhini Garden 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 details.

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

The guideline value is a crucial factor in property transactions in Manimangalam B. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value serves as a benchmark for the minimum price at which a property can be registered.

When buyers and sellers agree on a sale price, the higher of the sale price or the guideline value is used to calculate the applicable fees. This ensures that the government receives the correct taxes based on the property's value.

Frequently asked questions

What is the current guideline value of Nandhini Garden?

The current guideline value of Nandhini Garden is Rs 880 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 536 per sq.ft in 2017 to Rs 880 per sq.ft in 2024. This represents a total increase of 64% over the seven years.

What are the other streets in Manimangalam B with guideline values?

Other streets in Manimangalam B include Nandhini Garden Phase -II, Marvel Town, Shiva Garden Part - II, Shobha Blossoms, Sri Astalakshmi Nagar, and Sri Astalakshmi Nagar Phase - III, with values ranging from Rs 770 to Rs 1,540 per sq.ft in 2024.

What is the registration fee for properties in Nandhini Garden?

The registration fee for properties in Nandhini Garden is calculated based on the guideline value. For instance, a property valued at Rs 8,80,000 would incur a registration fee of Rs 17,600 at 2%.

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

The Sub Registrar Office covering Nandhini Garden is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find more information about your SRO online.