Guideline Value for NANDHIVARMAN STREET

Nandhivarman Street guideline value

The current guideline value of Nandhivarman Street is Rs 6,610 per sq.ft, effective from 1 July 2024. This street is located in Ekkaduthangal village and falls under the Chennai South Joint I SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Nandhivarman Street has changed

Over the years, the guideline value of Nandhivarman Street has seen significant changes. In 2002, the guideline value was Rs 350 per sq.ft. This increased to Rs 404 per sq.ft in 2003, marking a 15% rise. The value then surged to Rs 1,000 per sq.ft in 2007, reflecting a substantial increase of 148%. In 2012, the value was Rs 6,000 per sq.ft, showing a remarkable jump of 500% from the previous revision. However, it decreased to Rs 4,020 per sq.ft in 2017, a decline of 33%. The value then rose again to Rs 6,000 per sq.ft in 2023, and finally to Rs 6,610 per sq.ft in 2024, which is a 10% increase.

The overall change from 2002 to 2024 is an increase of 1789%. There are no figures available for the guideline value of Nandhivarman Street for the years not mentioned in the register.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median guideline value in this area is Rs 4,620 per sq.ft, placing Nandhivarman Street's 2024 figure above that median.

• Nakeeran Street: Rs 3,080 per sq.ft (2024)
• Muvendar Street: Rs 3,520 per sq.ft (2024)
• Muthuramalingam 2nd Lane: Rs 3,080 per sq.ft (2024)
• Muthuramalingam 1st Lane: Rs 3,080 per sq.ft (2024)
• Muthuramalinga Devar Street: Rs 3,520 per sq.ft (2024)
• Navarathina Garden 1st Street: Rs 6,610 per sq.ft (2024)

Stamp duty and registration fee for property in Nandhivarman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,610 per sq.ft, the total guideline value amounts to Rs 66,10,000. The stamp duty, charged at 7%, would be Rs 4,62,700, while the registration fee at 2% would be Rs 1,32,200. Therefore, the total cost for stamp duty and registration fees combined would be Rs 5,94,900. It is important to note that 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 Nandhivarman Street?

The Sub Registrar Office that covers Nandhivarman Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035, Chennai registration zone.

You can find your SRO for more details.

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

When buying or selling property in Ekkaduthangal, the guideline value plays a crucial role in determining the official value of the property. This value is used to calculate the stamp duty and registration fees that need to be paid during the transaction.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the financial obligations associated with property transactions. The guideline value ensures transparency and consistency in property dealings within the region.

Frequently asked questions

What is the current guideline value of Nandhivarman Street?

The current guideline value of Nandhivarman Street is Rs 6,610 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 350 per sq.ft in 2002 to Rs 6,610 per sq.ft in 2024, reflecting an overall increase of 1789%.

What is the land classification for Nandhivarman Street?

Nandhivarman Street is classified as Commercial Class I Type - II.

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

For a 1,000 sq.ft plot, the total stamp duty and registration fees would amount to Rs 5,94,900, based on the current guideline value.

Which office handles registrations for Nandhivarman Street?

The Chennai South Joint I Sub Registrar Office handles registrations for Nandhivarman Street, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.