Guideline Value for NANNOOH BROTHERS GARDEN

Nannooh Brothers Garden guideline value

The current guideline value of Nannooh Brothers Garden is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Karapakkam village, under the Neelankarai SRO, and is classified as Residential Class II Type - II.

How the guideline value of Nannooh Brothers Garden has changed

In the 2012 revision, the guideline value was Rs 2,000 per sq.ft. This figure was then reduced to Rs 1,340 per sq.ft in the 2017 revision. Following this, the value increased significantly to Rs 2,000 per sq.ft in the 2023 revision, and it has now risen to Rs 2,200 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a notable increase of 49%, while the change from 2012 to 2017 saw a decrease of 33%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Karapakkam

In Karapakkam, there are 185 streets under the Neelankarai SRO that have a 2024 guideline value ranging from Rs 1,000 to Rs 10,700 per sq.ft. The median guideline value for these streets is Rs 1,700 per sq.ft, making the 2024 figure for Nannooh Brothers Garden above this median.

• Narayanaswamy Street: Rs 1,700 per sq.ft (2024)
• Nakinoni Venkateswarlu Garden: Rs 1,100 per sq.ft (2024)
• Natesan Avenue: Rs 2,200 per sq.ft (2024)
• Natesan Street: Rs 2,200 per sq.ft (2024)
• Natesan Street (Near Omr): Rs 2,200 per sq.ft (2024)
• NADU STREET 1st CROSS STREET (WEST): Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Nannooh Brothers Garden

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nannooh Brothers Garden?

The Sub Registrar Office covering Nannooh Brothers Garden is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor during the registration of property transactions in Karapakkam. It determines the minimum value on which stamp duty and registration fees are calculated, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling a property, the guideline value serves as a benchmark for both buyers and sellers. It is essential to be aware of the current guideline value to ensure compliance with legal requirements and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value of Nannooh Brothers Garden?

The current guideline value of Nannooh Brothers Garden is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has seen several changes, starting from Rs 2,000 in 2012, decreasing to Rs 1,340 in 2017, rising to Rs 2,000 in 2023, and finally reaching Rs 2,200 in 2024.

What is the land classification for Nannooh Brothers Garden?

Nannooh Brothers Garden is classified as Residential Class II Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, on a property valued at Rs 22,00,000, the total fees would amount to Rs 1,98,000.

Which office handles registrations for Nannooh Brothers Garden?

The Neelankarai Sub Registrar Office handles registrations for Nannooh Brothers Garden, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.