Guideline Value for NASIN GHOOSE GARDEN

Nasin Ghoose Garden guideline value

The current guideline value of Nasin Ghoose Garden is Rs 3,300 per sq.ft, effective from 1 July 2024. This property is located in Chemmancheri village under the Neelankarai SRO, classified as Residential Class I Type - II.

How the guideline value of Nasin Ghoose Garden has changed

The guideline value for Nasin Ghoose Garden has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 3,300 per sq.ft, which is an increase from Rs 3,000 per sq.ft in 2023. Prior to that, the value was Rs 1,340 per sq.ft in 2017, showing a significant increase of 124% over the six-year period. The 2012 revision had set the value at Rs 2,000 per sq.ft, which was a decrease of 33% from the previous value in 2017.

There are no figures available for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value increased by 65%, reflecting the changes in property valuation over the years.

Guideline values in Chemmancheri

In Chemmancheri village, there are 195 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 6,600 per sq.ft, with a median value of Rs 1,700 per sq.ft. The guideline value for Nasin Ghoose Garden is above this median.

• Nazimunnissa Garden: Rs 1,700 per sq.ft (2024)
• Nedunchezhian Road: Rs 2,800 per sq.ft (2024)
• Nedunzhian Street: Rs 2,800 per sq.ft (2024)
• Nehru Nagar: Rs 3,300 per sq.ft (2024)
• Nandagopal Garden: Rs 1,100 per sq.ft (2024)
• Nehru Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nasin Ghoose Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty, charged at 7%, would amount to Rs 2,31,000, while the registration fee at 2% would be Rs 66,000. Together, the total fees would be Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nasin Ghoose Garden?

The Nasin Ghoose Garden area falls under 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 more information.

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

The guideline value is a crucial factor in property transactions in Chemmancheri, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with the transaction.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. The registration office uses this value to ensure that properties are not undervalued during the registration process.

Frequently asked questions

What is the current guideline value of Nasin Ghoose Garden?

The current guideline value of Nasin Ghoose Garden is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 3,300 per sq.ft in 2024, reflecting an overall increase of 65%.

What are the stamp duty and registration fees for properties in Nasin Ghoose Garden?

For a 1,000 sq.ft property, the total guideline value is Rs 33,00,000, with stamp duty at Rs 2,31,000 and registration fees at Rs 66,000, totaling Rs 2,97,000.

Which office handles registrations for Nasin Ghoose Garden?

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

What other streets in Chemmancheri have guideline values?

Other streets in Chemmancheri under the Neelankarai SRO include Nazimunnissa Garden, Nedunchezhian Road, Nedunzhian Street, Nehru Nagar, Nandagopal Garden, and Nehru Street, each with varying guideline values.