Guideline Value for NITHYASRI GARDENS - PHASE-1

Nithyasri Gardens - Phase-1 guideline value

The current guideline value of Nithyasri Gardens - Phase-1 is Rs 4,500 per sq.ft, effective from 1 July 2024. This area is located in Mogalivakkam village and falls under the Kunrathur SRO. The land classification for this street is Residential Class IV Type - IV.

How the guideline value of Nithyasri Gardens - Phase-1 has changed

The guideline value register has no figures for Nithyasri Gardens - Phase-1 for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 4,500 per sq.ft.

As there are no figures available for the previous revisions, there have been no changes in the guideline value for Nithyasri Gardens - Phase-1 between the years mentioned above. The 2024 figure stands alone as the current guideline value.

Guideline values in Mogalivakkam

In Mogalivakkam, there are 98 streets under the Kunrathur SRO, with guideline values ranging from Rs 2,530 to Rs 6,600 per sq.ft as per the 2024 revision. The median guideline value for these streets is Rs 2,970 per sq.ft, making the guideline value of Nithyasri Gardens - Phase-1 above that median.

• Pallavan Nagar: Rs 2,970 per sq.ft (2024)
• Natarajan Avenue: Rs 2,970 per sq.ft (2024)
• Paul Alaya Street: Rs 2,970 per sq.ft (2024)
• Perumal Koil Street: Rs 2,970 per sq.ft (2024)
• Munusamy Nagar: Rs 2,970 per sq.ft (2024)
• Mm Avenue: Rs 3,600 per sq.ft (2024)

Stamp duty and registration fee for property in Nithyasri Gardens - Phase-1

For a 1,000 sq.ft plot at the current guideline value of Rs 4,500 per sq.ft, the total guideline value would be Rs 45,00,000. The stamp duty at 7% would amount to Rs 3,15,000, and the registration fee at 2% would be Rs 90,000. Together, these fees would total Rs 4,05,000. 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 further assistance.

Which Sub Registrar Office covers Nithyasri Gardens - Phase-1?

The Sub Registrar Office that covers Nithyasri Gardens - Phase-1 is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mogalivakkam. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price. The higher of the two values will be used to calculate the stamp duty and registration fees, ensuring that the correct amount is paid to the authorities.

Frequently asked questions

What is the current guideline value of Nithyasri Gardens - Phase-1?

The current guideline value of Nithyasri Gardens - Phase-1 is Rs 4,500 per sq.ft, effective from 1 July 2024.

What is the land classification of Nithyasri Gardens - Phase-1?

The land classification for Nithyasri Gardens - Phase-1 is Residential Class IV Type - IV.

How has the guideline value changed over the years?

The guideline value register has no figures for Nithyasri Gardens - Phase-1 for the years 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision, which is Rs 4,500 per sq.ft.

What are the stamp duty and registration fees for a property in Nithyasri Gardens - Phase-1?

For a 1,000 sq.ft plot at the current guideline value of Rs 4,500 per sq.ft, the total guideline value would be Rs 45,00,000. The stamp duty would be Rs 3,15,000, and the registration fee would be Rs 90,000, totaling Rs 4,05,000.

Which office handles the registration for Nithyasri Gardens - Phase-1?

The Kunrathur Sub Registrar Office handles the registration for Nithyasri Gardens - Phase-1, located at No.59, Road Street, Kundrathur, Chennai -600 069.