Guideline Value for Nandanam Colony 4th Street

Nandanam Colony 4th Street guideline value

The current guideline value of Nandanam Colony 4th Street is Rs 14,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 2 village under the Chennai Central Joint I SRO, and it falls under the land classification of Residential Special Type - IV.

How the guideline value of Nandanam Colony 4th Street has changed

In the 2023 revision, the guideline value was Rs 13,000 per sq.ft. This represents a 10% increase to the current value of Rs 14,300 per sq.ft in the 2024 revision. The register has no figure for the years 2017, 2012, 2007, 2003, and 2002 for this street.

As we look back, the guideline values for Nandanam Colony 4th Street have shown a significant increase from the previous revision. The change from 2023 to 2024 is the only recorded adjustment, with no data available for the earlier years.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are 332 streets under the Chennai Central Joint I SRO with a 2024 guideline value ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median value is Rs 8,800 per sq.ft, placing Nandanam Colony 4th Street above this median.

• Nandanam Colony 4th Cross Street: Rs 14,300 per sq.ft (2024)
• Nandanam Colony main Road: Rs 14,300 per sq.ft (2024)
• Nandanam Colony 3rd Street: Rs 14,300 per sq.ft (2024)
• Nandanam Colony Tower Block Street: Rs 14,300 per sq.ft (2024)
• Nandanam Colony 3rd Cross Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extension Main Road: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nandanam Colony 4th Street

For a 1,000 sq.ft plot at the current rate of Rs 14,300 per sq.ft, the guideline value is Rs 1,43,00,000. The stamp duty at 7% amounts to Rs 10,01,000, and the registration fee at 2% is Rs 2,86,000, totaling Rs 12,87,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Nandanam Colony 4th Street?

The Nandanam Colony 4th Street falls under the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mylapore Part 2

The guideline value is a crucial factor when registering property transactions. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a buyer or seller engages in a transaction, the guideline value helps ensure that the registration process is transparent and standardized, reflecting the prevailing market conditions in the area.

Frequently asked questions

What is the current guideline value of Nandanam Colony 4th Street?

The current guideline value of Nandanam Colony 4th Street is Rs 14,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 13,000 per sq.ft in 2023 to Rs 14,300 per sq.ft in 2024, marking a 10% increase. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the median guideline value in Mylapore Part 2?

The median guideline value in Mylapore Part 2 is Rs 8,800 per sq.ft. Nandanam Colony 4th Street's guideline value is above this median.

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

For a property valued at Rs 1,43,00,000, the stamp duty is Rs 10,01,000 and the registration fee is Rs 2,86,000, totaling Rs 12,87,000. Duty is charged on the higher of the guideline value or the sale price.

Where is the Sub Registrar Office for Nandanam Colony 4th Street?

The Sub Registrar Office covering Nandanam Colony 4th Street is located at No.182 Bharati Salai (pycrafts Road), Royapettah, Chennai-600014.