Guideline Value for Nandanam Extension Main Road

Nandanam Extension Main Road guideline value

The current guideline value of Nandanam Extension Main Road is Rs 14,300 per sq.ft, effective from 1 July 2024. This road is located in Mylapore Part 2 village and falls under the Chennai Central Joint I SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of Nandanam Extension Main Road has changed

The guideline value for Nandanam Extension Main Road has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 14,300 per sq.ft, which is an increase of 10% from the 2023 revision of Rs 13,000 per sq.ft. The register has no figures for the years 2002, 2003, 2007, 2012, and 2017 for this street.

Prior to the 2023 revision, there were no recorded figures for Nandanam Extension Main Road. The consistent updates in the guideline values reflect changes in the real estate landscape, with the latest figure indicating a significant increase in value from the previous year.

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 range from Rs 4,400 to Rs 25,300 per sq.ft. The median value is Rs 8,800 per sq.ft, placing Nandanam Extension Main Road's 2024 figure above this median.

• Nandanam Colony Tower Block Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 10th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Colony main Road: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 11th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Colony 4th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 12th Street: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nandanam Extension Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value would be Rs 1,43,00,000. The stamp duty at 7% would be Rs 10,01,000, and the registration fee at 2% would be Rs 2,86,000, bringing the total to Rs 12,87,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can calculate your fees using our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nandanam Extension Main Road?

The Nandanam Extension Main Road is covered by 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 buying or selling property in Mylapore Part 2, as it determines the minimum value at which a property can be registered. Buyers need to be aware that the stamp duty and registration fees are calculated based on this guideline value, ensuring that the transaction is compliant with local regulations.

When a property is sold, the guideline value helps in assessing the fair value of the property for taxation purposes. It is essential for both buyers and sellers to understand these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Nandanam Extension Main Road?

The current guideline value of Nandanam Extension Main Road is Rs 14,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

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

What is the land classification for Nandanam Extension Main Road?

The land classification for Nandanam Extension Main Road is Residential Special Type - IV. This classification affects the guideline value and the usage of the land.

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

For a property valued at the current guideline value of Rs 14,300 per sq.ft, the stamp duty would be Rs 10,01,000 and the registration fee would be Rs 2,86,000 for a 1,000 sq.ft plot. The total fees would be Rs 12,87,000.

Where can I find the Sub Registrar Office for Nandanam Extension Main Road?

The Sub Registrar Office covering Nandanam Extension Main Road is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. This office handles all registration processes for properties in the area.