Guideline Value for Nandanam Extention 10th Street

Nandanam Extention 10th Street guideline value

The current guideline value of Nandanam Extention 10th Street is Rs 14,300 per sq.ft, effective from 1 July 2024. This street falls under Mylapore Part 1 village and is registered with the Chennai Central Joint I SRO. The land classification for this area is Residential Special Type - IV.

How the guideline value of Nandanam Extention 10th Street has changed

The guideline value for Nandanam Extention 10th Street has seen changes over the years. The register does not have figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the value at Rs 13,000 per sq.ft, which was an increase from the previous revisions. The most recent 2024 revision has raised the guideline value to Rs 14,300 per sq.ft, marking a 10% increase from the 2023 figure.

This increase in the guideline value reflects the ongoing adjustments made by the registration department. The current figure of Rs 14,300 per sq.ft is notably above the median guideline value of Rs 8,800 per sq.ft for 333 streets in Mylapore Part 1 under the Chennai Central Joint I SRO.

Guideline values in Mylapore Part 1

In Mylapore Part 1, the guideline values range from Rs 4,400 to Rs 25,300 per sq.ft, with the median value being Rs 8,800 per sq.ft. Nandanam Extention 10th Street's guideline value is significantly above this median.

• Nandanam Extension Main Road: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 11th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Colony Tower Block Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 12th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Colony main Road: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 13th Street: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nandanam Extention 10th Street

For a 1,000 sq.ft plot at the current rate of Rs 14,300 per sq.ft, the guideline value amounts to 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. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nandanam Extention 10th Street?

The Sub Registrar Office that covers Nandanam Extention 10th Street is 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 1

The guideline value plays a crucial role in the registration process when buying or selling property in Mylapore Part 1. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the higher value between the guideline value and the sale price is taken into account for calculating the applicable duties and fees. This ensures that the registration process is compliant with the regulations set forth by the registration department.

Frequently asked questions

What is the current guideline value of Nandanam Extention 10th Street?

The current guideline value of Nandanam Extention 10th 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 has seen a change 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 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Nandanam Extention 10th Street?

The land classification for Nandanam Extention 10th Street is Residential Special Type - IV.

What is the registration office for this street?

The registration office for Nandanam Extention 10th Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the stamp duty calculated for properties on this street?

Stamp duty is calculated based on the higher value between the guideline value and the sale price. For example, for a property valued at Rs 1,43,00,000, the stamp duty at 7% would be Rs 10,01,000.