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 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 Extention 10th Street has changed

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

To summarize the revisions, the only figures available are from 2023 and 2024. The 2024 figure of Rs 14,300 per sq.ft is the highest recorded for this street in the available revisions.

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 for these streets is Rs 8,800 per sq.ft, indicating that Nandanam Extention 10th Street's value is above the 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 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 amount to Rs 10,01,000, and the registration fee at 2% would be Rs 2,86,000, making the total cost Rs 12,87,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nandanam Extention 10th Street?

The Nandanam Extention 10th Street falls under the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. To find your SRO, you can visit find your SRO.

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

The guideline value is an essential factor during property registration in Mylapore Part 2. It serves as a benchmark for determining the stamp duty and registration fees that must be paid when a property is bought or sold.

When you register a property, the guideline value is compared with the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring that the registration process is aligned with the official valuation set by the authorities.

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

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

The land classification for Nandanam Extention 10th Street is Residential Special Type - IV. This classification is important for understanding the type of development allowed in the area.

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

The stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2%. For example, a 1,000 sq.ft plot would incur a total cost of Rs 12,87,000 in duties and fees.

Where can I find the Sub Registrar Office for this street?

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