Guideline Value for Nandanam Extention 12th Street

Nandanam Extention 12th Street guideline value

The current guideline value of Nandanam Extention 12th 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 12th Street has changed

The guideline value for Nandanam Extention 12th Street has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 14,300 per sq.ft, an increase of 10% from the 2023 revision of Rs 13,000 per sq.ft. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

Prior to the 2023 revision, the guideline value for Nandanam Extention 12th Street was not recorded in the register. The 2024 figure of Rs 14,300 per sq.ft is significant as it is above the median guideline value of Rs 8,800 per sq.ft for the 332 streets in Mylapore Part 2 under the Chennai Central Joint I SRO.

Guideline values in Mylapore Part 2

In Mylapore Part 2, the guideline values range from Rs 4,400 to Rs 25,300 per sq.ft, with a median value of Rs 8,800 per sq.ft. Nandanam Extention 12th Street's 2024 guideline value is above this median, indicating a higher valuation compared to many other streets in the area.

• Nandanam Extention 11th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 13th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 10th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 14th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extension Main Road: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 15th Street: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nandanam Extention 12th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 14,300 per sq.ft, the total guideline value amounts to Rs 1,43,00,000. The stamp duty at 7% would be Rs 10,01,000, while the registration fee at 2% would be Rs 2,86,000, bringing the total fees to 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 12th Street?

Nandanam Extention 12th Street 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 an essential factor during the registration process of property transactions in Mylapore Part 2. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being sold or purchased.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the correct amount of revenue based on the property's assessed value.

Frequently asked questions

What is the current guideline value of Nandanam Extention 12th Street?

The current guideline value of Nandanam Extention 12th Street is Rs 14,300 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

The guideline value increased from Rs 13,000 per sq.ft in 2023 to Rs 14,300 per sq.ft in 2024, marking a 10% rise.

What are the other streets with the same guideline value in Mylapore Part 2?

Other streets in Mylapore Part 2 with the same guideline value of Rs 14,300 per sq.ft include Nandanam Extention 11th Street, Nandanam Extention 13th Street, Nandanam Extention 10th Street, Nandanam Extention 14th Street, Nandanam Extension Main Road, and Nandanam Extention 15th Street.

What is the stamp duty rate for properties in Nandanam Extention 12th Street?

The stamp duty rate for properties in Nandanam Extention 12th Street is 7% of the guideline value or the sale price, whichever is higher.

Which office handles registrations for Nandanam Extention 12th Street?

The Chennai Central Joint I Sub Registrar Office handles registrations for Nandanam Extention 12th Street, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.