Guideline Value for Nandanam Extention 13th Street

Nandanam Extention 13th Street guideline value

The current guideline value of Nandanam Extention 13th Street is Rs 14,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 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 13th Street has changed

According to the guideline value register, there are no figures available for Nandanam Extention 13th Street for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 13,000 per sq.ft, which saw an increase of 10% to reach Rs 14,300 per sq.ft in the 2024 revision.

The 2024 revision reflects a significant update in the guideline value, moving from Rs 13,000 in 2023 to Rs 14,300 in 2024. This increase indicates a change in the valuation of properties in this area, aligning it with the current market conditions.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 25,300 per sq.ft, with a median value of Rs 8,800 per sq.ft. The guideline value for Nandanam Extention 13th Street is above this median.

• Nandanam Extention 12th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 14th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 11th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 15th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 10th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 1st Cross Street: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nandanam Extention 13th 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, and the registration fee at 2% would be Rs 2,86,000, resulting in a total of Rs 12,87,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nandanam Extention 13th Street?

The Nandanam Extention 13th 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 1

The guideline value is a crucial factor in the registration process when buying or selling property in Mylapore Part 1. It helps determine the stamp duty and registration fees that need to be paid at the time of the transaction.

When a property is registered, the guideline value is used to calculate the applicable fees based on the property's size and location. This ensures that the transaction is recorded accurately and complies with local regulations.

Frequently asked questions

What is the current guideline value of Nandanam Extention 13th Street?

The current guideline value of Nandanam Extention 13th 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 for Nandanam Extention 13th Street has 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 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Nandanam Extention 13th Street?

The land classification for Nandanam Extention 13th Street is Residential Special Type - IV. This classification is important for understanding the zoning and permissible uses of the land.

What are the stamp duty rates for property in this area?

The stamp duty rate for property in Nandanam Extention 13th Street is 7% of the guideline value. Additionally, there is a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

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

The Sub Registrar Office covering Nandanam Extention 13th Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. This office handles all registration activities for properties in the area.