Guideline Value for Nandanam Extention 14th Street

Nandanam Extention 14th Street guideline value

The current guideline value of Nandanam Extention 14th 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 14th Street has changed

In the 2023 revision, the guideline value for Nandanam Extention 14th Street was Rs 13,000 per sq.ft. This represents a 10% increase to the current value of Rs 14,300 per sq.ft in the 2024 revision. The register has no figures for this street in the years 2017, 2012, 2007, 2003, and 2002.

The changes between the revisions indicate a significant adjustment in value. The increase from Rs 13,000 to Rs 14,300 per sq.ft reflects the current market conditions as of 2024.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO with guideline values ranging from Rs 4,400 to Rs 25,300 per sq.ft. The median value is Rs 8,800 per sq.ft, placing Nandanam Extention 14th Street's 2024 figure above this median.

• Nandanam Extention 13th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 15th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 12th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 1st Cross Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 11th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 1st Street: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nandanam Extention 14th 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, totaling 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 14th Street?

The Sub Registrar Office that covers Nandanam Extention 14th 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 is an essential factor in the registration process of property transactions in Mylapore Part 1. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate stamp duty and registration fees.

When buying or selling a property, the guideline value helps both parties understand the official valuation of the property. It is crucial to consider this value when negotiating sale prices to ensure compliance with legal requirements during the registration process.

Frequently asked questions

What is the current guideline value of Nandanam Extention 14th Street?

The current guideline value of Nandanam Extention 14th 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 increased from Rs 13,000 per sq.ft in 2023 to Rs 14,300 per sq.ft in 2024, marking a 10% rise. The register has no figures for this street in the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Nandanam Extention 14th Street?

Nandanam Extention 14th Street is classified as Residential Special Type - IV. This classification indicates the intended use of the land in this area.

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

For a property valued at Rs 1,43,00,000, the stamp duty would be Rs 10,01,000, and the registration fee would be Rs 2,86,000, totaling Rs 12,87,000. These fees are calculated based on the guideline value or the sale price, whichever is higher.

Which office handles property registrations for Nandanam Extention 14th Street?

The Chennai Central Joint I Sub Registrar Office handles property registrations for Nandanam Extention 14th Street. The office is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.