Guideline Value for Nandanam Extention 14th Street

Nandanam Extention 14th Street guideline value

The current guideline value for Nandanam Extention 14th Street is Rs 14,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 2 village, under the Chennai Central Joint I SRO, and is classified as Residential Special Type - IV.

How the guideline value of Nandanam Extention 14th Street has changed

The guideline value for Nandanam Extention 14th Street has seen several revisions over the years. The most recent revision in 2024 set the value at Rs 14,300 per sq.ft, which is 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.

Prior to the 2023 revision, there were no recorded figures for Nandanam Extention 14th Street in the previous revisions. The 2024 guideline value is significantly above the median 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 of Rs 8,800 per sq.ft. Nandanam Extention 14th Street's 2024 figure of Rs 14,300 per sq.ft is 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 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, bringing the total to Rs 12,87,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the 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 2

The guideline value is a crucial factor when buying or selling property in Mylapore Part 2. It is used to determine the stamp duty and registration fees applicable during the transaction. Buyers should be aware that the guideline value may differ from the sale price, and the higher amount will be used for calculating the applicable duties.

When registering a property, it is essential to refer to the latest guideline value to ensure compliance with the legal requirements. This value serves as a benchmark for assessing the financial obligations associated with property transactions in the area.

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 much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 10%, from Rs 13,000 per sq.ft to Rs 14,300 per sq.ft.

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

Nandanam Extention 14th Street is classified as Residential Special Type - IV.

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

The Sub Registrar Office for Nandanam Extention 14th Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees during property transactions. It is important to use the higher of the guideline value or the sale price for these calculations.