Guideline Value for Nandanam Extention 2nd Street

Nandanam Extention 2nd Street guideline value

The current guideline value of Nandanam Extention 2nd 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. The land classification for this area is Residential Special Type - IV.

How the guideline value of Nandanam Extention 2nd Street has changed

The guideline value for Nandanam Extention 2nd Street has undergone several revisions over the years. The register does not provide figures for the years 2002, 2003, 2007, 2012, and 2017. However, the guideline value was Rs 13,000 per sq.ft in the 2023 revision, which increased by 10% to Rs 14,300 per sq.ft in the 2024 revision.

This significant change reflects the latest update in the guideline value register. The most recent figure of Rs 14,300 per sq.ft is now applicable, marking a notable increase from the previous year's value.

Guideline values in Mylapore Part 2

Mylapore Part 2 consists of 332 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 guideline value in this area is Rs 8,800 per sq.ft, making the 2024 figure for Nandanam Extention 2nd Street above the median.

• Nandanam Extention 1st Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 3rd Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 1st Cross Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 4th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 15th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 5th Street: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nandanam Extention 2nd 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 or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nandanam Extention 2nd Street?

The Sub Registrar Office that covers Nandanam Extention 2nd 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 details.

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

The guideline value is a crucial factor during the registration of property transactions in Mylapore Part 2. It serves as a reference point for calculating the stamp duty and registration fees, ensuring that the government receives its due revenue from property sales.

Frequently asked questions

What is the current guideline value of Nandanam Extention 2nd Street?

The current guideline value of Nandanam Extention 2nd 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 2nd Street has changed from Rs 13,000 per sq.ft in 2023 to Rs 14,300 per sq.ft in 2024, marking a 10% increase. There are no figures available for the revisions in 2002, 2003, 2007, 2012, and 2017.

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

Other streets in Mylapore Part 2, such as Nandanam Extention 1st Street, Nandanam Extention 3rd Street, and others, also have a guideline value of Rs 14,300 per sq.ft for 2024.

What is the stamp duty for a property in Nandanam Extention 2nd Street?

The stamp duty for a property valued at Rs 1,43,00,000 in Nandanam Extention 2nd Street would be Rs 10,01,000 at 7%, along with a registration fee of Rs 2,86,000 at 2%, totaling Rs 12,87,000.

Where can I find the Sub Registrar Office for Nandanam Extention 2nd Street?

The Sub Registrar Office for Nandanam Extention 2nd Street is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014, under the Chennai Central Joint I SRO.