Guideline Value for Nandanam Extention 4th Street

Nandanam Extention 4th Street guideline value

The current guideline value of Nandanam Extention 4th 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 street is Residential Special Type - IV.

How the guideline value of Nandanam Extention 4th Street has changed

The guideline value for Nandanam Extention 4th Street has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 14,300 per sq.ft, which reflects a 10% increase from the 2023 revision of Rs 13,000 per sq.ft. Prior to 2023, the register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value for Nandanam Extention 4th Street has increased from Rs 13,000 per sq.ft in 2023 to Rs 14,300 per sq.ft in 2024. The historical revisions indicate that there are no recorded values for this street in the years mentioned above.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO with a 2024 guideline value range 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, positioning Nandanam Extention 4th Street above this median value.

• Nandanam Extention 1st Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 2nd Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 3rd Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 4th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 5th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 6th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 7th Street: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nandanam Extention 4th 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, leading to a total of 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.

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

Which Sub Registrar Office covers Nandanam Extention 4th Street?

The Sub Registrar Office covering Nandanam Extention 4th 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 1

The guideline value is a crucial factor during the registration process when buying or selling property in Mylapore Part 1. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two figures is used to calculate the stamp duty and registration fees. This ensures that the fees reflect the actual market value of the property being transferred.

Frequently asked questions

What is the current guideline value of Nandanam Extention 4th Street?

The current guideline value of Nandanam Extention 4th 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 has changed from Rs 13,000 per sq.ft in 2023 to Rs 14,300 per sq.ft in 2024. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Nandanam Extention 4th Street?

The land classification for Nandanam Extention 4th Street is Residential Special Type - IV. This classification indicates the type of development and usage permitted in the area.

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

The Sub Registrar Office for Nandanam Extention 4th Street is the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For instance, a property valued at Rs 1,43,00,000 would incur a stamp duty of Rs 10,01,000 at a rate of 7%.