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 2 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 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 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 figure for this street in the years 2017, 2012, 2007, 2003, and 2002.

Prior to the 2023 revision, the guideline values for Nandanam Extention 4th Street were not recorded in the register for the years mentioned. The changes from 2023 to 2024 reflect a significant adjustment in the valuation for this street.

Guideline values in Mylapore Part 2

Nandanam Extention 4th Street's 2024 guideline value of Rs 14,300 per sq.ft is 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, which range from Rs 4,400 to Rs 25,300 per sq.ft.

• 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, resulting in a total of Rs 12,87,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Nandanam Extention 4th Street?

The Sub Registrar Office that covers 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 information.

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

The guideline value plays a crucial role during the registration of property transactions in Mylapore Part 2. When a property is sold, the buyer must pay stamp duty and registration fees based on the higher value between the guideline value and the sale price.

This ensures that the government receives the appropriate revenue from property transactions. Buyers and sellers should be aware of the current guideline values to ensure compliance with registration requirements.

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 recently?

Recently, 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% increase.

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

The land classification for Nandanam Extention 4th Street is Residential Special Type - IV.

Where can I find the registration office for Nandanam Extention 4th Street?

The registration 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 stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,43,00,000, the stamp duty would be Rs 10,01,000 at 7%.