Guideline Value for Nandanam Extention 6th Street

Nandanam Extention 6th Street guideline value

The current guideline value of Nandanam Extention 6th Street is Rs 14,300 per sq.ft, effective from 1 July 2024. This street is located in Mylapore Part 1 village, under the Chennai Central Joint I SRO, and is classified as Residential Special Type - IV.

How the guideline value of Nandanam Extention 6th Street has changed

In the 2023 revision, the guideline value was Rs 13,000 per sq.ft. The most recent 2024 revision shows an increase of 10%, bringing the current value to Rs 14,300 per sq.ft. The register has no figure for this street in the years 2002, 2003, 2007, 2012, and 2017.

Thus, the only revisions available for this street are from 2023 and 2024, reflecting a significant change in the guideline value over this one-year period.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets under the Chennai Central Joint I SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 25,300 per sq.ft, with a median value of Rs 8,800 per sq.ft. Nandanam Extention 6th Street's 2024 figure is above this median.

• Nandanam Extention 5th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 7th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 4th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 8th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 3rd Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 9th Street: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nandanam Extention 6th 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 duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Nandanam Extention 6th Street?

Nandanam Extention 6th Street falls under 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 further assistance.

How the guideline value is used when you buy or sell in Mylapore Part 1

The guideline value is a crucial factor during property registration in Mylapore Part 1. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring transparency and fairness in property transactions.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, which are essential costs to consider in the overall transaction process.

Frequently asked questions

What is the current guideline value of Nandanam Extention 6th Street?

The current guideline value of Nandanam Extention 6th 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 6th Street was Rs 13,000 per sq.ft in 2023, which increased by 10% to Rs 14,300 per sq.ft in 2024. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the land classification for Nandanam Extention 6th Street?

Nandanam Extention 6th Street is classified as Residential Special Type - IV, which is important for understanding the zoning and usage regulations for properties in this area.

What is the stamp duty for property in Nandanam Extention 6th Street?

The stamp duty for property in Nandanam Extention 6th Street is 7% of the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 1,43,00,000, the stamp duty would be Rs 10,01,000.

Where can I find the Sub Registrar Office for Nandanam Extention 6th Street?

The Sub Registrar Office covering Nandanam Extention 6th Street is the Chennai Central Joint I SRO, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. This office handles all property registrations in the area.