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 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 6th Street has changed

The guideline value for Nandanam Extention 6th 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 represents a 10% increase from the 2023 revision of Rs 13,000 per sq.ft. There are no figures available for the revisions in 2017, 2012, 2007, 2003, and 2002 for this street.

In summary, the guideline value has increased from Rs 13,000 per sq.ft in 2023 to Rs 14,300 per sq.ft in 2024. The previous revisions do not have any figures recorded for Nandanam Extention 6th Street, indicating that the value has been updated only in the last two years.

Guideline values in Mylapore Part 2

In Mylapore Part 2, there are a total 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 value for these streets is Rs 8,800 per sq.ft, and Nandanam Extention 6th Street's 2024 figure of Rs 14,300 per sq.ft 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, bringing the total to Rs 12,87,000. It is important to note that 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 precise calculations based on your specific property details.

Which Sub Registrar Office covers Nandanam Extention 6th Street?

Nandanam Extention 6th Street is covered by the Chennai Central Joint I Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. For more information, you can find your SRO.

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

The guideline value is a critical factor when registering a property in Mylapore Part 2. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair price, helping to maintain transparency in property dealings. It is essential for both buyers and sellers to be aware of the current guideline values to avoid any discrepancies during registration.

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 much has the guideline value changed recently?

The guideline value increased from Rs 13,000 per sq.ft in 2023 to Rs 14,300 per sq.ft in 2024, representing a 10% increase.

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

The land classification for Nandanam Extention 6th Street is Residential Special Type - IV.

Which office handles the registration for Nandanam Extention 6th Street?

The registration for Nandanam Extention 6th Street is handled by 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?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a 1,000 sq.ft plot at the current rate, the total stamp duty would be Rs 10,01,000 at 7% of the guideline value.