Guideline Value for Nandanam Extention 9th Street

Nandanam Extention 9th Street guideline value

The current guideline value of Nandanam Extention 9th 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 area is Residential Special Type - IV.

How the guideline value of Nandanam Extention 9th Street has changed

The guideline value for Nandanam Extention 9th Street has seen a revision from Rs 13,000 per sq.ft in 2023 to Rs 14,300 per sq.ft in 2024, reflecting an increase of 10%. Prior to the 2023 revision, the register has no figures for this street for the years 2002, 2003, 2007, 2012, and 2017.

In summary, the only available figures are from the 2023 and 2024 revisions. The significant increase from 2023 to 2024 indicates a notable change in the guideline value for this street.

Guideline values in Mylapore Part 1

In Mylapore Part 1, there are 333 streets that carry a 2024 guideline value ranging from Rs 4,400 to Rs 25,300 per sq.ft, with a median of Rs 8,800 per sq.ft. The guideline value of Nandanam Extention 9th Street is above this median.

• Nandanam Extention 8th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 7th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 6th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 5th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 4th Street: Rs 14,300 per sq.ft (2024)
• Nandanam Extention 3rd Street: Rs 14,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nandanam Extention 9th 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. Duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nandanam Extention 9th Street?

Nandanam Extention 9th Street is covered by 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 1

The guideline value is a crucial factor in 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 property transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Nandanam Extention 9th Street?

The current guideline value of Nandanam Extention 9th 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, which is a change of 10%.

What is the land classification for Nandanam Extention 9th Street?

Nandanam Extention 9th Street is classified as Residential Special Type - IV. This classification is important for understanding the zoning and permissible uses of the land.

Where can I find the registration office for Nandanam Extention 9th Street?

The registration office for Nandanam Extention 9th 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 Mylapore Part 1?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. The current rate for stamp duty is 7%, along with a registration fee of 2% on the guideline value or sale price.