Guideline Value for Nandanar Street (Vivekananda Nagar)

Nandanar Street (Vivekananda Nagar) guideline value

The current guideline value of Nandanar Street (Vivekananda Nagar) is Rs 2,700 per sq.ft. This street is located in Kodungaiyur village, under the Madhavaram SRO, and is classified as Residential Class I Type - I.

How the guideline value of Nandanar Street (Vivekananda Nagar) has changed

The guideline value for Nandanar Street (Vivekananda Nagar) has undergone several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,700 per sq.ft, an increase of 61% from the 2017 revision, which was Rs 1,675 per sq.ft. The register has no figures for the years 2023, 2012, 2007, 2003, and 2002.

Prior to the 2017 revision, there were no recorded figures for the street in the earlier years. The 2024 revision reflects the median guideline value for other streets in Kodungaiyur, indicating a consistent valuation for this area.

Guideline values in Kodungaiyur

In Kodungaiyur, there are 1,318 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,900 to Rs 4,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. Nandanar Street (Vivekananda Nagar) aligns with this median value.

• Nandanar Street (Vivekanandha Colony): Rs 2,700 per sq.ft (2024)
• Nandanar Street: Rs 2,700 per sq.ft (2024)
• Narasimman Kallarai Salai: Rs 2,700 per sq.ft (2024)
• Narasimman Nagar 1st Street: Rs 2,700 per sq.ft (2024)
• Nakkiran Street: Rs 2,200 per sq.ft (2024)
• Narasimman Nagar 2nd Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Nandanar Street (Vivekananda Nagar)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total cost of duty and fees to Rs 2,43,000. 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 details.

Which Sub Registrar Office covers Nandanar Street (Vivekananda Nagar)?

The Sub Registrar Office that covers Nandanar Street (Vivekananda Nagar) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. To find more information, you can find your SRO.

How the guideline value is used when you buy or sell in Kodungaiyur

The guideline value is crucial when registering a property in Kodungaiyur, as it determines the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations during property transactions.

When a property is sold, the guideline value serves as a benchmark for calculating the necessary fees. This ensures that all transactions are conducted transparently and in accordance with the established norms set by the registration department.

Frequently asked questions

What is the current guideline value of Nandanar Street (Vivekananda Nagar)?

The current guideline value of Nandanar Street (Vivekananda Nagar) is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since the last revision?

Since the last revision in 2017, the guideline value has increased by 61%, from Rs 1,675 per sq.ft to Rs 2,700 per sq.ft in 2024.

What is the land classification for Nandanar Street (Vivekananda Nagar)?

Nandanar Street (Vivekananda Nagar) is classified as Residential Class I Type - I under the Madhavaram SRO.

Where can I find the registration office for properties in this area?

The registration office for properties in Nandanar Street (Vivekananda Nagar) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060.

How is the guideline value used in property transactions?

The guideline value is used to calculate the stamp duty and registration fees when buying or selling property. It ensures that all transactions are conducted in accordance with the regulations set by the registration department.