Guideline Value for Nandha Garden Extn

Nandha Garden Extn guideline value

The current guideline value of Nandha Garden Extn is Rs 1,200 per sq.ft, as per the 2023 revision. This area is located in Mambakkam village, under the Gooduvancheri SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Nandha Garden Extn has changed

The guideline value for Nandha Garden Extn has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 1,200 per sq.ft. However, it decreased to Rs 804 per sq.ft in the 2017 revision, marking a decrease of 33%. The most recent revision in 2023 saw a significant increase, bringing the guideline value back up to Rs 1,200 per sq.ft, which is a 49% increase from the 2017 figure.

Overall, from the 2012 revision to the 2023 revision, the guideline value has remained unchanged at Rs 1,200 per sq.ft. It is important to note that the register has no figures for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Mambakkam

Currently, there are no specific village figures available for Mambakkam. Nandha Garden Extn is one of the streets under the Gooduvancheri SRO, and there are no other streets in Mambakkam listed with guideline values.

Stamp duty and registration fee for property in Nandha Garden Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty, charged at 7%, would amount to Rs 84,000, while the registration fee at 2% would be Rs 24,000. Together, the total cost for stamp duty and registration fee would be Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Nandha Garden Extn?

The Nandha Garden Extn area is covered by the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone. For more information, you can find your SRO.

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

The guideline value is a crucial factor when buying or selling property in Mambakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. This ensures that the property is valued fairly in accordance with the local real estate market.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees. Buyers must pay these fees based on the guideline value or the actual sale price, whichever is higher, ensuring compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Nandha Garden Extn?

The current guideline value of Nandha Garden Extn is Rs 1,200 per sq.ft, as per the 2023 revision.

How has the guideline value changed over the years?

Since the 2012 revision, the guideline value has remained at Rs 1,200 per sq.ft, despite a decrease to Rs 804 per sq.ft in the 2017 revision. The value increased back to Rs 1,200 per sq.ft in 2023.

What is the land classification for Nandha Garden Extn?

Nandha Garden Extn is classified as Commercial Class I Type - II, indicating its designation for commercial use.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated in Nandha Garden Extn?

Stamp duty is charged at 7% and the registration fee at 2% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total of Rs 1,08,000 in fees.