Guideline Value for Nandha Garden Phase-II

Nandha Garden Phase-II guideline value

The current guideline value of Nandha Garden Phase-II is Rs 1,200 per sq.ft. This property is located in Mambakkam village and falls under the Gooduvancheri SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Nandha Garden Phase-II has changed

The guideline value for Nandha Garden Phase-II has seen several revisions over the years. In 2012, the guideline value was set at Rs 1,200 per sq.ft. This remained unchanged until the next revision in 2017, where it dropped to Rs 804 per sq.ft. However, in the most recent revision in 2023, the guideline value increased to Rs 1,200 per sq.ft again.

From 2017 to 2023, there was a significant increase of 49%. The change from 2012 to 2017 was a decrease of 33%. Overall, the guideline value from 2012 to 2023 has remained the same at Rs 1,200 per sq.ft.

Guideline values in Mambakkam

Currently, there are no specific village figures provided for Mambakkam. Nandha Garden Phase-II is part of the Gooduvancheri SRO, which covers this area. Unfortunately, there are no other streets in Mambakkam listed with their guideline values.

Stamp duty and registration fee for property in Nandha Garden Phase-II

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would amount to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees together to 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.

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

Which Sub Registrar Office covers Nandha Garden Phase-II?

The Sub Registrar Office that covers Nandha Garden Phase-II is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

For further details, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Mambakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is recorded accurately in the official register. Buyers should be aware that the fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Nandha Garden Phase-II?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, and then back to Rs 1,200 per sq.ft in 2023.

What are the stamp duty and registration fees for property in Nandha Garden Phase-II?

For a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 and the registration fee would be Rs 24,000, totaling Rs 1,08,000.

Which Sub Registrar Office covers Nandha Garden Phase-II?

The Gooduvancheri Sub Registrar Office covers Nandha Garden Phase-II, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202.

Are there other streets in Mambakkam with guideline values?

No specific other streets in Mambakkam have been provided with guideline values at this time.