Guideline Value for Nandha Garden

Nandha Garden guideline value

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

How the guideline value of Nandha Garden has changed

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

When looking at the changes from 2012 to 2023, the overall guideline value has remained the same at Rs 1,200 per sq.ft. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2024 for this street.

Guideline values in Mambakkam

Currently, there are no specific village figures provided for Mambakkam. Nandha Garden is the only street mentioned under the Gooduvancheri SRO.

Stamp duty and registration fee for property in Nandha Garden

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts 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, totaling Rs 1,08,000. It is important to note that the 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 Nandha Garden?

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

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

The guideline value plays a crucial role in the registration process of property transactions in Mambakkam. It is used to determine the stamp duty and registration fees that need to be paid during the sale or purchase of property.

When a property is bought or sold, the guideline value is assessed to ensure that the correct fees are applied. This ensures transparency and compliance with local regulations during the transaction process.

Frequently asked questions

What is the current guideline value of Nandha Garden?

The current guideline value of Nandha Garden 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. This reflects a 49% increase from 2017 to 2023.

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

For a 1,000 sq.ft plot at the current guideline value of 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 office handles registrations for Nandha Garden?

The Gooduvancheri Sub Registrar Office handles registrations for Nandha Garden, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

Is there any guideline value figure for the year 2024?

No, the register does not have a guideline value figure for the year 2024 for Nandha Garden.