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Guideline Value

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Guideline Value for Nandhavanam Nagar Extn (S.No.549/1B)

₹990/sq.ft.

The guideline value for Nandhavanam Nagar Extn (s.no.549/1b) in Nandambakkam village (Padappai SRO, Chennai zone) is Rs 990 per sq.ft, effective 1 July 2024. It was Rs 900 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nandambakkam

Village

Padappai

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹990 /sq.ft.
From 1-4-2023 ₹900 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹603 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹900 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

3/158, Pushpagiri Main Rd, Padappai - 601 301.
044-27174392
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Nandhavanam Nagar Extn (s.no.549/1b)

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Nandhavanam Nagar Extn (S.No.549/1B) guideline value

The current guideline value for Nandhavanam Nagar Extn (S.No.549/1B) is Rs 990 per sq.ft, effective from 1 July 2024. This property is located in Nandambakkam village and falls under the Padappai SRO. The land classification is Residential Special Type - I.

How the guideline value of Nandhavanam Nagar Extn (S.No.549/1B) has changed

The guideline value for Nandhavanam Nagar Extn has seen several revisions over the years. The 2012 revision set the value at Rs 900 per sq.ft, which was then reduced to Rs 603 per sq.ft in the 2017 revision. Following this, the 2023 revision increased the value to Rs 900 per sq.ft, and the current 2024 revision raised it further to Rs 990 per sq.ft. There are no figures available for the years 2002, 2003, and 2007 for this street.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. The change from 2023 to 2024 reflects a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Nandambakkam

Nandambakkam village has 94 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 440 to Rs 2,300 per sq.ft. The median value among these streets is Rs 880 per sq.ft, placing Nandhavanam Nagar Extn's 2024 figure above this median.

Stamp duty and registration fee for property in Nandhavanam Nagar Extn (S.No.549/1B)

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value would be Rs 9,90,000. The stamp duty at 7% would amount to Rs 69,300, while the registration fee at 2% would be Rs 19,800, bringing the total fees to Rs 89,100. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nandhavanam Nagar Extn (S.No.549/1B)?

The Sub Registrar Office that covers Nandhavanam Nagar Extn is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor during property registration in Nandambakkam. It serves as a benchmark for determining the minimum price at which a property can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value, as it affects the overall costs involved in the transaction. Buyers and sellers must ensure that the sale price meets or exceeds the guideline value to comply with registration requirements.

Frequently asked questions

What is the current guideline value for Nandhavanam Nagar Extn?

The current guideline value for Nandhavanam Nagar Extn (S.No.549/1B) is Rs 990 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 900 per sq.ft in 2012 to Rs 603 per sq.ft in 2017, then increased to Rs 900 per sq.ft in 2023, and currently stands at Rs 990 per sq.ft in 2024.

What is the land classification for Nandhavanam Nagar Extn?

The land classification for Nandhavanam Nagar Extn (S.No.549/1B) is Residential Special Type - I.

Where is the Padappai Sub Registrar Office located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is stamp duty calculated for properties in Nandhavanam Nagar Extn?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. Additionally, a registration fee of 2% is applicable on the guideline value.