Guideline Value for Nandhavanam Nagar Extn

Nandhavanam Nagar Extn guideline value

The current guideline value of Nandhavanam Nagar Extn is Rs 990 per sq.ft, effective from 1 July 2024. This property is located in Nandambakkam village, under the Padappai SRO, and is classified as Residential Special Type - I.

How the guideline value of Nandhavanam Nagar Extn 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 later decreased to Rs 603 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 900 per sq.ft, and the latest 2024 revision raised it further to Rs 990 per sq.ft, marking a 10% increase from the previous year.

In summary, from the 2012 revision to the 2024 revision, the overall change in guideline value is an increase of 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Nandambakkam

In Nandambakkam, there are 94 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 2,300 per sq.ft, with a median value of Rs 880 per sq.ft. Nandhavanam Nagar Extn's 2024 figure of Rs 990 per sq.ft is above this median.

• Nandhavanam Nagar Extn (S.No.549/1B): Rs 990 per sq.ft (2024)
• Nandavanam Nagar: Rs 990 per sq.ft (2024)
• Nandambakkam To Kundrathur Road: Rs 1,210 per sq.ft (2024)
• N.C.Nagar: Rs 440 per sq.ft (2024)
• Moorthy Nagar: Rs 440 per sq.ft (2024)
• Panjatcharam Nagar: Rs 990 per sq.ft (2024)

Stamp duty and registration fee for property in Nandhavanam Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 990 per sq.ft, the total guideline value amounts to Rs 9,90,000. The stamp duty at 7% would be Rs 69,300, and the registration fee at 2% would be Rs 19,800, bringing the total cost for these 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Nandhavanam Nagar Extn?

The Nandhavanam Nagar Extn falls under 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 details.

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

The guideline value is a crucial factor when registering property transactions in Nandambakkam. It determines the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling a property, the guideline value serves as a benchmark for calculating the applicable fees. Buyers should be aware that the duty is charged based on the higher of the guideline value or the sale price, which can affect the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Nandhavanam Nagar Extn?

The current guideline value of Nandhavanam Nagar Extn 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 to Rs 900 per sq.ft in 2023, and finally to Rs 990 per sq.ft in 2024.

What is the land classification for Nandhavanam Nagar Extn?

Nandhavanam Nagar Extn is classified as Residential Special Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties in Nandhavanam Nagar Extn?

The stamp duty is charged at 7%, and the registration fee is charged at 2% of the guideline value or sale price, whichever is higher.

Which office handles registrations for Nandhavanam Nagar Extn?

The Padappai Sub Registrar Office handles registrations for Nandhavanam Nagar Extn, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.