Guideline Value for Nandhewarar Nagar 2 Street

Nandhewarar Nagar 2 Street guideline value

The current guideline value of Nandhewarar Nagar 2 Street is Rs 1,500 per sq.ft. This street is located in Nandhivaram village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Nandhewarar Nagar 2 Street has changed

The guideline value for Nandhewarar Nagar 2 Street has undergone several revisions since 2002. In 2002, the guideline value was Rs 88 per sq.ft, which increased significantly to Rs 328 per sq.ft in 2007. Following this, the value rose dramatically to Rs 1,500 per sq.ft in 2012, before dropping to Rs 1,005 per sq.ft in 2017. The value remained at Rs 1,500 per sq.ft in 2023 and continues to be the same in the 2024 revision.

From 2017 to 2023, there was a notable increase of 49%. The revision from 2012 to 2017 saw a decrease of 33%. The substantial rise from 2007 to 2012 was 357%, while the increase from 2002 to 2007 was 273%. Overall, from 2002 to 2024, the guideline value has increased by 1,605%.

Guideline values in Nandhivaram

In Nandhivaram, there are 169 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 3,500 per sq.ft. The median value is Rs 1,500 per sq.ft, which is equal to the guideline value of Nandhewarar Nagar 2 Street.

• Nandheswarar Nagar 1 Street: Rs 1,500 per sq.ft (2024)
• Nandheswarar Avenue: Rs 1,500 per sq.ft (2024)
• Nangooram Nagar: Rs 1,000 per sq.ft (2024)
• Narayanapuram: Rs 1,500 per sq.ft (2024)
• Narayanapuram Main Road: Rs 1,500 per sq.ft (2024)
• Nagarajapuram: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Nandhewarar Nagar 2 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,500 per sq.ft, the total guideline value amounts to Rs 15,00,000. The stamp duty at 7% would be Rs 1,05,000, and the registration fee at 2% would be Rs 30,000, making the total fees Rs 1,35,000. 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 more details.

Which Sub Registrar Office covers Nandhewarar Nagar 2 Street?

The Sub Registrar Office that covers Nandhewarar Nagar 2 Street is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nandhivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Nandhivaram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of property registration.

When a property is sold, the guideline value is used to calculate the applicable duties, ensuring that the transaction is recorded accurately in the official registry. Buyers and sellers should be aware of these values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Nandhewarar Nagar 2 Street?

The current guideline value of Nandhewarar Nagar 2 Street is Rs 1,500 per sq.ft, effective from July 1, 2024.

How has the guideline value changed over the years?

The guideline value has seen significant changes, starting from Rs 88 per sq.ft in 2002 to Rs 1,500 per sq.ft in 2024, marking an overall increase of 1,605% over this period.

What are the registration fees for properties in Nandhewarar Nagar 2 Street?

The registration fees include a stamp duty of 7% and a registration fee of 2% based on the guideline value or the sale price, whichever is higher.

Where is the Gooduvancheri Sub Registrar Office located?

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

What other streets have the same guideline value as Nandhewarar Nagar 2 Street?

Other streets in Nandhivaram with the same guideline value of Rs 1,500 per sq.ft include Nandheswarar Nagar 1 Street, Nandheswarar Avenue, Narayanapuram, and Narayanapuram Main Road.