Guideline Value for Nandhi Nagar

Nandhi Nagar guideline value

The current guideline value of Nandhi Nagar, located in Kilkattalai village under the Pallavaram SRO, is Rs 1,980 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Nandhi Nagar has changed

The guideline value for Nandhi Nagar has undergone several revisions over the years. In 2003, the guideline value was Rs 231 per sq.ft, which increased to Rs 400 per sq.ft in 2007. Following that, the value jumped significantly to Rs 1,800 per sq.ft in 2012, before dropping to Rs 1,206 per sq.ft in 2017. The most recent revision in 2023 set the value at Rs 1,800 per sq.ft, and as of 2024, it has risen to Rs 1,980 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 757%. Notably, the register has no figure for Nandhi Nagar in 2002.

Guideline values in Kilkattalai

In Kilkattalai, there are 194 streets under the Pallavaram SRO, with 2024 guideline values ranging from Rs 1,080 to Rs 5,500 per sq.ft. The median guideline value for these streets is Rs 2,530 per sq.ft, placing Nandhi Nagar's 2024 figure below this median.

• Natesan Salai: Rs 1,080 per sq.ft (2024)
• MK Nagar & Extn.,: Rs 2,160 per sq.ft (2024)
• Medavakkam Main Road: Rs 5,500 per sq.ft (2024)
• Pallavan Nagar: Rs 1,980 per sq.ft (2024)
• Pallavan Nagar 1 To 3 Cross Street: Rs 1,980 per sq.ft (2024)
• Pallavaram Duraipakkam Link Road (200 Feet Road): Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Nandhi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value amounts to Rs 19,80,000. The stamp duty at 7% would be Rs 1,38,600, and the registration fee at 2% would be Rs 39,600, bringing the total fees to Rs 1,78,200. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Nandhi Nagar?

Nandhi Nagar falls under the jurisdiction of the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is crucial during property transactions as it determines the stamp duty and registration fees applicable when buying or selling property. Buyers and sellers must refer to the current guideline value to calculate these fees accurately.

When registering a property, the guideline value serves as a benchmark for the minimum value on which stamp duty is calculated. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Nandhi Nagar?

The current guideline value of Nandhi Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 231 per sq.ft to Rs 1,980 per sq.ft in 2024, marking an overall increase of 757% over the years.

What is the land classification for Nandhi Nagar?

Nandhi Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Nandhi Nagar?

The Sub Registrar Office covering Nandhi Nagar is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.

How is stamp duty calculated in Nandhi Nagar?

Stamp duty in Nandhi Nagar is calculated based on the guideline value or the sale price of the property, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.