Guideline Value for T C N S Gardens

T C N S Gardens guideline value

The current guideline value of T C N S Gardens is Rs 5,000 per sq.ft, effective from 1 July 2024. This area is located in Nandhambakkam village, under the Alandur SRO, and is classified as Residential Class I Type - II.

How the guideline value of T C N S Gardens has changed

The guideline value for T C N S Gardens has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 1,800 per sq.ft, which increased significantly to Rs 4,500 per sq.ft in 2012, marking a 150% increase. However, in the subsequent 2017 revision, the value dropped to Rs 3,015 per sq.ft, reflecting a decrease of 33%. The value then rose again to Rs 4,500 per sq.ft in 2023, before reaching the current figure of Rs 5,000 per sq.ft in 2024, which is an 11% increase from the previous year.

Overall, from the 2007 revision to the current 2024 revision, the guideline value has increased by 178%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nandhambakkam

In Nandhambakkam, there are 76 streets under the Alandur SRO, with 2024 guideline values ranging from Rs 2,200 to Rs 8,300 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, placing T C N S Gardens above this median.

• Surgikal Colony: Rs 4,400 per sq.ft (2024)
• Sundar Nagar Main: Rs 5,500 per sq.ft (2024)
• Sundar Nagar First Cross Street: Rs 5,500 per sq.ft (2024)
• Sundar Nagar first Avenue: Rs 5,500 per sq.ft (2024)
• Sundar Nagar 7th Avenue: Rs 5,500 per sq.ft (2024)
• Sundar Nagar 6th Avenue: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in T C N S Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total fees to Rs 4,50,000. 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 T C N S Gardens?

The Sub Registrar Office that covers T C N S Gardens is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Nandhambakkam. 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 property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the transaction is recorded accurately and complies with legal requirements.

Frequently asked questions

What is the current guideline value of T C N S Gardens?

The current guideline value of T C N S Gardens is Rs 5,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2007 to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of 178%.

What are the other streets in Nandhambakkam with their guideline values?

Other streets in Nandhambakkam include Surgikal Colony at Rs 4,400 per sq.ft, and several streets in Sundar Nagar at Rs 5,500 per sq.ft.

How is the stamp duty calculated for properties in T C N S Gardens?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a plot valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000.

Where is the Sub Registrar Office for T C N S Gardens located?

The Alandur Sub Registrar Office is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.