Guideline Value for Wood creek county Main

Wood creek county Main guideline value

The current guideline value of Wood creek county Main is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Nandhambakkam village under the Alandur SRO, classified as Commercial Class I Type - I.

How the guideline value of Wood creek county Main has changed

The guideline value for Wood creek county Main has seen several revisions over the years. In 2007, the value was Rs 2,000 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012, marking a 200% rise. However, in 2017, the value dropped to Rs 4,020 per sq.ft, reflecting a decrease of 33%. The value then increased to Rs 6,000 per sq.ft in 2023, followed by a further increase to Rs 6,600 per sq.ft in 2024, which is a 10% rise.

Overall, from 2007 to 2024, the guideline value has increased by 230%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nandhambakkam

Nandhambakkam has 76 streets under the Alandur SRO with a 2024 guideline value ranging from Rs 2,200 to Rs 8,300 per sq.ft. The median value is Rs 3,900 per sq.ft, placing Wood creek county Main's 2024 figure above this median.

• Wood creek county phase 2: Rs 6,600 per sq.ft (2024)
• West Mada Veedhi: Rs 4,400 per sq.ft (2024)
• West Mada Street: Rs 4,400 per sq.ft (2024)
• West Kulakkarai Street: Rs 3,900 per sq.ft (2024)
• Vempuliyamman Koil Street: Rs 3,300 per sq.ft (2024)
• Vasanthacolony: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Wood creek county Main

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, making the total Rs 5,94,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Wood creek county Main?

The Sub Registrar Office that covers Wood creek county Main 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 in the registration process when buying or selling property in Nandhambakkam. It helps determine the stamp duty and registration fees that need to be paid during the transaction.

When you register a property, the guideline value is used to calculate the applicable fees, ensuring that the transaction is officially recognized. This ensures transparency and compliance with local regulations.

Frequently asked questions

What is the current guideline value for Wood creek county Main?

The current guideline value for Wood creek county Main is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 230% over the years.

What is the stamp duty rate in Chennai?

The stamp duty rate in Chennai is 7% of the guideline value or the sale price, whichever is higher.

Where is the Alandur Sub Registrar Office located?

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

What is the median guideline value in Nandhambakkam?

The median guideline value in Nandhambakkam is Rs 3,900 per sq.ft, with Wood creek county Main's value being above this median at Rs 6,600 per sq.ft.