Guideline Value

Corporate

Guideline Value for Aziz Mulk 2nd St

₹10400/sq.ft.

The guideline value for Aziz Mulk 2nd St in Nungambakkam village (Chennai Central Joint Ii SRO, Chennai zone) is Rs 10400 per sq.ft, effective 1 July 2024. It was Rs 9500 per sq.ft from 1 April 2023, a 9% change. The land classification is Commercial Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nungambakkam

Village

Chennai Central Joint II

SRO

Commercial Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹10400 /sq.ft.
From 1-4-2023 ₹9500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6365 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹9500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2620 /sq.ft.
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony ,cresent Street Alwarpet,chennai -600018
044-24331038
[email protected]

DRO (District Registrar Office)

No.182 Bharati Salai (pycrafts Road) Royapettah, Chennai - 600 014.
044-28613607
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Aziz Mulk 2nd St

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Aziz Mulk 2nd St guideline value

The current guideline value for Aziz Mulk 2nd St, located in Nungambakkam village, is Rs 10,400 per sq.ft. This value is effective from the 1st of July 2024 and falls under the Commercial Class I Type - I land classification. The street is registered with the Chennai Central Joint II SRO.

How the guideline value of Aziz Mulk 2nd St has changed

The guideline value for Aziz Mulk 2nd St has seen significant changes over the years. The 2007 revision set the value at Rs 2,620 per sq.ft, which increased to Rs 9,500 per sq.ft in 2012, marking a substantial rise of 263%. However, the value then decreased by 33% to Rs 6,365 per sq.ft in 2017. Following this, the value surged by 49% to Rs 9,500 per sq.ft in 2023, and has now increased by 9% to the current rate of Rs 10,400 per sq.ft in the 2024 revision.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 297%.

Guideline values in Nungambakkam

Nungambakkam village has a total of 270 streets under the Chennai Central Joint II SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 22,000 per sq.ft. The median guideline value in this area is Rs 8,800 per sq.ft, placing Aziz Mulk 2nd St above the median.

Stamp duty and registration fee for property in Aziz Mulk 2nd St

For a 1,000 sq.ft plot at the current guideline value of Rs 10,400 per sq.ft, the total guideline value amounts to Rs 1,04,00,000. The stamp duty at 7% would be Rs 7,28,000, and the registration fee at 2% would be Rs 2,08,000, leading to a total of Rs 9,36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aziz Mulk 2nd St?

The Sub Registrar Office that covers Aziz Mulk 2nd St is the Chennai Central Joint II Sub Registrar Office, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Nungambakkam. It determines the minimum value at which the property can be registered, ensuring that the government receives the appropriate stamp duty and registration fees based on this value.

When a buyer decides to purchase a property, they must consider the guideline value as it directly impacts the financial obligations during the registration process. The higher of the guideline value and the sale price will be used to calculate the applicable duties and fees.

Frequently asked questions

What is the current guideline value of Aziz Mulk 2nd St?

The current guideline value of Aziz Mulk 2nd St is Rs 10,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 2,620 per sq.ft in 2007 to Rs 10,400 per sq.ft in 2024, which is a total increase of 297% over the years.

What are the stamp duty and registration fees for a property in Aziz Mulk 2nd St?

For a property of 1,000 sq.ft, the total guideline value is Rs 1,04,00,000. The stamp duty would be Rs 7,28,000, and the registration fee would be Rs 2,08,000, totaling Rs 9,36,000.

Which office registers properties in Aziz Mulk 2nd St?

The Chennai Central Joint II Sub Registrar Office is responsible for registering properties in Aziz Mulk 2nd St, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

What is the significance of the guideline value in property transactions?

The guideline value is essential in property transactions as it determines the minimum registration value for properties. It ensures that the appropriate stamp duty and registration fees are collected based on the higher of the guideline value or the sale price.