Guideline Value

Corporate

Guideline Value for Aziz Mulk 4th St

₹10400/sq.ft.

The guideline value for Aziz Mulk 4th 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 ₹2500 /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 4th St

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Aziz Mulk 4th St guideline value

The current guideline value of Aziz Mulk 4th St is Rs 10,400 per sq.ft, effective from 1 July 2024. This street is located in Nungambakkam village, under the Chennai Central Joint II SRO, and is classified as Commercial Class I Type - I.

How the guideline value of Aziz Mulk 4th St has changed

Over the years, the guideline value of Aziz Mulk 4th St has seen significant changes. The earliest recorded revision was in 2007, with a guideline value of Rs 2,500 per sq.ft. This figure increased to Rs 9,500 per sq.ft in 2012, marking a substantial rise of 280%. However, the value then decreased to Rs 6,365 per sq.ft in 2017, reflecting a decline of 33%. The guideline value further increased to Rs 9,500 per sq.ft in 2023 and finally reached Rs 10,400 per sq.ft in 2024, showing a growth of 9% from the previous year. Notably, there are no figures available for the revisions in 2002 and 2003.

From 2017 to 2023, there was a significant increase of 49%, bringing the value to Rs 9,500 per sq.ft. The overall change from the 2007 revision to the current 2024 figure represents a remarkable increase of 316%, highlighting the evolving property landscape in the area.

Guideline values in Nungambakkam

In Nungambakkam, there are 270 streets under the Chennai Central Joint II SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 22,000 per sq.ft. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Aziz Mulk 4th St above this median.

Stamp duty and registration fee for property in Aziz Mulk 4th 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, bringing the total fees together to Rs 9,36,000. It is important to note that 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 detailed calculations.

Which Sub Registrar Office covers Aziz Mulk 4th St?

The Sub Registrar Office that covers Aziz Mulk 4th 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 is a crucial factor in the registration process when buying or selling property in Nungambakkam. It determines the minimum value at which the property can be registered and is used to calculate the applicable stamp duty and registration fees.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers and sellers should be aware of the guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Aziz Mulk 4th St?

The current guideline value of Aziz Mulk 4th 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 from Rs 2,500 per sq.ft in 2007 to Rs 10,400 per sq.ft in 2024, showing an overall increase of 316%.

What is the land classification of Aziz Mulk 4th St?

Aziz Mulk 4th St is classified as Commercial Class I Type - I.

Where can I find the Sub Registrar Office for Aziz Mulk 4th St?

The Sub Registrar Office for Aziz Mulk 4th St is the Chennai Central Joint II Sub Registrar Office, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

How is the stamp duty calculated for properties in Aziz Mulk 4th St?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 10,400 per sq.ft, the total guideline value would be Rs 1,04,00,000, leading to a stamp duty of Rs 7,28,000.