Guideline Value

Corporate

Guideline Value for Aziz Mulk 6th St

₹10400/sq.ft.

The guideline value for Aziz Mulk 6th 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 6th St

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Aziz Mulk 6th St guideline value

The current guideline value of Aziz Mulk 6th 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 6th St has changed

Over the years, the guideline value for Aziz Mulk 6th St has seen significant changes. In the 2007 revision, the value was Rs 2,500 per sq.ft. It increased to Rs 9,500 per sq.ft in the 2012 revision, marking a substantial rise of 280%. However, in the 2017 revision, the value dropped to Rs 6,365 per sq.ft, reflecting a decrease of 33%. The 2023 revision set the value at Rs 9,500 per sq.ft, which then increased to Rs 10,400 per sq.ft in the 2024 revision, representing a 9% rise.

From 2017 to 2023, the value increased by 49%. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 316%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nungambakkam

Nungambakkam 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 value for these streets is Rs 8,800 per sq.ft, making the guideline value for Aziz Mulk 6th St above the median.

Stamp duty and registration fee for property in Aziz Mulk 6th St

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

You can also use the stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Aziz Mulk 6th St?

The Sub Registrar Office that covers Aziz Mulk 6th 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 during property registration in Nungambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When you buy or sell property, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Aziz Mulk 6th St?

The current guideline value of Aziz Mulk 6th St is Rs 10,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2007 revision, the guideline value has increased from Rs 2,500 per sq.ft to Rs 10,400 per sq.ft in 2024, marking an overall increase of 316%.

What are the stamp duty and registration fees for property in Aziz Mulk 6th St?

For a 1,000 sq.ft plot, the total guideline value would be 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 Sub Registrar Office covers Aziz Mulk 6th St?

The Chennai Central Joint II Sub Registrar Office covers Aziz Mulk 6th St, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

What is the land classification of Aziz Mulk 6th St?

Aziz Mulk 6th St is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.