Guideline Value

Corporate

Guideline Value for Aziz Mulk 7th St

₹10400/sq.ft.

The guideline value for Aziz Mulk 7th 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 7th St

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Aziz Mulk 7th St guideline value

The current guideline value of Aziz Mulk 7th 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 7th St has changed

The guideline value for Aziz Mulk 7th St has undergone several revisions over the years. In 2007, the guideline value was Rs 2,500 per sq.ft. This increased significantly to Rs 9,500 per sq.ft in 2012, marking a substantial rise of 280%. However, between 2012 and 2017, the value decreased to Rs 6,365 per sq.ft, a drop of 33%. The value then saw a notable increase to Rs 9,500 per sq.ft in 2023, representing a 49% increase. The most recent revision in 2024 set the value at Rs 10,400 per sq.ft, reflecting a 9% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 316%.

Guideline values in Nungambakkam

Nungambakkam village has a total of 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 value for these streets is Rs 8,800 per sq.ft, placing the guideline value of Aziz Mulk 7th St above the median.

Stamp duty and registration fee for property in Aziz Mulk 7th 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, while the registration fee at 2% would be Rs 2,08,000. Therefore, the total cost for stamp duty and registration would be Rs 9,36,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aziz Mulk 7th St?

The Sub Registrar Office that covers Aziz Mulk 7th 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 serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official registry.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Aziz Mulk 7th St?

The current guideline value of Aziz Mulk 7th 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 from Rs 2,500 per sq.ft in 2007 to Rs 10,400 per sq.ft in 2024, reflecting an overall increase of 316% over the years.

What is the land classification for Aziz Mulk 7th St?

Aziz Mulk 7th St is classified as Commercial Class I Type - I, indicating its suitability for commercial activities.

What are the stamp duty and registration fees for property in Aziz Mulk 7th St?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property, the total stamp duty and registration fees would amount to Rs 9,36,000.

Which Sub Registrar Office covers Aziz Mulk 7th St?

The Chennai Central Joint II Sub Registrar Office covers Aziz Mulk 7th St, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.