Guideline Value for Aziz Mulk 9th St

Aziz Mulk 9th St guideline value

The current guideline value of Aziz Mulk 9th St is Rs 10,400 per sq.ft, effective from 1 July 2024. This street is located in Nungambakkam village and falls under the Chennai Central Joint II SRO, classified as Commercial Class I Type - I.

How the guideline value of Aziz Mulk 9th St has changed

The guideline value for Aziz Mulk 9th St has seen several revisions over the years. In 2007, the value was Rs 2,500 per sq.ft, which increased significantly to Rs 9,500 per sq.ft in 2012, marking a 280% rise. However, this value decreased to Rs 6,365 per sq.ft in 2017, representing a decline of 33%. The value then rose again to Rs 9,500 per sq.ft in 2023, before reaching the current value of Rs 10,400 per sq.ft in 2024, an increase of 9% from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 316%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Nungambakkam

In Nungambakkam, there are 270 streets under the Chennai Central Joint II SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 22,000 per sq.ft, with a median value of Rs 8,800 per sq.ft. Aziz Mulk 9th St's 2024 figure of Rs 10,400 per sq.ft is above this median.

• Aziz Mulk 8th St: Rs 10,400 per sq.ft (2024)
• Aziz Mulk Lane: Rs 10,400 per sq.ft (2024)
• Aziz Mulk 7th St: Rs 10,400 per sq.ft (2024)
• Aziz Mulk 6th St: Rs 10,400 per sq.ft (2024)
• Aziz Mulk 5th St: Rs 10,400 per sq.ft (2024)
• Aziz Mulk 4th St: Rs 10,400 per sq.ft (2024)

Stamp duty and registration fee for property in Aziz Mulk 9th 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 to 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 precise calculations.

Which Sub Registrar Office covers Aziz Mulk 9th St?

The Aziz Mulk 9th St falls under 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 property transactions in Nungambakkam, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it affects the stamp duty and registration fees applicable during the transaction.

When registering a property, the buyer is required to pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the state government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Aziz Mulk 9th St?

The current guideline value of Aziz Mulk 9th 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 9th St?

Aziz Mulk 9th St is classified as Commercial Class I Type - I.

What are the stamp duty and registration fees for a property in Aziz Mulk 9th St?

For a property valued at 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.

Where can I find the Sub Registrar Office for Aziz Mulk 9th St?

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