Guideline Value

Corporate

Guideline Value for Aziz Mulk Lane

₹10400/sq.ft.

The guideline value for Aziz Mulk Lane 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 Lane

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Aziz Mulk Lane guideline value

The current guideline value of Aziz Mulk Lane 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. The land classification for this area is Commercial Class I Type - I.

How the guideline value of Aziz Mulk Lane has changed

The guideline value for Aziz Mulk Lane has undergone several revisions over the years. In 2007, the guideline value was Rs 2,500 per sq.ft. It then increased significantly to Rs 9,500 per sq.ft in 2012, marking a rise of 280%. However, this value dropped to Rs 6,365 per sq.ft in 2017, reflecting a decrease of 33%. The value then saw a substantial increase to Rs 9,500 per sq.ft in 2023, and further rose to the current rate of Rs 10,400 per sq.ft in 2024, which is a 9% increase from the previous year.

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

Guideline values in Nungambakkam

In Nungambakkam, there are 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 for these streets is Rs 8,800 per sq.ft, placing Aziz Mulk Lane above this median value.

Stamp duty and registration fee for property in Aziz Mulk Lane

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 and the sale price.

For more information on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aziz Mulk Lane?

The Sub Registrar Office that covers Aziz Mulk Lane 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 details.

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

The guideline value is a critical factor when registering property transactions in Nungambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the current guideline value, as it directly impacts the costs associated with the transaction. Buyers should ensure that the sale price is at least equal to or greater than the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value of Aziz Mulk Lane?

The current guideline value of Aziz Mulk Lane 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 stamp duty for property in Aziz Mulk Lane?

The stamp duty for property in Aziz Mulk Lane is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Aziz Mulk Lane?

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

What is the land classification for Aziz Mulk Lane?

The land classification for Aziz Mulk Lane is Commercial Class I Type - I, indicating its suitability for commercial activities.