Guideline Value for Aziz mulk 1st St.,

Aziz mulk 1st St., guideline value

The current guideline value of Aziz mulk 1st St., is Rs 10,400 per sq.ft, as per the 2024 revision 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 1st St., has changed

The guideline value for Aziz mulk 1st 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 rise of 280%. However, from 2012 to 2017, the value decreased to Rs 6,365 per sq.ft, a drop of 33%. The value then rose again to Rs 9,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the value at Rs 10,400 per sq.ft, which is a 9% increase from the previous year.

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

Guideline values in Nungambakkam

Nungambakkam has a total of 270 streets under the Chennai Central Joint II SRO, with guideline values ranging from Rs 3,300 to Rs 22,000 per sq.ft as of 2024. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Aziz mulk 1st St., above this median.

• Aziz Mulk 2nd St: Rs 10,400 per sq.ft (2024)
• Aziz Mulk 3nd St: Rs 10,400 per sq.ft (2024)
• Aziz Mulk 4th St: Rs 10,400 per sq.ft (2024)
• Aziz Mulk 5th St: Rs 10,400 per sq.ft (2024)
• Aziz Mulk 6th St: Rs 10,400 per sq.ft (2024)
• Aziz Mulk 7th St: Rs 10,400 per sq.ft (2024)

Stamp duty and registration fee for property in Aziz mulk 1st 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 fees 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.

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

Which Sub Registrar Office covers Aziz mulk 1st St.,?

The Aziz mulk 1st 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 further assistance.

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

The guideline value plays a crucial role in the registration process of property transactions in Nungambakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are essential costs in any property transaction.

When buying or selling property, the guideline value is considered to ensure that the transaction is registered at a fair value. It is important for buyers and sellers to be aware of the current guideline value to accurately calculate their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Aziz mulk 1st St.,?

The current guideline value of Aziz mulk 1st St., is Rs 10,400 per sq.ft, as per the 2024 revision 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 are the stamp duty and registration fees for properties in Aziz mulk 1st St.,?

For a property of 1,000 sq.ft, the stamp duty would be Rs 7,28,000 and the registration fee would be Rs 2,08,000, totaling Rs 9,36,000 based on the current guideline value.

Which Sub Registrar Office covers Aziz mulk 1st St.,?

The Sub Registrar Office that covers Aziz mulk 1st St., is the Chennai Central Joint II SRO, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

What is the land classification for Aziz mulk 1st St.,?

The land classification for Aziz mulk 1st St., is Commercial Class I Type - I, indicating its commercial use within the area.