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Guideline Value

Corporate

Guideline Value for Cochin House (Polic Quarters)

₹7700/sq.ft.

The guideline value for Cochin House (polic Quarters) in Nungambakkam village (Chennai Central Joint Ii SRO, Chennai zone) is Rs 7700 per sq.ft, effective 1 July 2024. It was Rs 7000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nungambakkam

Village

Chennai Central Joint II

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹7700 /sq.ft.
From 1-4-2023 ₹7000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4690 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹7000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹3000 /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 Cochin House (polic Quarters)

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Cochin House (Polic Quarters) guideline value

The current guideline value of Cochin House (Polic Quarters) is Rs 7,700 per sq.ft, effective from 1 July 2024. This property is located in Nungambakkam village, under the Chennai Central Joint II SRO, and is classified as Residential Class I Type - I.

How the guideline value of Cochin House (Polic Quarters) has changed

The guideline value for Cochin House (Polic Quarters) has undergone several revisions over the years. Starting from the 2007 revision, the value was Rs 3,000 per sq.ft. It increased significantly to Rs 7,000 per sq.ft in 2012, marking a 133% rise. However, it then decreased to Rs 4,690 per sq.ft in 2017, reflecting a reduction of 33%. Following this, the value surged to Rs 7,000 per sq.ft in 2023, and finally reached Rs 7,700 per sq.ft in the 2024 revision, indicating a 10% increase from the previous year.

Between the 2017 and 2023 revisions, the guideline value saw a substantial increase of 49%. Overall, from 2007 to 2024, the value has increased by 157%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nungambakkam

Nungambakkam village has a range of guideline values across its 270 streets under the Chennai Central Joint II SRO, with the 2024 figures varying from Rs 3,300 to Rs 22,000 per sq.ft. The median value is Rs 8,800 per sq.ft, placing Cochin House (Polic Quarters) below this median.

Stamp duty and registration fee for property in Cochin House (Polic Quarters)

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, while the registration fee at 2% would be Rs 1,54,000, totaling Rs 6,93,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Cochin House (Polic Quarters)?

The Sub Registrar Office that covers Cochin House (Polic Quarters) is the Chennai Central Joint II Sub Registrar Office, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018. To find your SRO, click here.

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

The guideline value plays a crucial role during the registration process of property transactions in Nungambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring transparency and standardization in property dealings.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. This ensures that both parties are aware of the financial implications of the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Cochin House (Polic Quarters)?

The current guideline value of Cochin House (Polic Quarters) is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2007 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of 157% over the years.

What is the stamp duty for property in Cochin House (Polic Quarters)?

The stamp duty for a property valued at Rs 77,00,000 is calculated at 7%, amounting to Rs 5,39,000.

Where can I find the Sub Registrar Office for Cochin House (Polic Quarters)?

The Sub Registrar Office for Cochin House (Polic Quarters) is located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

What is the land classification for Cochin House (Polic Quarters)?

Cochin House (Polic Quarters) is classified as Residential Class I Type - I, indicating its designation for residential use.