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Guideline Value

Corporate

Guideline Value for College Road (Part I) (Valluvarkottam High Road to Haddows Road)

₹13200/sq.ft.

The guideline value for College Road (part I) (valluvarkottam High Road To Haddows Road) in Nungambakkam village (Chennai Central Joint Ii SRO, Chennai zone) is Rs 13200 per sq.ft, effective 1 July 2024. It was Rs 12000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nungambakkam

Village

Chennai Central Joint II

SRO

Commercial Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹13200 /sq.ft.
From 1-4-2023 ₹12000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹8040 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹12000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹4700 /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 College Road (part I) (valluvarkottam High Road To Haddows Road)

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College Road (Part I) (Valluvarkottam High Road to Haddows Road) guideline value

The current guideline value of College Road (Part I) (Valluvarkottam High Road to Haddows Road) is Rs 13,200 per sq.ft, effective from 1 July 2024. This road is located in Nungambakkam village and falls under the Chennai Central Joint II SRO. The land classification for this area is Commercial Special Type - III.

How the guideline value of College Road (Part I) (Valluvarkottam High Road to Haddows Road) has changed

The guideline value for College Road (Part I) has seen several revisions over the years. In 2007, the guideline value was Rs 4,700 per sq.ft. This increased significantly to Rs 12,000 per sq.ft in 2012, marking a rise of 155%. However, it then decreased to Rs 8,040 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 12,000 per sq.ft in 2023, and most recently, it has increased to Rs 13,200 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 181%. It is important to note that the register has no figures for this street for the years 2002 and 2003.

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 value is Rs 8,800 per sq.ft, and the 2024 guideline value for College Road (Part I) is above this median.

Stamp duty and registration fee for property in College Road (Part I) (Valluvarkottam High Road to Haddows Road)

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 1,32,00,000. The stamp duty at 7% would be Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, totaling Rs 11,88,000. 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 College Road (Part I) (Valluvarkottam High Road to Haddows Road)?

The Sub Registrar Office that covers College Road (Part I) 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 when registering property transactions in Nungambakkam. It determines the minimum value at which a property can be registered, ensuring that appropriate stamp duty and registration fees are applied based on this value.

When buying or selling property, both the buyer and seller must consider the guideline value as it impacts the financial aspects of the transaction, including the costs associated with registration and stamp duty.

Frequently asked questions

What is the current guideline value of College Road (Part I)?

The current guideline value of College Road (Part I) (Valluvarkottam High Road to Haddows Road) is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,700 per sq.ft in 2007 to Rs 13,200 per sq.ft in 2024, marking an overall increase of 181% over the years.

What is the land classification for College Road (Part I)?

The land classification for College Road (Part I) is Commercial Special Type - III, indicating its designated use for commercial activities.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for College Road (Part I) is the Chennai Central Joint II Sub Registrar Office, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street Alwarpet, Chennai -600018.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot valued at Rs 1,32,00,000, the total stamp duty and registration fee would amount to Rs 11,88,000.