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Guideline Value

Corporate

Guideline Value for College Road (Part II) (Haddows Road to Greems Road Junction)

₹13200/sq.ft.

The guideline value for College Road (part Ii) (haddows Road To Greems Road Junction) 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 Ii) (haddows Road To Greems Road Junction)

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College Road (Part II) (Haddows Road to Greems Road Junction) guideline value

The current guideline value for College Road (Part II) (Haddows Road to Greems Road Junction) is Rs 13,200 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 Special Type - III.

How the guideline value of College Road (Part II) (Haddows Road to Greems Road Junction) has changed

The guideline value for College Road (Part II) has seen significant changes over the years. In the 2007 revision, the value was Rs 4,700 per sq.ft. This increased to Rs 12,000 per sq.ft in the 2012 revision, marking a rise of 155%. However, in the 2017 revision, the value dropped to Rs 8,040 per sq.ft, a decrease of 33%. The value then rose sharply to Rs 12,000 per sq.ft in the 2023 revision, followed by another increase to Rs 13,200 per sq.ft in the 2024 revision, which is a 10% increase from the previous year.

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

Guideline values in Nungambakkam

Nungambakkam village has a range of guideline values for its streets, with 270 streets under the Chennai Central Joint II SRO carrying a 2024 figure ranging from Rs 3,300 to Rs 22,000 per sq.ft. The median value for these streets is Rs 8,800 per sq.ft, placing College Road (Part II) above this median with its current value of Rs 13,200 per sq.ft.

Stamp duty and registration fee for property in College Road (Part II) (Haddows Road to Greems Road Junction)

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value would be Rs 1,32,00,000. The stamp duty at 7% would amount to 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 also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers College Road (Part II) (Haddows Road to Greems Road Junction)?

The Sub Registrar Office that covers College Road (Part II) 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 serves as a benchmark for property transactions in Nungambakkam. When buying or selling property, the guideline value is used to calculate stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value, as it can affect the overall cost of the transaction. Understanding this value helps in making informed decisions during the buying or selling process.

Frequently asked questions

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

The current guideline value of College Road (Part II) (Haddows Road to Greems Road Junction) 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 significantly, from Rs 4,700 per sq.ft in 2007 to Rs 13,200 per sq.ft in 2024, marking an overall increase of 181%.

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

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

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

The Sub Registrar Office for College Road (Part II) is 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 at the current rate, the total stamp duty would be Rs 9,24,000.