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Guideline Value

Corporate

Guideline Value for Corporation Hr.Sec.School 1st Road

₹7700/sq.ft.

The guideline value for Corporation Hr.sec.school 1st Road 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 Corporation Hr.sec.school 1st Road

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Corporation Hr.Sec.School 1st Road guideline value

The current guideline value for Corporation Hr.Sec.School 1st Road is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Nungambakkam village, under the Chennai Central Joint II SRO, with a land classification of Residential Class I Type - I.

How the guideline value of Corporation Hr.Sec.School 1st Road has changed

The guideline value for Corporation Hr.Sec.School 1st Road has undergone several revisions over the years. In 2007, the value was Rs 3,000 per sq.ft, which increased significantly to Rs 7,000 per sq.ft in 2012, marking a 133% rise. However, in 2017, it decreased to Rs 4,690 per sq.ft, reflecting a 33% drop. The value then rose again to Rs 7,000 per sq.ft in 2023, and the latest revision in 2024 set it at Rs 7,700 per sq.ft, a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 157%. The register has no figures for the years 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, with a median value of Rs 8,800 per sq.ft. The guideline value for Corporation Hr.Sec.School 1st Road is below this median.

Stamp duty and registration fee for property in Corporation Hr.Sec.School 1st Road

For a 1,000 sq.ft plot at the current guideline value of Rs 7,700 per sq.ft, the total guideline value would be Rs 77,00,000. The stamp duty at 7% would amount to Rs 5,39,000, and 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 Corporation Hr.Sec.School 1st Road?

The Corporation Hr.Sec.School 1st Road 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 is an essential factor in the registration process when buying or selling property in Nungambakkam. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the higher of the guideline value or the sale price.

When a property is registered, the guideline value ensures that the transaction is recorded accurately and that the appropriate taxes are collected. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value for Corporation Hr.Sec.School 1st Road?

The current guideline value for Corporation Hr.Sec.School 1st Road 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 Corporation Hr.Sec.School 1st Road?

The stamp duty for property in Corporation Hr.Sec.School 1st Road is 7% of the guideline value or the sale price, whichever is higher.

Which Sub Registrar Office covers this area?

The Chennai Central Joint II Sub Registrar Office covers Corporation Hr.Sec.School 1st Road, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

What are the other streets in Nungambakkam with guideline values?

Other streets in Nungambakkam include Corporation Hr. Sec.School Main Road at Rs 7,700 per sq.ft, Colony Street (Valluvarkottam) at Rs 6,000 per sq.ft, and College Road (Part I) and (Part II) at Rs 13,200 per sq.ft.