Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Dr.Thirumurthy Nagar 2nd St

₹9300/sq.ft.

The guideline value for Dr.thirumurthy Nagar 2nd St in Nungambakkam village (Chennai Central Joint Ii SRO, Chennai zone) is Rs 9300 per sq.ft, effective 1 July 2024. It was Rs 8500 per sq.ft from 1 April 2023, a 9% change. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nungambakkam

Village

Chennai Central Joint II

SRO

Commercial Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹9300 /sq.ft.
From 1-4-2023 ₹8500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5695 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8500 /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 Dr.thirumurthy Nagar 2nd St

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Dr.Thirumurthy Nagar 2nd St guideline value

The current guideline value for Dr.Thirumurthy Nagar 2nd St is Rs 9,300 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 Class I Type - III.

How the guideline value of Dr.Thirumurthy Nagar 2nd St has changed

The guideline value for Dr.Thirumurthy Nagar 2nd St has seen several revisions over the years. In 2007, the value was Rs 3,000 per sq.ft, which increased significantly to Rs 8,500 per sq.ft in 2012, marking a 183% rise. However, this value saw a decline of 33% to Rs 5,695 per sq.ft in 2017. The next revision in 2023 brought the value back up to Rs 8,500 per sq.ft, and the most recent revision in 2024 set the current value at Rs 9,300 per sq.ft, reflecting a 9% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 210%. 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 carrying 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 Dr.Thirumurthy Nagar 2nd St is above this median.

Stamp duty and registration fee for property in Dr.Thirumurthy Nagar 2nd St

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 93,00,000. The stamp duty at 7% would be Rs 6,51,000, and the registration fee at 2% would be Rs 1,86,000, totaling Rs 8,37,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Dr.Thirumurthy Nagar 2nd St?

Dr.Thirumurthy Nagar 2nd St is covered by 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 an important factor when registering property transactions in Nungambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations during the transaction process.

When a property is sold, the guideline value helps in calculating the total costs involved in the registration process. It is essential for both parties to understand that the charges are based on the guideline value or the sale price, whichever is higher, to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value for Dr.Thirumurthy Nagar 2nd St?

The current guideline value for Dr.Thirumurthy Nagar 2nd St is Rs 9,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 3,000 per sq.ft in 2007, increasing to Rs 8,500 in 2012, then decreasing to Rs 5,695 in 2017, and rising again to Rs 8,500 in 2023 before reaching Rs 9,300 in 2024.

What is the land classification for Dr.Thirumurthy Nagar 2nd St?

The land classification for Dr.Thirumurthy Nagar 2nd St is Commercial Class I Type - III.

What is the stamp duty for property in Dr.Thirumurthy Nagar 2nd St?

The stamp duty for property in Dr.Thirumurthy Nagar 2nd St is calculated at 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers this area?

The Chennai Central Joint II Sub Registrar Office covers Dr.Thirumurthy Nagar 2nd St, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.