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Guideline Value

Corporate

Guideline Value for Dr.Thirumurthy Nagar 4th Street

₹9300/sq.ft.

The guideline value for Dr.thirumurthy Nagar 4th Street 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 4th Street

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Dr.Thirumurthy Nagar 4th Street guideline value

The current guideline value of Dr.Thirumurthy Nagar 4th Street 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, classified as Commercial Class I Type - III.

How the guideline value of Dr.Thirumurthy Nagar 4th Street has changed

The guideline value for Dr.Thirumurthy Nagar 4th Street 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. However, it then dropped to Rs 5,695 per sq.ft in 2017, marking a decrease of 33%. The value rebounded to Rs 8,500 per sq.ft in 2023, before reaching the current value of Rs 9,300 per sq.ft in 2024, reflecting a rise of 9% 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 with 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, placing Dr.Thirumurthy Nagar 4th Street's 2024 figure above this median.

Stamp duty and registration fee for property in Dr.Thirumurthy Nagar 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,300 per sq.ft, the total guideline value amounts to 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, bringing the total to Rs 8,37,000. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr.Thirumurthy Nagar 4th Street?

The Sub Registrar Office that covers Dr.Thirumurthy Nagar 4th Street 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 in the registration process of property transactions in Nungambakkam. It serves as a benchmark for determining the minimum value at which properties can be registered and is used to calculate the applicable stamp duty and registration fees.

When buying or selling property, it is essential to be aware of the guideline value as it impacts the overall cost of the transaction. Buyers should ensure they are informed about the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Dr.Thirumurthy Nagar 4th Street?

The current guideline value of Dr.Thirumurthy Nagar 4th Street 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 significantly from Rs 3,000 per sq.ft in 2007 to Rs 9,300 per sq.ft in 2024, reflecting an overall increase of 210% over this period.

What are the other streets in Nungambakkam with the same guideline value?

Other streets in Nungambakkam with the same guideline value of Rs 9,300 per sq.ft in 2024 include Dr.Thirumurthy Nagar 1st, 2nd, 3rd, 5th, and 6th Streets.

What is the registration fee for properties in Dr.Thirumurthy Nagar 4th Street?

The registration fee for properties is calculated based on the guideline value, which is currently Rs 9,300 per sq.ft. The registration fee is typically 2% of the total guideline value.

Which office handles the registration for Dr.Thirumurthy Nagar 4th Street?

The registration for Dr.Thirumurthy Nagar 4th Street is handled by the Chennai Central Joint II Sub Registrar Office, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.