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Guideline Value

Corporate

Guideline Value for Dr.Thirumurthy Nagar 5th Street

₹9300/sq.ft.

The guideline value for Dr.thirumurthy Nagar 5th 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 5th Street

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Dr.Thirumurthy Nagar 5th Street guideline value

The current guideline value of Dr.Thirumurthy Nagar 5th 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. The land classification for this area is Commercial Class I Type - III.

How the guideline value of Dr.Thirumurthy Nagar 5th Street has changed

The guideline value for Dr.Thirumurthy Nagar 5th Street has seen several revisions over the years. In 2007, the value was Rs 3,000 per sq.ft, which increased to Rs 8,500 per sq.ft in 2012. However, there was a decrease to Rs 5,695 per sq.ft in 2017. The value then rose significantly to Rs 8,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 9,300 per sq.ft. The changes between these revisions include a 183% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 9% increase from 2023 to 2024.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 210%.

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 of Dr.Thirumurthy Nagar 5th Street is above this median.

Stamp duty and registration fee for property in Dr.Thirumurthy Nagar 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,300 per sq.ft, the total guideline value would be Rs 93,00,000. The stamp duty, charged at 7%, would amount to Rs 6,51,000, and the registration fee at 2% would be Rs 1,86,000. Together, the total cost for stamp duty and registration would be 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 further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr.Thirumurthy Nagar 5th Street?

Dr.Thirumurthy Nagar 5th Street 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 plays a crucial role during the registration process of property transactions in Nungambakkam. It is used to determine the stamp duty and registration fees that buyers must pay, ensuring that these costs are based on the officially recognized value of the property.

When selling a property, the guideline value serves as a benchmark for the minimum value at which the property can be registered. This helps maintain transparency and fairness in property transactions within the region.

Frequently asked questions

What is the current guideline value of Dr.Thirumurthy Nagar 5th Street?

The current guideline value of Dr.Thirumurthy Nagar 5th 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 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 the years.

What is the land classification for Dr.Thirumurthy Nagar 5th Street?

The land classification for Dr.Thirumurthy Nagar 5th Street is Commercial Class I Type - III.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 93,00,000, the stamp duty would be Rs 6,51,000 and the registration fee would be Rs 1,86,000, totaling Rs 8,37,000.

Which Sub Registrar Office covers this street?

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