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Guideline Value

Corporate

Guideline Value for Dr.Thirumurthy Nagar 6th Street

₹9300/sq.ft.

The guideline value for Dr.thirumurthy Nagar 6th 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 6th Street

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Dr.Thirumurthy Nagar 6th Street guideline value

The current guideline value of Dr.Thirumurthy Nagar 6th Street is Rs 9,300 per sq.ft, effective from 1 July 2024. This street is located in Nungambakkam village, under the Chennai Central Joint II SRO, and is classified as Commercial Class I Type - III.

How the guideline value of Dr.Thirumurthy Nagar 6th Street has changed

The guideline value for Dr.Thirumurthy Nagar 6th Street has undergone several revisions over the years. In 2007, the guideline value was Rs 3,000 per sq.ft, which increased significantly to Rs 8,500 per sq.ft in 2012. However, it then decreased to Rs 5,695 per sq.ft in 2017. The value saw a substantial increase to Rs 8,500 per sq.ft in 2023, and currently stands at Rs 9,300 per sq.ft as of the 2024 revision. The register has no figure for this street for the years 2002 and 2003.

Between the revisions, the changes were as follows: from 2007 to 2012, there was an increase of 183%; from 2012 to 2017, a decrease of 33%; from 2017 to 2023, an increase of 49%; and from 2023 to 2024, an increase of 9%. 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. Dr.Thirumurthy Nagar 6th Street's 2024 figure is above this median.

Stamp duty and registration fee for property in Dr.Thirumurthy Nagar 6th Street

For a 1,000 sq.ft plot at the current rate, the 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, totaling Rs 8,37,000. 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 Dr.Thirumurthy Nagar 6th Street?

The Sub Registrar Office that covers Dr.Thirumurthy Nagar 6th Street is the Chennai Central Joint II Sub Registrar Office. The address is 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 essential factor in property transactions in Nungambakkam, as it determines the minimum value at which properties can be registered. Buyers and sellers must be aware of the guideline value to ensure that they are complying with the registration requirements set by the authorities.

When a property is sold, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Dr.Thirumurthy Nagar 6th Street?

The current guideline value of Dr.Thirumurthy Nagar 6th 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 this period.

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 Dr.Thirumurthy Nagar 6th Street?

The Chennai Central Joint II Sub Registrar Office covers Dr.Thirumurthy Nagar 6th Street, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

What is the land classification of Dr.Thirumurthy Nagar 6th Street?

Dr.Thirumurthy Nagar 6th Street is classified as Commercial Class I Type - III, indicating its suitability for commercial activities.