Guideline Value

Corporate

Guideline Value for Dr.Thirumurthy Nagar Main Road

₹16500/sq.ft.

The guideline value for Dr.thirumurthy Nagar Main Road in Nungambakkam village (Chennai Central Joint Ii SRO, Chennai zone) is Rs 16500 per sq.ft, effective 1 July 2024. It was Rs 15000 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nungambakkam

Village

Chennai Central Joint II

SRO

Mixed Type - I
History
Period Guideline Value
From 1-7-2024 ₹16500 /sq.ft.
From 1-4-2023 ₹15000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹10050 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹15000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹3500 /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 Main Road

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Dr.Thirumurthy Nagar Main Road guideline value

The current guideline value of Dr.Thirumurthy Nagar Main Road is Rs 16,500 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 Mixed Type - I.

How the guideline value of Dr.Thirumurthy Nagar Main Road has changed

The guideline value for Dr.Thirumurthy Nagar Main Road has seen several revisions over the years. The 2007 revision set the value at Rs 3,500 per sq.ft, which increased significantly to Rs 15,000 per sq.ft in the 2012 revision, marking a rise of 329%. However, from 2012 to 2017, the value decreased to Rs 10,050 per sq.ft, a drop of 33%. The value then rose to Rs 15,000 per sq.ft in the 2023 revision, representing a 49% increase.

The most recent revision in 2024 set the guideline value at Rs 16,500 per sq.ft, reflecting a 10% increase from the previous year. There are no figures available for the revisions in 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. The median guideline value for these streets is Rs 8,800 per sq.ft, placing Dr.Thirumurthy Nagar Main Road's 2024 figure above this median.

Stamp duty and registration fee for property in Dr.Thirumurthy Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 16,500 per sq.ft, the total guideline value amounts to Rs 1,65,00,000. The stamp duty at 7% would be Rs 11,55,000, and the registration fee at 2% would be Rs 3,30,000, bringing the total fees to Rs 14,85,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Dr.Thirumurthy Nagar Main Road?

The Sub Registrar Office that covers Dr.Thirumurthy Nagar Main Road 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 further assistance.

How the guideline value is used when you buy or sell in Nungambakkam

The guideline value plays a crucial role in the registration process when buying or selling property in Nungambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with local regulations during transactions.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. These fees are calculated based on the higher of the guideline value or the sale price, ensuring that all parties adhere to the legal requirements for property transactions.

Frequently asked questions

What is the current guideline value of Dr.Thirumurthy Nagar Main Road?

The current guideline value of Dr.Thirumurthy Nagar Main Road is Rs 16,500 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 3,500 per sq.ft in 2007 to Rs 16,500 per sq.ft in 2024, reflecting an overall increase of 371% over the years.

What is the land classification for Dr.Thirumurthy Nagar Main Road?

The land classification for Dr.Thirumurthy Nagar Main Road is Mixed Type - I, indicating a diverse use of land in the area.

What is the median guideline value in Nungambakkam?

The median guideline value for streets in Nungambakkam under the Chennai Central Joint II SRO is Rs 8,800 per sq.ft, with Dr.Thirumurthy Nagar Main Road's value being above this median.

Where can I find the Sub Registrar Office for Dr.Thirumurthy Nagar Main Road?

The Sub Registrar Office for Dr.Thirumurthy Nagar Main Road is located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.