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Guideline Value

Corporate

Guideline Value for Greams Road (Murugesan Naicker Complex)

₹11500/sq.ft.

The guideline value for Greams Road (murugesan Naicker Complex) in Nungambakkam village (Chennai Central Joint Ii SRO, Chennai zone) is Rs 11500 per sq.ft, effective 1 July 2024. It was Rs 10500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - V. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nungambakkam

Village

Chennai Central Joint II

SRO

Commercial Special Type - V
History
Period Guideline Value
From 1-7-2024 ₹11500 /sq.ft.
From 1-4-2023 ₹10500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹7035 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹10500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹4700 /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 Greams Road (murugesan Naicker Complex)

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Greams Road (Murugesan Naicker Complex) guideline value

The current guideline value of Greams Road (Murugesan Naicker Complex) is Rs 11,500 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 Commercial Special Type - V.

How the guideline value of Greams Road (Murugesan Naicker Complex) has changed

The guideline value for Greams Road has undergone several revisions over the years. In 2007, the value was Rs 4,700 per sq.ft, which increased significantly to Rs 10,500 per sq.ft in 2012, marking a rise of 123%. However, it then decreased to Rs 7,035 per sq.ft in 2017, a drop of 33%. The value saw a substantial increase to Rs 10,500 per sq.ft in 2023, followed by another rise to Rs 11,500 per sq.ft in 2024, reflecting a 10% increase.

Overall, from 2007 to 2024, the guideline value has increased by 145%. The revisions for the years 2002 and 2003 do not have any figures recorded for this street.

Guideline values in Nungambakkam

Nungambakkam village has a total of 270 streets under the Chennai Central Joint II SRO with 2024 guideline values ranging from Rs 3,300 to Rs 22,000 per sq.ft. The median value among these streets is Rs 8,800 per sq.ft, placing Greams Road (Murugesan Naicker Complex) above this median.

Stamp duty and registration fee for property in Greams Road (Murugesan Naicker Complex)

For a 1,000 sq.ft plot at the current guideline value of Rs 11,500 per sq.ft, the total guideline value amounts to Rs 1,15,00,000. The stamp duty at 7% would be Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, bringing the total to Rs 10,35,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Greams Road (Murugesan Naicker Complex)?

The Sub Registrar Office that covers Greams Road (Murugesan Naicker Complex) 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 when buying or selling property in Nungambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two values is used to calculate the stamp duty. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Greams Road?

The current guideline value of Greams Road (Murugesan Naicker Complex) is Rs 11,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with significant increases from Rs 4,700 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, marking an overall increase of 145%.

What are the other streets with guideline values in Nungambakkam?

Other streets in Nungambakkam include Greems Lane at Rs 11,500 per sq.ft, Grama 2nd Lane and Grama 1st Lane at Rs 7,100 per sq.ft, and Gulam Abbas Alikhan 10th and 1st Streets at Rs 8,800 per sq.ft.

What are the stamp duty and registration fees for property in Greams Road?

For a property valued at Rs 1,15,00,000, the stamp duty would be Rs 8,05,000 and the registration fee would be Rs 2,30,000, totaling Rs 10,35,000.

Which office handles registrations for Greams Road?

The Chennai Central Joint II Sub Registrar Office handles registrations for Greams Road (Murugesan Naicker Complex), located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.