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Guideline Value

Corporate

Guideline Value for Gulam Abbas Alikhan 10th Street

₹8800/sq.ft.

The guideline value for Gulam Abbas Alikhan 10th Street in Nungambakkam village (Chennai Central Joint Ii SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nungambakkam

Village

Chennai Central Joint II

SRO

Residential Special Type - II
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5360 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2000 /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 Gulam Abbas Alikhan 10th Street

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Gulam Abbas Alikhan 10th Street guideline value

The current guideline value for Gulam Abbas Alikhan 10th Street is Rs 8,800 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 Residential Special Type - II.

How the guideline value of Gulam Abbas Alikhan 10th Street has changed

The guideline value for Gulam Abbas Alikhan 10th Street has seen significant changes over the years. In the 2007 revision, the value was Rs 2,000 per sq.ft, which increased dramatically to Rs 8,000 per sq.ft in 2012, marking a 300% rise. However, it then decreased to Rs 5,360 per sq.ft in 2017, a drop of 33%. The value continued to rise to Rs 8,000 per sq.ft in 2023, and most recently, it has increased by 10% to Rs 8,800 per sq.ft in the 2024 revision.

There are no figures available for Gulam Abbas Alikhan 10th Street in the 2002 and 2003 revisions. Overall, from 2007 to 2024, the guideline value has increased by 340%.

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, which is equal to the current value of Gulam Abbas Alikhan 10th Street.

Stamp duty and registration fee for property in Gulam Abbas Alikhan 10th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total cost for these fees to Rs 7,92,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Gulam Abbas Alikhan 10th Street?

The Sub Registrar Office covering Gulam Abbas Alikhan 10th 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 details.

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

The guideline value is a crucial factor in property transactions in Nungambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable during the buying or selling process. When a property is registered, the guideline value is used to calculate these fees, ensuring that the transaction is recorded accurately.

Buyers and sellers must be aware that the guideline value can influence the overall cost of the transaction. It is essential to check the latest guideline value before proceeding with any property deal to understand the financial implications involved.

Frequently asked questions

What is the current guideline value of Gulam Abbas Alikhan 10th Street?

The current guideline value of Gulam Abbas Alikhan 10th Street is Rs 8,800 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 2,000 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 340% over this period.

What is the land classification for Gulam Abbas Alikhan 10th Street?

The land classification for Gulam Abbas Alikhan 10th Street is Residential Special Type - II.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Gulam Abbas Alikhan 10th Street is the Chennai Central Joint II Sub Registrar Office, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

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

The stamp duty is charged at 7% of the guideline value, while the registration fee is 2%. For instance, a property valued at Rs 88,00,000 would incur a total fee of Rs 7,92,000.