Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Gulam Abbas Alikhan 3rd Street

₹8800/sq.ft.

The guideline value for Gulam Abbas Alikhan 3rd 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 3rd Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Gulam Abbas Alikhan 3rd Street guideline value

The current guideline value of Gulam Abbas Alikhan 3rd 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 3rd Street has changed

Over the years, the guideline value of Gulam Abbas Alikhan 3rd Street has seen significant changes. In the 2007 revision, the guideline value was Rs 2,000 per sq.ft, which increased to Rs 8,000 per sq.ft in 2012, marking a substantial rise of 300%. However, in 2017, the value dropped to Rs 5,360 per sq.ft, representing a decrease of 33%. The value then rose again to Rs 8,000 per sq.ft in the 2023 revision, and further increased to the current rate of Rs 8,800 per sq.ft in 2024, reflecting a 10% increase.

From 2017 to 2023, the increase was 49%. Overall, from the 2007 revision to the current 2024 figure, there has been a remarkable increase of 340%. It is important to note that the register has no figures for this street in the years 2002 and 2003.

Guideline values in Nungambakkam

In Nungambakkam, there are 270 streets under the Chennai Central Joint II SRO, with guideline values ranging from Rs 3,300 to Rs 22,000 per sq.ft. The median guideline value is Rs 8,800 per sq.ft, which is equal to the current value of Gulam Abbas Alikhan 3rd Street.

Stamp duty and registration fee for property in Gulam Abbas Alikhan 3rd 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 is calculated at 7%, which comes to Rs 6,16,000, and the registration fee at 2% amounts to Rs 1,76,000. Together, these fees total Rs 7,92,000. It is important to note that 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 Gulam Abbas Alikhan 3rd Street?

The Sub Registrar Office that covers Gulam Abbas Alikhan 3rd 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 critical factor in the property registration process in Nungambakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees.

It is essential for buyers and sellers to be aware of the guideline value as it directly impacts the overall cost of property transactions. Ensuring that the sale price is in line with the guideline value can help avoid complications during the registration process.

Frequently asked questions

What is the current guideline value of Gulam Abbas Alikhan 3rd Street?

The current guideline value of Gulam Abbas Alikhan 3rd Street is Rs 8,800 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, rising from Rs 2,000 per sq.ft in 2007 to Rs 8,800 per sq.ft in 2024, which is an overall increase of 340%.

What is the land classification for Gulam Abbas Alikhan 3rd Street?

The land classification for Gulam Abbas Alikhan 3rd Street is Residential Special Type - II.

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

For a property valued at Rs 88,00,000, the stamp duty would be Rs 6,16,000 and the registration fee would be Rs 1,76,000, totaling Rs 7,92,000.

Which office handles the registration for Gulam Abbas Alikhan 3rd Street?

The Chennai Central Joint II Sub Registrar Office handles the registration for Gulam Abbas Alikhan 3rd Street, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.