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Guideline Value

Corporate

Guideline Value for Gulam Abbas Alikhan 8th Street

₹8800/sq.ft.

The guideline value for Gulam Abbas Alikhan 8th 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 8th Street

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Gulam Abbas Alikhan 8th Street guideline value

The current guideline value of Gulam Abbas Alikhan 8th Street is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Nungambakkam village under the Chennai Central Joint II SRO, classified as Residential Special Type - II.

How the guideline value of Gulam Abbas Alikhan 8th Street has changed

The guideline value for Gulam Abbas Alikhan 8th Street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the value was Rs 2,000 per sq.ft. This increased significantly to Rs 8,000 per sq.ft in 2012, marking a 300% rise. However, it then dropped to Rs 5,360 per sq.ft in 2017, reflecting a decrease of 33%. The value continued to rise, reaching Rs 8,000 per sq.ft in 2023, and then increased by 10% to the current figure of Rs 8,800 per sq.ft in 2024.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the guideline value has risen by 340%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Nungambakkam

In Nungambakkam, there are 270 streets under the Chennai Central Joint II SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 22,000 per sq.ft. The median value is Rs 8,800 per sq.ft, which is equal to the guideline value of Gulam Abbas Alikhan 8th Street.

Stamp duty and registration fee for property in Gulam Abbas Alikhan 8th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value is 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, making the total fees Rs 7,92,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further calculations.

Which Sub Registrar Office covers Gulam Abbas Alikhan 8th Street?

The Gulam Abbas Alikhan 8th Street falls under 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 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, ensuring that the transaction is recorded accurately and transparently.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. Buyers must be aware that these fees are based on the higher of the guideline value or the actual sale price, which can impact the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Gulam Abbas Alikhan 8th Street?

The current guideline value of Gulam Abbas Alikhan 8th 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 seen several revisions, starting from Rs 2,000 per sq.ft in 2007, rising to Rs 8,800 per sq.ft in 2024. This represents an overall increase of 340% from 2007 to 2024.

What is the land classification for Gulam Abbas Alikhan 8th Street?

Gulam Abbas Alikhan 8th Street is classified as Residential Special Type - II under the Chennai Central Joint II SRO.

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 Sub Registrar Office covers this street?

The Chennai Central Joint II Sub Registrar Office covers Gulam Abbas Alikhan 8th Street, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.