Guideline Value for Haddows Road 1st Street

Haddows Road 1st Street guideline value

The current guideline value of Haddows Road 1st Street is Rs 9,900 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 Class I Type - II.

How the guideline value of Haddows Road 1st Street has changed

The guideline value for Haddows Road 1st Street has seen several revisions over the years. In 2007, the value was Rs 4,700 per sq.ft, which increased to Rs 9,000 per sq.ft in 2012, marking a 91% rise. However, it then decreased to Rs 6,030 per sq.ft in 2017, a drop of 33%. The value rose significantly to Rs 9,000 per sq.ft in 2023, and further increased by 10% to the current rate of Rs 9,900 per sq.ft in 2024.

Overall, from 2007 to 2024, the guideline value has increased by 111%. The revisions for the years 2002 and 2003 do not have figures available 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 is Rs 8,800 per sq.ft, placing Haddows Road 1st Street above this median.

• Haddows Road: Rs 11,500 per sq.ft (2024)
• Haddows Road 2nd Street: Rs 9,900 per sq.ft (2024)
• Haddows lane: Rs 9,900 per sq.ft (2024)
• Gulam Mohammed Mohideen St: Rs 8,800 per sq.ft (2024)
• Gulam Abbas Alikhan Street: Rs 8,800 per sq.ft (2024)
• Gulam Abbas Alikhan 9th Street: Rs 8,800 per sq.ft (2024)

Stamp duty and registration fee for property in Haddows Road 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value would be Rs 99,00,000. The stamp duty at 7% would be Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, totaling Rs 8,91,000. 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 more details.

Which Sub Registrar Office covers Haddows Road 1st Street?

The Sub Registrar Office that covers Haddows Road 1st 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 information.

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

The guideline value is a critical factor in the registration process of property transactions in Nungambakkam. It serves as the basis for calculating the stamp duty and registration fees that must be paid when a property is bought or sold.

When you register a property, the guideline value is compared with the sale price, and the higher of the two is used to determine the applicable duties. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Haddows Road 1st Street?

The current guideline value of Haddows Road 1st Street is Rs 9,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,700 per sq.ft in 2007 to Rs 9,900 per sq.ft in 2024, reflecting an overall increase of 111% over the years.

What is the land classification for Haddows Road 1st Street?

The land classification for Haddows Road 1st Street is Commercial Class I Type - II.

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

For a property valued at Rs 99,00,000, the stamp duty would be Rs 6,93,000 and the registration fee would be Rs 1,98,000, totaling Rs 8,91,000.

Where can I find the Sub Registrar Office for Haddows Road 1st Street?

The Sub Registrar Office for Haddows Road 1st Street is located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.