Guideline Value for Haddows Road

Haddows Road guideline value

The current guideline value of Haddows Road in Nungambakkam village is Rs 11,500 per sq.ft, effective from 1 July 2024. This street falls under the Chennai Central Joint II SRO and is classified as Commercial Special Type - V.

How the guideline value of Haddows Road has changed

The guideline value for Haddows Road has seen significant changes over the years. In the 2007 revision, the value was Rs 4,700 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012, marking a rise of 123%. However, it dropped to Rs 7,035 per sq.ft in 2017, a decrease of 33%. The value then surged to Rs 10,500 per sq.ft in 2023, and in the latest 2024 revision, it stands at Rs 11,500 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 145%. It is important to note that 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 guideline value for these streets is Rs 8,800 per sq.ft, placing Haddows Road's 2024 figure above this median.

• Haddows lane: Rs 9,900 per sq.ft (2024)
• Haddows Road 1st Street: Rs 9,900 per sq.ft (2024)
• Haddows Road 2nd Street: 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

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, calculated at 7%, would be Rs 8,05,000, while 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 guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Haddows Road?

The Sub Registrar Office that covers Haddows Road 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 minimum value at which a property can be registered, ensuring that the transaction is transparent and legally compliant.

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

Frequently asked questions

What is the current guideline value of Haddows Road?

The current guideline value of Haddows Road 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 from Rs 4,700 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, reflecting an overall increase of 145%.

What is the land classification of Haddows Road?

Haddows Road is classified as Commercial Special Type - V under the Chennai Central Joint II SRO.

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

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