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Guideline Value

Corporate

Guideline Value for Khader NawazKhan Road

₹13200/sq.ft.

The guideline value for Khader Nawazkhan Road in Nungambakkam village (Chennai Central Joint Ii SRO, Chennai zone) is Rs 13200 per sq.ft, effective 1 July 2024. It was Rs 12000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nungambakkam

Village

Chennai Central Joint II

SRO

Commercial Special Type - III
History
Period Guideline Value
From 1-7-2024 ₹13200 /sq.ft.
From 1-4-2023 ₹12000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹8040 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹12000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹4700 /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 Khader Nawazkhan Road

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Khader NawazKhan Road guideline value

The current guideline value of Khader NawazKhan Road is Rs 13,200 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 Special Type - III.

How the guideline value of Khader NawazKhan Road has changed

Over the years, the guideline value of Khader NawazKhan Road has seen significant changes. The 2007 revision recorded a value of Rs 4,700 per sq.ft, which increased to Rs 12,000 per sq.ft in the 2012 revision, marking a 155% increase. However, in the 2017 revision, the value dropped to Rs 8,040 per sq.ft, reflecting a decrease of 33%. The value then rose to Rs 12,000 per sq.ft in the 2023 revision, followed by a further increase to Rs 13,200 per sq.ft in the 2024 revision, which is a 10% increase from the previous year. Overall, from 2007 to 2024, the guideline value has increased by 181%.

The register has no figures for the years 2002 and 2003 for this street. The changes between the revisions illustrate the fluctuations in the guideline value over time, with notable increases and decreases in specific periods.

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 guideline value in this area is Rs 8,800 per sq.ft, placing Khader NawazKhan Road's 2024 figure above that median.

Stamp duty and registration fee for property in Khader NawazKhan Road

For a 1,000 sq.ft plot at the current guideline value of Rs 13,200 per sq.ft, the total guideline value would be Rs 1,32,00,000. The stamp duty at 7% would amount to Rs 9,24,000, and the registration fee at 2% would be Rs 2,64,000, bringing the total charges to Rs 11,88,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Khader NawazKhan Road?

The Sub Registrar Office that covers Khader NawazKhan 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 when buying or selling property in Nungambakkam. It is used to determine the stamp duty and registration fees applicable during the transaction. The value ensures that property transactions are recorded accurately and transparently, reflecting the official worth of the property.

When a property is sold, the guideline value serves as a benchmark for the sale price. Buyers and sellers must be aware of these values to ensure compliance with legal requirements and to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Khader NawazKhan Road?

The current guideline value of Khader NawazKhan Road is Rs 13,200 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 4,700 per sq.ft in 2007 to Rs 13,200 per sq.ft in 2024, reflecting an overall increase of 181%.

What is the land classification for Khader NawazKhan Road?

Khader NawazKhan Road is classified as Commercial Special Type - III, indicating its suitability for commercial activities.

Where can I find the Sub Registrar Office for Khader NawazKhan Road?

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

How is the stamp duty calculated for properties in Khader NawazKhan Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 1,32,00,000, the stamp duty would be Rs 9,24,000 at a rate of 7%.