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Guideline Value

Corporate

Guideline Value for Nungambakkam High Road (or) Uthamar Gandhi Road

₹22000/sq.ft.

The guideline value for Nungambakkam High Road (or) Uthamar Gandhi Road in Nungambakkam village (Chennai Central Joint Ii SRO, Chennai zone) is Rs 22000 per sq.ft, effective 1 July 2024. It was Rs 20000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nungambakkam

Village

Chennai Central Joint II

SRO

Commercial Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹22000 /sq.ft.
From 1-4-2023 ₹20000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹13400 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹20000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹19305 /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 Nungambakkam High Road (or) Uthamar Gandhi Road

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Nungambakkam High Road (or) Uthamar Gandhi Road guideline value

The current guideline value of Nungambakkam High Road (or) Uthamar Gandhi Road is Rs 22,000 per sq.ft, effective from 1 July 2024. This street is located in Nungambakkam village under the Chennai Central Joint II SRO, and it is classified as Commercial Special Type - I.

How the guideline value of Nungambakkam High Road (or) Uthamar Gandhi Road has changed

The guideline value for Nungambakkam High Road (or) Uthamar Gandhi Road has seen several revisions over the years. In 2007, the value was Rs 19,305 per sq.ft, which increased to Rs 20,000 per sq.ft in 2012. However, it then decreased to Rs 13,400 per sq.ft in 2017. The value saw a significant increase to Rs 20,000 per sq.ft in 2023, and the most recent revision in 2024 has set it at Rs 22,000 per sq.ft. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49%, followed by a 10% increase from 2023 to 2024. The value decreased by 33% from 2012 to 2017, and there was a slight increase of 4% from 2007 to 2012. Overall, from 2007 to 2024, the guideline value has increased by 14%.

Guideline values in Nungambakkam

In Nungambakkam village, there are 270 streets under the Chennai Central Joint II SRO that carry 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 Nungambakkam High Road (or) Uthamar Gandhi Road above this median.

Stamp duty and registration fee for property in Nungambakkam High Road (or) Uthamar Gandhi Road

For a 1,000 sq.ft plot at the current rate of Rs 22,000 per sq.ft, the guideline value amounts to Rs 2,20,00,000. The stamp duty at 7% would be Rs 15,40,000, and the registration fee at 2% would be Rs 4,40,000, leading to a total of Rs 19,80,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nungambakkam High Road (or) Uthamar Gandhi Road?

The Nungambakkam High Road (or) Uthamar Gandhi Road is covered by 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 during the registration of property transactions in Nungambakkam. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, the guideline value is assessed to determine the applicable charges. It is essential to be aware of the current guideline value to ensure compliance with local regulations and to understand the financial implications of the transaction.

Frequently asked questions

What is the current guideline value for Nungambakkam High Road?

The current guideline value for Nungambakkam High Road (or) Uthamar Gandhi Road is Rs 22,000 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, with a notable increase of 49% from 2017 to 2023 and a further increase of 10% from 2023 to 2024. Overall, from 2007 to 2024, it has increased by 14%.

What is the classification of Nungambakkam High Road?

Nungambakkam High Road (or) Uthamar Gandhi Road is classified as Commercial Special Type - I under the Chennai Central Joint II SRO.

Where can I find the Sub Registrar Office for Nungambakkam High Road?

The Sub Registrar Office covering Nungambakkam High Road is located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

How is the stamp duty calculated for properties in Nungambakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,20,00,000, the stamp duty at 7% would amount to Rs 15,40,000.