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Guideline Value

Corporate

Guideline Value for Nungambakkam High Road 4th Street

₹9900/sq.ft.

The guideline value for Nungambakkam High Road 4th Street in Nungambakkam village (Chennai Central Joint Ii SRO, Chennai zone) is Rs 9900 per sq.ft, effective 1 July 2024. It was Rs 9000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nungambakkam

Village

Chennai Central Joint II

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹9900 /sq.ft.
From 1-4-2023 ₹9000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6030 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹9000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹4200 /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 4th Street

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Nungambakkam High Road 4th Street guideline value

The current guideline value for Nungambakkam High Road 4th Street is Rs 9,900 per sq.ft, effective from 1 July 2024. This street is located in Nungambakkam village, under the Chennai Central Joint II SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Nungambakkam High Road 4th Street has changed

The guideline value for Nungambakkam High Road 4th Street has undergone several revisions over the years. The earliest recorded figure is from 2007, when it was Rs 4,200 per sq.ft. This increased to Rs 9,000 per sq.ft in 2012, which was a rise of 114%. However, it then decreased to Rs 6,030 per sq.ft in 2017, marking a decline of 33%. The value saw a significant increase to Rs 9,000 per sq.ft in 2023, which was a 49% rise. The most recent revision in 2024 set the guideline value at Rs 9,900 per sq.ft, reflecting a 10% increase from the previous year.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 136%.

Guideline values in Nungambakkam

In Nungambakkam, 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 value for these streets is Rs 8,800 per sq.ft, placing Nungambakkam High Road 4th Street above this median.

Stamp duty and registration fee for property in Nungambakkam High Road 4th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value amounts to 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, bringing the total to Rs 8,91,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Nungambakkam High Road 4th Street?

The Nungambakkam High Road 4th Street falls under the Chennai Central Joint II Sub Registrar Office. The address is 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 of property transactions in Nungambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property.

When a property is registered, the guideline value is taken into account to ensure that the transaction is recorded at a fair value, which is essential for legal and taxation purposes.

Frequently asked questions

What is the current guideline value of Nungambakkam High Road 4th Street?

The current guideline value for Nungambakkam High Road 4th 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 increased from Rs 4,200 per sq.ft in 2007 to Rs 9,900 per sq.ft in 2024, showing an overall increase of 136% over this period.

What is the land classification for Nungambakkam High Road 4th Street?

Nungambakkam High Road 4th Street is classified as Commercial Class I Type - II.

Where can I find the registration office for this street?

The registration office for Nungambakkam High Road 4th Street is the Chennai Central Joint II Sub Registrar Office, located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.

What is the significance of the guideline value in property transactions?

The guideline value is used to determine the stamp duty and registration fees when buying or selling property. It ensures that the property transaction is recorded at a fair value for legal and taxation purposes.