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Guideline Value

Corporate

Guideline Value for Scheme Road (70 Feet)

₹11500/sq.ft.

The guideline value for Scheme Road (70 Feet) in Nungambakkam village (Chennai Central Joint Ii SRO, Chennai zone) is Rs 11500 per sq.ft, effective 1 July 2024. It was Rs 10500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Special Type - V. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Nungambakkam

Village

Chennai Central Joint II

SRO

Commercial Special Type - V
History
Period Guideline Value
From 1-7-2024 ₹11500 /sq.ft.
From 1-4-2023 ₹10500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹7035 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹10500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹5180 /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 Scheme Road (70 Feet)

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Scheme Road (70 Feet) guideline value

The current guideline value of Scheme Road (70 Feet) is Rs 11,500 per sq.ft, effective from 1 July 2024. This street is located in Nungambakkam village, under the Chennai Central Joint II SRO, with a land classification of Commercial Special Type - V.

How the guideline value of Scheme Road (70 Feet) has changed

The guideline value for Scheme Road (70 Feet) has seen several revisions over the years. In the 2007 revision, the value was Rs 5,180 per sq.ft, which increased to Rs 10,500 per sq.ft in 2012, marking a significant rise of 103%. However, this value dropped to Rs 7,035 per sq.ft in the 2017 revision, a decrease of 33%. The value then surged to Rs 10,500 per sq.ft in 2023, followed by a further increase to Rs 11,500 per sq.ft in the 2024 revision, reflecting a 10% rise.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 122%. It is important to note that there are no figures available for the years 2002 and 2003 for this street in the register.

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, making the current value of Scheme Road (70 Feet) above that median.

Stamp duty and registration fee for property in Scheme Road (70 Feet)

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 at 7% would be Rs 8,05,000, and the registration fee at 2% would be Rs 2,30,000, bringing the total fees to Rs 10,35,000. Please note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Scheme Road (70 Feet)?

The Sub Registrar Office covering Scheme Road (70 Feet) 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 further assistance.

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 is used to determine the stamp duty and registration fees that must be paid at the time of registration.

When a property is sold, the guideline value serves as a benchmark for calculating the fees, ensuring that the transaction is recorded accurately and in accordance with government regulations.

Frequently asked questions

What is the current guideline value of Scheme Road (70 Feet)?

The current guideline value of Scheme Road (70 Feet) 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 significantly from Rs 5,180 per sq.ft in 2007 to Rs 11,500 per sq.ft in 2024, reflecting an overall increase of 122% over the years.

What are the other streets in Nungambakkam with their guideline values?

Other streets in Nungambakkam include Scheme Road (40 Feet) at Rs 8,800 per sq.ft, School Lane and School Road at Rs 7,100 per sq.ft, and Seetha Nagar 1st, 2nd, and 3rd Streets at Rs 6,600 per sq.ft.

What are the stamp duty and registration fees for properties on Scheme Road (70 Feet)?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft property, the total fees would amount to Rs 10,35,000.

Where can I find the Sub Registrar Office for Scheme Road (70 Feet)?

The Sub Registrar Office for Scheme Road (70 Feet) is located at No:5/9, Kavigar Bharathidasan Salai, Seethamalcolony, Crescent Street, Alwarpet, Chennai -600018.