Guideline Value for Adyar Avenue Road

Adyar Avenue Road guideline value

The current guideline value of Adyar Avenue Road is Rs 8,800 per sq.ft, effective from 1 July 2024. This road is located in Kottur village, under the Adayar SRO, and falls under Residential Class I Type - I land classification.

How the guideline value of Adyar Avenue Road has changed

The guideline value for Adyar Avenue Road has seen significant changes over the years. In 2003, the value was Rs 500 per sq.ft, which increased to Rs 4,500 per sq.ft in 2007, marking a substantial increase of 800%. The value then fluctuated, reaching Rs 8,000 per sq.ft in 2012, a decrease of 33% from the previous revision. By 2017, it rose again to Rs 5,360 per sq.ft, and in 2023, it further increased to Rs 8,000 per sq.ft. The most recent revision in 2024 set the value at Rs 8,800 per sq.ft, representing a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 1660%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Kottur

Kottur village has 114 streets under the Adayar SRO, with guideline values for 2024 ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value is Rs 6,100 per sq.ft, placing the guideline value of Adyar Avenue Road above this median.

• Adyar House Road: Rs 8,800 per sq.ft (2024)
• Angalamman Koil Street: Rs 3,300 per sq.ft (2024)
• Avvai Colony: Rs 5,000 per sq.ft (2024)
• Bajanai Koil Street: Rs 6,100 per sq.ft (2024)
• Balaji Street: Rs 6,100 per sq.ft (2024)
• Bharathi Avenue: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Adyar Avenue Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, making a total of Rs 7,92,000. It is important to note that the 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 Adyar Avenue Road?

The Sub Registrar Office that covers Adyar Avenue Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Kottur

The guideline value plays a crucial role in property transactions in Kottur. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of a property. Buyers and sellers must consider this value to ensure compliance with legal requirements during the registration process.

When a property is sold, the guideline value is used to calculate the necessary fees, which are mandatory for the registration of the property. This ensures that the transaction is officially recognized and recorded in the government records.

Frequently asked questions

What is the current guideline value of Adyar Avenue Road?

The current guideline value of Adyar Avenue Road is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 500 per sq.ft in 2003 to Rs 8,800 per sq.ft in 2024, showing a significant increase over the years.

What is the median guideline value in Kottur?

The median guideline value in Kottur is Rs 6,100 per sq.ft for the year 2024.

What are the stamp duty rates for properties in Adyar Avenue Road?

The stamp duty for properties in Adyar Avenue Road is 7% of the guideline value, while the registration fee is 2% of the guideline value.

Where can I find the relevant Sub Registrar Office?

The relevant Sub Registrar Office for Adyar Avenue Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.