Guideline Value

Corporate

Guideline Value for Adyar House Road

₹8800/sq.ft.

The guideline value for Adyar House Road in Kottur village (Adayar SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottur

Village

Adayar

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5360 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹4500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹500 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

51, Kamaraj Avenue,second Street, Adyar, Chennai-20
044-24415011
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[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 Adyar House Road

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Adyar House Road guideline value

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

How the guideline value of Adyar House Road has changed

The guideline value for Adyar House Road has seen several revisions over the years. In 2003, the value was set at Rs 500 per sq.ft. This figure increased significantly to Rs 4,500 per sq.ft in 2007, marking an increase of 800%. The value then rose to Rs 8,000 per sq.ft in 2012, representing a 78% increase from the previous revision. However, in 2017, the value dropped to Rs 5,360 per sq.ft, a decrease of 33% from 2012. The 2023 revision set the value at Rs 8,000 per sq.ft, and the latest revision in 2024 raised it to Rs 8,800 per sq.ft, reflecting a 10% increase.

Overall, from 2003 to 2024, the guideline value has increased by 1660%. It is important to note that the register has no figure for Adyar House Road for the year 2002.

Guideline values in Kottur

In Kottur village, there are 114 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value is Rs 6,100 per sq.ft, placing Adyar House Road's 2024 figure above this median.

Stamp duty and registration fee for property in Adyar House Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be 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 the total Rs 7,92,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for further assistance.

Which Sub Registrar Office covers Adyar House Road?

The Sub Registrar Office that covers Adyar House 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 is a critical factor in property transactions in Kottur. It serves as a reference point for determining the value of properties during registration. Buyers and sellers must consider the guideline value to ensure compliance with local regulations and to calculate the applicable stamp duty and registration fees accurately.

When a property is sold, the guideline value helps in assessing the minimum value at which the property can be registered. This ensures that the government receives the appropriate revenue from property transactions, reflecting the true value of real estate in the area.

Frequently asked questions

What is the current guideline value of Adyar House Road?

The current guideline value of Adyar House 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 multiple times, starting from Rs 500 per sq.ft in 2003 and reaching Rs 8,800 per sq.ft in 2024. The most significant increase occurred between 2003 and 2007, with an increase of 800%.

What is the median guideline value for streets in Kottur?

The median guideline value for streets in Kottur is Rs 6,100 per sq.ft. Adyar House Road's 2024 figure is above this median.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, and the registration fee is 2%. For a property valued at Rs 88,00,000, the total fees would amount to Rs 7,92,000.

Where can I find the Sub Registrar Office for Adyar House Road?

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