Guideline Value

Corporate

Guideline Value for COATS ROAD

₹9900/sq.ft.

The guideline value for Coats Road in Tnagar village (Thiyagaraya Nagar 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 Residential Special Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Tnagar

Village

Thiyagaraya Nagar

SRO

Residential Special 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 ₹4000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹2850 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1232 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

27/14,vetnari Hospital Road Panpet Nandhanam Chennai-35
044-24340958
[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 Coats Road

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Coats Road guideline value

The current guideline value of Coats Road, located in Tnagar village under the Thiyagaraya nagar SRO, is Rs 9,900 per sq.ft as per the 2024 revision effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Coats Road has changed

The guideline value of Coats Road has undergone several revisions over the years. In 2002, the guideline value was Rs 1,232 per sq.ft. This increased to Rs 2,850 per sq.ft in 2003, marking a significant rise of 131%. The value continued to rise, reaching Rs 4,000 per sq.ft in 2007, which was a 40% increase from the previous revision. In 2012, however, the value dropped to Rs 9,000 per sq.ft, reflecting a decrease of 33%. The guideline value then saw an increase to Rs 6,030 per sq.ft in 2017, which was a 49% rise from 2012.

In 2023, the guideline value was revised to Rs 9,000 per sq.ft, and it further increased to Rs 9,900 per sq.ft in 2024, representing a 10% rise. Overall, from 2002 to 2024, the guideline value has increased by 704%. There are no figures available for the revisions in years other than those specified.

Guideline values in Tnagar

In Tnagar, there are 262 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value, ranging from Rs 4,400 to Rs 27,500 per sq.ft, with a median value of Rs 11,000 per sq.ft. Coats Road's 2024 guideline value is below this median.

Stamp duty and registration fee for property in Coats Road

For a 1,000 sq.ft plot at the current guideline value of Rs 9,900 per sq.ft, the total guideline value would be Rs 99,00,000. The stamp duty at 7% would amount to Rs 6,93,000, and the registration fee at 2% would be Rs 1,98,000, bringing the total to Rs 8,91,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Coats Road?

The Sub Registrar Office that covers Coats Road is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Tnagar, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring compliance with local regulations.

It is essential for buyers and sellers to be aware of the guideline value to avoid any discrepancies during the registration process. The guideline value serves as a benchmark for property transactions, helping to streamline the registration and taxation process.

Frequently asked questions

What is the current guideline value of Coats Road?

The current guideline value of Coats Road 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 seen several revisions, increasing from Rs 1,232 per sq.ft in 2002 to Rs 9,900 per sq.ft in 2024, which is an overall increase of 704%.

What are the stamp duty and registration fees for property in Coats Road?

For a 1,000 sq.ft property, the total guideline value is Rs 99,00,000. The stamp duty at 7% is Rs 6,93,000, and the registration fee at 2% is Rs 1,98,000, totaling Rs 8,91,000.

Which Sub Registrar Office covers Coats Road?

The Thiyagaraya nagar Sub Registrar Office covers Coats Road, located at 27/14, Vetnari Hospital Road, Panpet, Nandhanam, Chennai-35.

What is the land classification for Coats Road?

The land classification for Coats Road is Residential Special Type - II, indicating its designated use for residential purposes.