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Guideline Value

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Guideline Value for Canal Bank Road East

₹6600/sq.ft.

The guideline value for Canal Bank Road East in Kottur village (Adayar SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottur

Village

Adayar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1208 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

No.161(71/6), L.b Road (dr.muthulakshmi Salai) Tnhb Building,third Floor,thiruvanmiyur,chennai-600041
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 Canal Bank Road East

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Canal Bank Road East guideline value

The current guideline value of Canal Bank Road East is Rs 6,600 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 II Type - I land classification.

How the guideline value of Canal Bank Road East has changed

The guideline value for Canal Bank Road East has seen several revisions over the years. In 2003, the value was Rs 1,208 per sq.ft, which increased to Rs 2,200 per sq.ft in 2007, marking an increase of 82%. The value then rose significantly to Rs 6,000 per sq.ft in 2012, representing a 173% increase. However, it decreased to Rs 4,020 per sq.ft in 2017, a drop of 33%. The value surged again to Rs 6,000 per sq.ft in 2023, before reaching the current value of Rs 6,600 per sq.ft in 2024, which is a 10% increase.

Overall, from 2003 to 2024, the guideline value has increased by 446%. The register does not have a figure for the year 2002 for this street.

Guideline values in Kottur

Kottur village has 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 guideline value for these streets is Rs 6,100 per sq.ft, making Canal Bank Road East's 2024 figure of Rs 6,600 per sq.ft above the median.

Stamp duty and registration fee for property in Canal Bank Road East

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, totaling Rs 5,94,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Canal Bank Road East?

The Canal Bank Road East is covered by 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. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the registration of the property. This ensures that the transaction is recorded accurately in the government records.

It is essential for buyers and sellers to be aware of the current guideline value to understand the financial implications of their property transactions. The guideline value can vary significantly between different streets and areas, making it important to check the specific rates applicable to the property in question.

Frequently asked questions

What is the current guideline value of Canal Bank Road East?

The current guideline value of Canal Bank Road East is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,208 per sq.ft in 2003 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 446%.

What are the other streets in Kottur with the same guideline value?

Other streets in Kottur with the same guideline value of Rs 6,600 per sq.ft in 2024 include Canal Bank Road Lane, Canal Bank Road North, Canal Bank Main Road, Canal Bank Road South, Canal Bank Road West, and Circular Road.

What is the registration office for Canal Bank Road East?

The Adayar Sub Registrar Office covers Canal Bank Road East, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in Canal Bank Road East?

The stamp duty for properties in Canal Bank Road East is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000.