Guideline Value

Corporate

Guideline Value for Canal Bank Road South

₹6600/sq.ft.

The guideline value for Canal Bank Road South 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 ₹3000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1067 /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 South

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Canal Bank Road South guideline value

The current guideline value of Canal Bank Road South is Rs 6,600 per sq.ft, effective from 1 July 2024. This road is located in Kottur village, under the Adayar SRO, and is classified as Residential Class II Type - I.

How the guideline value of Canal Bank Road South has changed

Since the 2003 revision, the guideline value for Canal Bank Road South has seen significant changes. In 2003, the value was Rs 1,067 per sq.ft, which increased to Rs 3,000 per sq.ft in 2007, marking a 181% rise. The value then doubled to Rs 6,000 per sq.ft in 2012, reflecting a 100% increase. However, it dropped to Rs 4,020 per sq.ft in 2017, a decrease of 33%. The value rose again to Rs 6,000 per sq.ft in 2023 and is now Rs 6,600 per sq.ft in 2024, which is a 10% increase.

Overall, from 2003 to 2024, there has been a remarkable increase of 519% in the guideline value. The register has no figure for the year 2002 for this street.

Guideline values in Kottur

In Kottur, there are 114 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value for these streets is Rs 6,100 per sq.ft, placing Canal Bank Road South's 2024 figure above that median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees to 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 more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Canal Bank Road South?

The Canal Bank Road South falls under the jurisdiction of the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

When buying or selling property in Kottur, the guideline value plays a crucial role in determining the stamp duty and registration fees. The guideline value is set by the government and is used as a basis for calculating these fees, ensuring that they are in line with the current market conditions.

It is essential for buyers and sellers to be aware of the guideline value, as it directly impacts the overall cost of property transactions. Accurate knowledge of the guideline value helps in better financial planning during property dealings.

Frequently asked questions

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

The current guideline value of Canal Bank Road South 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 1,067 per sq.ft in 2003 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 519% over this period.

What is the land classification for Canal Bank Road South?

Canal Bank Road South is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Canal Bank Road South?

The Sub Registrar Office covering Canal Bank Road South is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

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

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000 at a rate of 7%.