Guideline Value

Corporate

Guideline Value for Circular Road

₹6600/sq.ft.

The guideline value for Circular Road in Adayar 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 I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Adayar

Village

Adayar

SRO

Residential Class I 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 N/A
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 Circular Road

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Circular Road guideline value

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

How the guideline value of Circular Road has changed

The guideline value of Circular Road has seen several revisions over the years. In 2007, the value was Rs 2,200 per sq.ft, which increased significantly to Rs 6,000 per sq.ft in 2012, marking a 173% rise. However, it then decreased to Rs 4,020 per sq.ft in 2017, reflecting a decline of 33%. Following this, the value rose sharply to Rs 6,000 per sq.ft in 2023, and then further increased by 10% to the current value of Rs 6,600 per sq.ft in 2024.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 200%. The register does not provide figures for the years 2002 and 2003 for this street.

Guideline values in Adayar

In Adayar village, there are 92 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft, with a median value of Rs 6,100 per sq.ft. The guideline value of Circular Road is above this median.

Stamp duty and registration fee for property in Circular Road

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 cost for these fees to Rs 5,94,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Circular Road?

The Sub Registrar Office that covers Circular 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 Adayar

The guideline value is a critical factor in the registration process when buying or selling property in Adayar. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the higher of the sale price and the guideline value is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Circular Road?

The current guideline value of Circular Road 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 2,200 per sq.ft in 2007 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 200% over the years.

What is the land classification of Circular Road?

Circular Road is classified as Residential Class I Type - I under the Adayar SRO.

Where can I find the Adayar Sub Registrar Office?

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

How is the stamp duty calculated for properties in Circular Road?

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