Guideline Value for E W S Quarters Kotturpuram

E W S Quarters Kotturpuram guideline value

The current guideline value for E W S Quarters Kotturpuram is Rs 6,100 per sq.ft, effective from 1 July 2024. This area falls under Adayar village and the Adayar SRO, classified as Residential Class II Type - I.

How the guideline value of E W S Quarters Kotturpuram has changed

Over the years, the guideline value for E W S Quarters Kotturpuram has seen significant changes. In 2007, the guideline value was Rs 2,200 per sq.ft, which increased to Rs 5,500 per sq.ft in 2012, marking a 150% rise. However, in 2017, it decreased to Rs 3,685 per sq.ft, a drop of 33%. The value then rose to Rs 5,500 per sq.ft in 2023, followed by a further increase to Rs 6,100 per sq.ft in 2024, representing an 11% increase.

From 2017 to 2023, the increase was substantial at 49%. Overall, from 2007 to 2024, the guideline value has increased by 177%. It is important to note that the register has no figures for the years 2002 and 2003 for this street.

Guideline values in Adayar

Adayar village has 92 streets under the Adayar SRO, with guideline values ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value in this area is Rs 6,100 per sq.ft, which is the same as the current value for E W S Quarters Kotturpuram.

• Ferri Road: Rs 9,400 per sq.ft (2024)
• Gandhi Mandabam Road: Rs 11,000 per sq.ft (2024)
• Cresent Road: Rs 9,400 per sq.ft (2024)
• Cresent Park Road: Rs 9,400 per sq.ft (2024)
• Circular Road: Rs 6,600 per sq.ft (2024)
• Chitra Nagar: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in E W S Quarters Kotturpuram

For a 1,000 sq.ft plot at the current guideline value of Rs 6,100 per sq.ft, the total guideline value amounts to Rs 61,00,000. The stamp duty at 7% would be Rs 4,27,000, while the registration fee at 2% would be Rs 1,22,000, bringing the total to Rs 5,49,000. It is essential to note that duty is charged on the higher of the guideline value or the sale price.

For more details on calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers E W S Quarters Kotturpuram?

The E W S Quarters Kotturpuram area is covered by the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during the registration process when buying or selling property in Adayar. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state receives appropriate revenue from property transactions.

When a property is sold, the guideline value helps in calculating the stamp duty and registration fees, which are mandatory costs associated with the transfer of property ownership. Buyers should be aware that these fees are based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value for E W S Quarters Kotturpuram?

The current guideline value for E W S Quarters Kotturpuram is Rs 6,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the value increasing from Rs 2,200 per sq.ft in 2007 to Rs 6,100 per sq.ft in 2024, an overall increase of 177%.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 61,00,000, the stamp duty would be Rs 4,27,000 and the registration fee would be Rs 1,22,000, totaling Rs 5,49,000.

Which office handles property registrations in E W S Quarters Kotturpuram?

The Adayar Sub Registrar Office handles property registrations in E W S Quarters Kotturpuram, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the land classification for E W S Quarters Kotturpuram?

E W S Quarters Kotturpuram is classified as Residential Class II Type - I, indicating its designation for residential use.