Guideline Value for East Coast Road

East Coast Road guideline value

The current guideline value of East Coast Road in Kottivakkam village is Rs 5,500 per sq.ft, effective from 1 July 2024. This street falls under the Adayar SRO and is classified as Commercial Class I Type - II.

How the guideline value of East Coast Road has changed

The guideline value for East Coast Road has undergone several revisions over the years. The earliest recorded figure is from 2012, where the value was Rs 5,000 per sq.ft. This was followed by a decrease to Rs 3,350 per sq.ft in 2017. In 2023, the value increased to Rs 5,000 per sq.ft, and the most recent revision in 2024 saw it rise to Rs 5,500 per sq.ft. The register has no figure for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the value increased by 49%. The increase from 2023 to 2024 is 10%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kottivakkam

Kottivakkam has a total of 284 streets under the Adayar SRO with a 2024 guideline value range from Rs 1,700 to Rs 8,500 per sq.ft. The median value is Rs 3,900 per sq.ft, placing the East Coast Road guideline value above this median.

• ECR New Street: Rs 5,500 per sq.ft (2024)
• Elango Nagar: Rs 3,300 per sq.ft (2024)
• Elango Nagar Canal Road: Rs 1,700 per sq.ft (2024)
• D G I Layout Survey Road: Rs 3,300 per sq.ft (2024)
• D G I Layout Main Road: Rs 3,300 per sq.ft (2024)
• D G I Layout 4th Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in East Coast Road

For a 1,000 sq.ft plot at the current rate of Rs 5,500 per sq.ft, the guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, totaling Rs 4,95,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers East Coast Road?

The East Coast Road 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 Kottivakkam

The guideline value is a critical factor in property transactions in Kottivakkam. It is used to determine the stamp duty and registration fees payable during the registration of property. Buyers and sellers must be aware of this value as it influences the overall cost of property transactions.

When a property is sold, the guideline value serves as a benchmark for the minimum price at which the property can be registered. If the sale price exceeds the guideline value, the duty is charged on the higher amount.

Frequently asked questions

What is the current guideline value of East Coast Road?

The current guideline value of East Coast Road in Kottivakkam is Rs 5,500 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly over the years, with the most recent increase being 10% from Rs 5,000 per sq.ft in 2023 to Rs 5,500 per sq.ft in 2024.

What is the land classification for East Coast Road?

East Coast Road is classified as Commercial Class I Type - II under the Adayar SRO.

Where can I find the registration office for East Coast Road?

The registration office for East Coast Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property with a guideline value of Rs 55,00,000, the stamp duty at 7% would be Rs 3,85,000.