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Guideline Value

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Guideline Value for Guruvappa Nayakkan Street

₹6100/sq.ft.

The guideline value for Guruvappa Nayakkan Street in Kottur village (Adayar SRO, Chennai zone) is Rs 6100 per sq.ft, effective 1 July 2024. It was Rs 5500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottur

Village

Adayar

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹6100 /sq.ft.
From 1-4-2023 ₹5500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3685 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹610 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹566 /sq.ft.
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 Guruvappa Nayakkan Street

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Guruvappa Nayakkan Street guideline value

The current guideline value of Guruvappa Nayakkan Street is Rs 6,100 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 III Type - I land classification.

How the guideline value of Guruvappa Nayakkan Street has changed

The guideline value for Guruvappa Nayakkan Street has undergone several revisions over the years. In 2002, the guideline value was Rs 566 per sq.ft, which saw a significant increase to Rs 610 per sq.ft in 2003. The value then rose dramatically to Rs 2,500 per sq.ft in 2007, marking an increase of 310%. Following this, the value experienced a substantial jump to Rs 5,500 per sq.ft in 2012, which was a 120% increase from the previous figure. However, it decreased to Rs 3,685 per sq.ft in 2017, reflecting a decline of 33%.

In 2023, the guideline value was revised to Rs 5,500 per sq.ft, and it increased again to Rs 6,100 per sq.ft in 2024, showing an 11% rise. Overall, from 2002 to 2024, the guideline value has increased by 978%. There are no figures available for the years not mentioned in this summary.

Guideline values in Kottur

Kottur village has a total of 114 streets under the Adayar SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 15,400 per sq.ft. The current guideline value of Guruvappa Nayakkan Street is equal to the median value of Rs 6,100 per sq.ft in the village.

Stamp duty and registration fee for property in Guruvappa Nayakkan Street

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

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Guruvappa Nayakkan Street?

The Sub Registrar Office that covers Guruvappa Nayakkan Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process of property transactions in Kottur. It serves as a benchmark for determining the minimum value of the property, which must be adhered to during registration. Buyers and sellers must ensure that the sale price of the property is not lower than the guideline value to avoid any legal complications.

When registering a property, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that both parties are aware of the financial obligations involved in the transaction based on the established guideline value.

Frequently asked questions

What is the current guideline value of Guruvappa Nayakkan Street?

The current guideline value of Guruvappa Nayakkan Street 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 from Rs 566 per sq.ft in 2002 to Rs 6,100 per sq.ft in 2024, reflecting an overall increase of 978% over the years.

What is the role of the Adayar SRO in property transactions?

The Adayar SRO is responsible for registering property transactions in the Kottur area, ensuring that all transactions comply with the established guideline values and legal requirements.

How is the stamp duty calculated for properties in Guruvappa Nayakkan Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 61,00,000, the stamp duty at 7% would be Rs 4,27,000.

Where can I find more information about the guideline values in Kottur?

For more information about guideline values in Kottur and other streets, you can visit the relevant sections on the Tamil Nadu Registration Department's website.