Guideline Value for KOTTAI STREET

Kottai Street guideline value

The current guideline value of Kottai Street is Rs 750 per sq.ft, effective from 1 July 2024. This street is located in Thiruninravur-A village under the Avadi SRO and falls under the Residential Class II Type - III land classification.

How the guideline value of Kottai Street has changed

The guideline value for Kottai Street has undergone several revisions over the years. The 2017 revision set the value at Rs 469 per sq.ft, which increased to Rs 700 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the value to Rs 750 per sq.ft, marking a 7% increase from the previous year. Overall, from 2017 to 2024, the guideline value has increased by 60%.

There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for Kottai Street. The 2024 figure of Rs 750 per sq.ft aligns with the median guideline value of Rs 750 per sq.ft for the 382 streets in Thiruninravur-A under the Avadi SRO.

Guideline values in Thiruninravur-A

In Thiruninravur-A, the guideline values range from Rs 440 to Rs 2,750 per sq.ft, with the median being Rs 750 per sq.ft. Kottai Street's 2024 guideline value matches this median.

• Krishna Colony: Rs 750 per sq.ft (2024)
• Krishna Nagar: Rs 750 per sq.ft (2024)
• K.M.Avenue: Rs 750 per sq.ft (2024)
• Krishnan Koil St: Rs 750 per sq.ft (2024)
• Krishnapuram 1st Cross St: Rs 1,210 per sq.ft (2024)
• Krishnapuram 1st Main St: Rs 1,210 per sq.ft (2024)

Stamp duty and registration fee for property in Kottai Street

For a 1,000 sq.ft plot at the current rate of Rs 750 per sq.ft, the guideline value amounts to Rs 7,50,000. The stamp duty at 7% would be Rs 52,500, and the registration fee at 2% would be Rs 15,000, bringing the total to Rs 67,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kottai Street?

Kottai Street falls under the jurisdiction of the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Thiruninravur-A

The guideline value is a crucial factor in the registration process when buying or selling property in Thiruninravur-A. It serves as the minimum value for the property, ensuring that the transaction is recorded at a fair price according to government standards.

When registering a property, the guideline value is used to calculate applicable fees, such as stamp duty and registration charges. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Kottai Street?

The current guideline value of Kottai Street is Rs 750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 469 per sq.ft in 2017 to Rs 750 per sq.ft in 2024, reflecting a 60% overall increase over this period.

What are the other streets in Thiruninravur-A with the same guideline value?

Other streets in Thiruninravur-A with a guideline value of Rs 750 per sq.ft include Krishna Colony, Krishna Nagar, K.M.Avenue, and Krishnan Koil St.

Where can I find the Sub Registrar Office for Kottai Street?

The Sub Registrar Office covering Kottai Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Kottai Street?

Stamp duty for properties in Kottai Street is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 52,500.