Guideline Value

Corporate

Guideline Value for Kamarajar Road

₹4400/sq.ft.

The guideline value for Kamarajar Road in Kottivakkam village (Adayar SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 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

Kottivakkam

Village

Adayar

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1250 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹450 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹320 /sq.ft.
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 Kamarajar Road

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Kamarajar Road guideline value

The current guideline value of Kamarajar Road in Kottivakkam village, under the Adayar SRO, is Rs 4,400 per sq.ft, effective from 1 July 2024. This street falls under the Residential Class I Type - I land classification.

How the guideline value of Kamarajar Road has changed

The guideline value for Kamarajar Road has seen significant changes over the years. In 2002, the value was Rs 320 per sq.ft, which increased to Rs 450 per sq.ft in 2003, marking a 41% rise. The value continued to rise, reaching Rs 1,250 per sq.ft in 2007, a substantial increase of 178%. By 2012, the value was Rs 4,000 per sq.ft, showing a 220% increase from the previous revision. However, it then dropped to Rs 2,680 per sq.ft in 2017, reflecting a decrease of 33%.

In the subsequent revisions, the guideline value increased again, reaching Rs 4,000 per sq.ft in 2023, a 49% rise from 2017. The most recent revision in 2024 saw the value rise to Rs 4,400 per sq.ft, which is a 10% increase from 2023. There are no figures available for the revisions in years prior to 2002 or for any years not listed in the register.

Guideline values in Kottivakkam

Kottivakkam has a total of 284 streets under the Adayar SRO, with guideline values ranging from Rs 1,700 to Rs 8,500 per sq.ft as of 2024. The median guideline value in the village is Rs 3,900 per sq.ft, placing Kamarajar Road's 2024 figure above this median.

Stamp duty and registration fee for property in Kamarajar Road

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000. Together, the total cost would be Rs 3,96,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kamarajar Road?

The Kamarajar 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 details.

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

The guideline value is a crucial factor when registering property transactions in Kottivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. Buyers and sellers must be aware that the guideline value is used to calculate stamp duty and registration fees, which are mandatory costs associated with property transactions.

When a property is sold, the guideline value helps ensure that the transaction is recorded at a fair price, reflecting the current value of the property in the area. This process aids in maintaining transparency and accountability in real estate transactions.

Frequently asked questions

What is the current guideline value of Kamarajar Road?

The current guideline value of Kamarajar Road is Rs 4,400 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 320 per sq.ft in 2002 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 1275% over this period.

What is the registration office for Kamarajar Road?

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

How is stamp duty calculated for properties on Kamarajar Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the stamp duty would be Rs 3,08,000.

What are the guideline values of other streets in Kottivakkam?

Other streets in Kottivakkam have varying guideline values, ranging from Rs 1,700 to Rs 8,500 per sq.ft. Kamarajar Road's value of Rs 4,400 per sq.ft is above the village median of Rs 3,900 per sq.ft.