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Guideline Value

Corporate

Guideline Value for Karunanidhi Nagar 1st Street

₹6100/sq.ft.

The guideline value for Karunanidhi Nagar 1st 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 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
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 Karunanidhi Nagar 1st Street

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Karunanidhi Nagar 1st Street guideline value

The current guideline value of Karunanidhi Nagar 1st 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 is classified as Residential Class III Type - I.

How the guideline value of Karunanidhi Nagar 1st Street has changed

Over the years, the guideline value of Karunanidhi Nagar 1st Street has seen several revisions. The 2012 revision set the value at Rs 5,500 per sq.ft, which was a decrease of 33% from the 2017 figure of Rs 3,685 per sq.ft. The guideline value then increased to Rs 5,500 per sq.ft in 2023, before rising to Rs 6,100 per sq.ft in the 2024 revision, marking an increase of 11% from the previous year.

From the 2012 revision to the 2024 revision, the overall change is an increase of 11%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Kottur

In Kottur, a total of 114 streets under the Adayar SRO have a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value is Rs 6,100 per sq.ft, which matches the current guideline value for Karunanidhi Nagar 1st Street.

Stamp duty and registration fee for property in Karunanidhi Nagar 1st Street

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, and the registration fee at 2% would be Rs 1,22,000, bringing the total cost for these fees to 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.

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

Which Sub Registrar Office covers Karunanidhi Nagar 1st Street?

The Sub Registrar Office that covers Karunanidhi Nagar 1st Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kottur. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these costs are based on the officially recognized value of the property.

When a property is sold, the guideline value helps to establish a fair price for taxation purposes. Buyers and sellers should be aware of the current guideline value to accurately assess their financial obligations during the transaction.

Frequently asked questions

What is the current guideline value for Karunanidhi Nagar 1st Street?

The current guideline value for Karunanidhi Nagar 1st 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 increased from Rs 5,500 per sq.ft in 2023 to Rs 6,100 per sq.ft in 2024. It also rose from Rs 3,685 per sq.ft in 2017 to Rs 5,500 per sq.ft in 2023, and from Rs 5,500 per sq.ft in 2012 to Rs 3,685 per sq.ft in 2017.

What is the land classification for Karunanidhi Nagar 1st Street?

Karunanidhi Nagar 1st Street is classified as Residential Class III Type - I, indicating its designation for residential use.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Karunanidhi Nagar 1st Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in Kottur?

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