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Guideline Value

Corporate

Guideline Value for Karunanidhi Nagar 3rd Street

₹6100/sq.ft.

The guideline value for Karunanidhi Nagar 3rd 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 3rd Street

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Karunanidhi Nagar 3rd Street guideline value

The current guideline value of Karunanidhi Nagar 3rd Street is Rs 6,100 per sq.ft, effective from 1 July 2024. This street is located in Kottur village and falls under the Adayar SRO. The land classification for this area is Residential Class III Type - I.

How the guideline value of Karunanidhi Nagar 3rd Street has changed

The guideline value for Karunanidhi Nagar 3rd Street has undergone several revisions over the years. In 2012, the value was Rs 5,500 per sq.ft, which then decreased to Rs 3,685 per sq.ft in 2017. Following this, the value significantly increased to Rs 5,500 per sq.ft in 2023, and then rose again to Rs 6,100 per sq.ft in 2024, marking an 11% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kottur

In Kottur, there are 114 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value is Rs 6,100 per sq.ft, which is equal to the current value of Karunanidhi Nagar 3rd Street.

Stamp duty and registration fee for property in Karunanidhi Nagar 3rd 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, making the total Rs 5,49,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Karunanidhi Nagar 3rd Street?

The Sub Registrar Office that covers Karunanidhi Nagar 3rd Street is 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 Kottur

The guideline value plays a crucial role in the registration process when buying or selling property in Kottur. It is used to determine the stamp duty and registration fees that must be paid during the transaction.

Buyers and sellers should be aware that the guideline value is a benchmark set by the government, and it helps in ensuring transparency and standardization in property transactions. It is essential to refer to the latest guideline values to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Karunanidhi Nagar 3rd Street?

The current guideline value of Karunanidhi Nagar 3rd 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 from Rs 5,500 per sq.ft in 2012 to Rs 3,685 per sq.ft in 2017, then to Rs 5,500 per sq.ft in 2023, and finally to Rs 6,100 per sq.ft in 2024.

What is the land classification for Karunanidhi Nagar 3rd Street?

The land classification for Karunanidhi Nagar 3rd Street is Residential Class III Type - I.

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

The Sub Registrar Office for Karunanidhi Nagar 3rd Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated based on the guideline value?

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