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Guideline Value

Corporate

Guideline Value for Kasthuribai Nagar 1st Cross Road

₹8800/sq.ft.

The guideline value for Kasthuribai Nagar 1st Cross Road in Kottur village (Adayar SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 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

Kottur

Village

Adayar

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5360 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8000 /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 Kasthuribai Nagar 1st Cross Road

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Kasthuribai Nagar 1st Cross Road guideline value

The current guideline value of Kasthuribai Nagar 1st Cross Road is Rs 8,800 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 I Type - I.

How the guideline value of Kasthuribai Nagar 1st Cross Road has changed

Over the years, the guideline value for Kasthuribai Nagar 1st Cross Road has seen several revisions. The 2012 revision set the value at Rs 8,000 per sq.ft, which was a decrease of 33% from Rs 5,360 per sq.ft in the 2017 revision. The value then increased to Rs 8,000 per sq.ft in 2023, followed by a rise to Rs 8,800 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a significant increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Kottur

Kottur village has a total of 114 streets under the Adayar SRO, with guideline values ranging from Rs 3,300 to Rs 15,400 per sq.ft as per the 2024 revision. The median guideline value for these streets is Rs 6,100 per sq.ft, placing Kasthuribai Nagar 1st Cross Road above this median.

Stamp duty and registration fee for property in Kasthuribai Nagar 1st Cross Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the guideline value totals Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, bringing the total to Rs 7,92,000. 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 Kasthuribai Nagar 1st Cross Road?

The Sub Registrar Office that covers Kasthuribai Nagar 1st Cross Road 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 serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When a property is registered, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kasthuribai Nagar 1st Cross Road?

The current guideline value of Kasthuribai Nagar 1st Cross Road is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 8,000 per sq.ft in 2023 to Rs 8,800 per sq.ft in 2024, showing a 10% increase. It was Rs 5,360 per sq.ft in 2017 and Rs 8,000 per sq.ft in 2012.

What is the land classification for this street?

Kasthuribai Nagar 1st Cross Road is classified as Residential Class I Type - I, indicating its suitability for residential development.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. This office handles the registration of properties in the area.

How is 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, for a property valued at Rs 88,00,000, the stamp duty would be Rs 6,16,000 at a rate of 7%.