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Guideline Value

Corporate

Guideline Value for Kasthuribai Nagar 2nd Cross Road

₹8800/sq.ft.

The guideline value for Kasthuribai Nagar 2nd 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 ₹4500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1154 /sq.ft.
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 2nd Cross Road

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Kasthuribai Nagar 2nd Cross Road guideline value

The current guideline value of Kasthuribai Nagar 2nd 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 2nd Cross Road has changed

The guideline value for Kasthuribai Nagar 2nd Cross Road has seen several revisions over the years. The earliest recorded figure is from 2003, at Rs 1,154 per sq.ft. This value increased significantly to Rs 4,500 per sq.ft in 2007, marking a 290% rise. The value then rose to Rs 8,000 per sq.ft in 2012, experiencing a decrease of 33% from the previous revision. In 2017, the guideline value increased to Rs 5,360 per sq.ft, followed by a substantial jump to Rs 8,000 per sq.ft in 2023, which was a 49% increase. The most recent revision in 2024 set the guideline value at Rs 8,800 per sq.ft, reflecting a 10% increase from the previous year.

It is important to note that the register has no figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 663%.

Guideline values in Kottur

Kottur village has a range of guideline values across its 114 streets under the Adayar SRO, with figures ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value in this area is Rs 6,100 per sq.ft, placing the 2024 guideline value of Kasthuribai Nagar 2nd Cross Road above this median.

Stamp duty and registration fee for property in Kasthuribai Nagar 2nd Cross Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be 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, totaling Rs 7,92,000. Duty is charged on the higher of the guideline value and the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kasthuribai Nagar 2nd Cross Road?

The Sub Registrar Office that covers Kasthuribai Nagar 2nd 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 is a crucial factor in property transactions in Kottur as it determines the minimum value at which a property can be registered. When buying or selling a property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that these costs are based on the officially recognized value of the property.

It is important to note that the guideline value may differ from the actual sale price. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value of Kasthuribai Nagar 2nd Cross Road?

The current guideline value of Kasthuribai Nagar 2nd 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 1,154 per sq.ft in 2003 to Rs 8,800 per sq.ft in 2024, with various revisions over the years reflecting increases and decreases.

What is the land classification for Kasthuribai Nagar 2nd Cross Road?

Kasthuribai Nagar 2nd Cross Road is classified as Residential Class I Type - I.

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.

How is the stamp duty calculated for properties in Kottur?

Stamp duty for properties in Kottur is calculated based on the higher of the guideline value or the sale price. The current rate is 7% for stamp duty and 2% for the registration fee.