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Guideline Value

Corporate

Guideline Value for Kasthuribai Nagar 2nd Main Road

₹12700/sq.ft.

The guideline value for Kasthuribai Nagar 2nd Main Road in Kottur village (Adayar SRO, Chennai zone) is Rs 12700 per sq.ft, effective 1 July 2024. It was Rs 11500 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottur

Village

Adayar

SRO

Commercial Class I Type - II
History
Period Guideline Value
From 1-7-2024 ₹12700 /sq.ft.
From 1-4-2023 ₹11500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹7705 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹11500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹5205 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹2180 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹2023 /sq.ft.
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 Main Road

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Kasthuribai Nagar 2nd Main Road guideline value

The current guideline value of Kasthuribai Nagar 2nd Main Road is Rs 12,700 per sq.ft. This street is located in Kottur village, under the Adayar SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Kasthuribai Nagar 2nd Main Road has changed

The guideline value for Kasthuribai Nagar 2nd Main Road has seen significant changes over the years. In 2002, the guideline value was Rs 2,023 per sq.ft, which increased to Rs 2,180 per sq.ft in 2003, marking an 8% rise. The value then rose dramatically to Rs 5,205 per sq.ft in 2007, reflecting a 139% increase. Following that, the value increased to Rs 11,500 per sq.ft in 2012, representing a 121% jump. However, it then decreased to Rs 7,705 per sq.ft in 2017, a decline of 33%. The guideline value rose again to Rs 11,500 per sq.ft in 2023, and the most recent revision in 2024 set it at Rs 12,700 per sq.ft, a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 528%. The register has no figures for the years not specified in the revisions, and thus only the years listed above reflect the changes in guideline value.

Guideline values in Kottur

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

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

For a 1,000 sq.ft plot at the current guideline value of Rs 12,700 per sq.ft, the total guideline value would be Rs 1,27,00,000. The stamp duty at 7% would be Rs 8,89,000, and the registration fee at 2% would be Rs 2,54,000, bringing the total to Rs 11,43,000. 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 2nd Main Road?

The Sub Registrar Office that covers Kasthuribai Nagar 2nd Main 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 for property transactions in Kottur. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling a property. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Kasthuribai Nagar 2nd Main Road is Rs 12,700 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 2,023 per sq.ft in 2002 to Rs 12,700 per sq.ft in 2024, reflecting an overall increase of 528% over this period.

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

Kasthuribai Nagar 2nd Main Road is classified as Commercial Class I Type - II.

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 is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 1,27,00,000 would incur a stamp duty of Rs 8,89,000 at 7%.