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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 Pallipattu 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

Pallipattu

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 ₹1603 /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, effective from 1 July 2024. This road is located in Pallipattu 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 several revisions over the years. In 2002, the value was Rs 1,603 per sq.ft, which increased to Rs 2,180 per sq.ft in 2003, marking a 36% rise. By 2007, the value rose significantly to Rs 5,205 per sq.ft, reflecting a 139% increase. The value then experienced a substantial jump to Rs 11,500 per sq.ft in 2012, an increase of 121% from the previous revision. However, from 2012 to 2017, the value decreased by 33% to Rs 7,705 per sq.ft. The next revision in 2023 saw the value increase to Rs 11,500 per sq.ft, a 49% rise. Finally, the current revision in 2024 set the guideline value at Rs 12,700 per sq.ft, which is a 10% increase from the previous year.

There are no figures available for the revisions in years not listed in the register for this street.

Guideline values in Pallipattu

Pallipattu village has a range of guideline values for its streets, with 72 streets under the Adayar SRO carrying a 2024 figure from Rs 3,300 to Rs 15,400 per sq.ft. The median value for these streets is Rs 9,400 per sq.ft, placing the guideline value of Kasthuribai Nagar 2nd Main Road 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 amounts to 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 cost to Rs 11,43,000. It is important to note that the duty is charged on the higher of the guideline value and 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 Pallipattu

The guideline value is a crucial factor in property transactions in Pallipattu. It serves as the baseline for calculating stamp duty and registration fees when a property is bought or sold. Buyers and sellers must consider this value to understand the financial implications of their transactions.

When registering a property, the guideline value is assessed to determine the applicable fees. It is essential for both parties to be aware of the current guideline value to ensure compliance with local regulations and to avoid any discrepancies during the registration process.

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 increased from Rs 1,603 per sq.ft in 2002 to Rs 12,700 per sq.ft in 2024, marking an overall increase of 692% over the years.

What is the land classification of 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 stamp duty calculated for properties in Pallipattu?

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 1,27,00,000, the stamp duty would be Rs 8,89,000 at a rate of 7%.