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Guideline Value

Corporate

Guideline Value for Kasthuribai Nagar 3rd Cross Road

₹11000/sq.ft.

The guideline value for Kasthuribai Nagar 3rd Cross Road in Kottur village (Adayar SRO, Chennai zone) is Rs 11000 per sq.ft, effective 1 July 2024. It was Rs 10000 per sq.ft from 1 April 2023, a 10% change. The land classification is Commercial Class I Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottur

Village

Adayar

SRO

Commercial Class I Type - III
History
Period Guideline Value
From 1-7-2024 ₹11000 /sq.ft.
From 1-4-2023 ₹10000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹6700 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹10000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹4500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹2246 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1926 /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 3rd Cross Road

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Kasthuribai Nagar 3rd Cross Road guideline value

The current guideline value of Kasthuribai Nagar 3rd Cross Road is Rs 11,000 per sq.ft, effective from 1 July 2024. This street is located in Kottur village under the Adayar SRO, classified as Commercial Class I Type - III.

How the guideline value of Kasthuribai Nagar 3rd Cross Road has changed

The guideline value for Kasthuribai Nagar 3rd Cross Road has seen significant changes over the years. The earliest recorded figure is from 2002, with a guideline value of Rs 1,926 per sq.ft. This increased to Rs 2,246 per sq.ft in 2003, marking a 17% rise. The value then continued to grow, reaching Rs 4,500 per sq.ft in 2007, which is a 100% increase from the previous figure. By 2012, the value was Rs 10,000 per sq.ft, reflecting a 122% increase from 2007. However, it then decreased to Rs 6,700 per sq.ft in 2017, a decline of 33%.

From 2017 to 2023, the guideline value rose significantly to Rs 10,000 per sq.ft, which is a 49% increase. The most recent revision in 2024 set the guideline value at Rs 11,000 per sq.ft, representing a 10% increase from 2023. Overall, from 2002 to 2024, the guideline value has increased by 471%.

Guideline values in Kottur

Kottur village has a total of 114 streets under the Adayar SRO, with guideline values 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 3rd Cross Road above this median.

Stamp duty and registration fee for property in Kasthuribai Nagar 3rd Cross Road

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty at 7% would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, resulting in a total of Rs 9,90,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kasthuribai Nagar 3rd Cross Road?

The Sub Registrar Office that covers Kasthuribai Nagar 3rd 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 property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is recorded accurately.

At the time of registration, the buyer must pay the applicable stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Kasthuribai Nagar 3rd Cross Road?

The current guideline value of Kasthuribai Nagar 3rd Cross Road is Rs 11,000 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 1,926 per sq.ft in 2002 to Rs 11,000 per sq.ft in 2024, reflecting an overall increase of 471%.

What is the land classification for Kasthuribai Nagar 3rd Cross Road?

Kasthuribai Nagar 3rd Cross Road is classified as Commercial Class I Type - III.

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

The Sub Registrar Office for Kasthuribai Nagar 3rd Cross Road is the Adayar Sub Registrar Office, 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. The current rate is 7% for stamp duty and 2% for the registration fee.