Guideline Value

Corporate

Guideline Value for Kasthuribai Nagar 3rd Main Road

₹12700/sq.ft.

The guideline value for Kasthuribai Nagar 3rd 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 ₹5000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹2459 /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 3rd Main Road

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Kasthuribai Nagar 3rd Main Road guideline value

The current guideline value of Kasthuribai Nagar 3rd Main Road is Rs 12,700 per sq.ft, effective from 1 July 2024. This street is located in Kottur village, under the jurisdiction of the Adayar Sub Registrar Office (SRO). The land classification for this area is Commercial Class I Type - II.

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

The guideline value for Kasthuribai Nagar 3rd Main Road has seen several revisions over the years. The earliest recorded figure in 2003 was Rs 2,459 per sq.ft, which increased to Rs 5,000 per sq.ft in 2007. Following that, the value rose significantly to Rs 11,500 per sq.ft in 2012, before dropping to Rs 7,705 per sq.ft in 2017. The value then increased to Rs 11,500 per sq.ft in 2023, and has now reached Rs 12,700 per sq.ft as of the 2024 revision.

In terms of percentage changes, the value increased by 103% from 2003 to 2007, followed by a 130% increase from 2007 to 2012. However, it saw a decline of 33% from 2012 to 2017. The value then rose by 49% from 2017 to 2023, and has increased by 10% from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 416%.

Guideline values in Kottur

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

Stamp duty and registration fee for property in Kasthuribai Nagar 3rd 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 amount to Rs 8,89,000, and the registration fee at 2% would be Rs 2,54,000, making the total fees together 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 detailed calculations, you can use the stamp duty and registration fee calculator.

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

The Adayar Sub Registrar Office covers Kasthuribai Nagar 3rd Main Road. The office is 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 key factor in property transactions in Kottur. It serves as a benchmark for determining the minimum price at which a property can be sold or purchased, ensuring that the transaction is registered at a fair value. This value is used to calculate the stamp duty and registration fees applicable during the sale process.

When buying or selling property, it's essential to be aware of the current guideline value, as it influences the overall costs involved in the transaction. Buyers should ensure that the sale price is not below the guideline value to avoid any legal complications during registration.

Frequently asked questions

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

The current guideline value of Kasthuribai Nagar 3rd 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 significantly from Rs 2,459 per sq.ft in 2003 to Rs 12,700 per sq.ft in 2024, reflecting an overall increase of 416% over this period.

What are the other streets in Kottur and their guideline values?

Other streets in Kottur include Kasthuribai Nagar 3rd Cross Road at Rs 11,000 per sq.ft, Kasthuribai Nagar 4th Cross Road at Rs 8,800 per sq.ft, and others, with values ranging from Rs 8,800 to Rs 12,700 per sq.ft as of 2024.

How is the stamp duty calculated for properties in Kasthuribai Nagar 3rd Main Road?

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

Where can I find the Sub Registrar Office for Kasthuribai Nagar 3rd Main Road?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find more information about it through the provided link.