Guideline Value

Corporate

Guideline Value for Kasthuribai Nagar 3rd Main Road

₹12700/sq.ft.

The guideline value for Kasthuribai Nagar 3rd 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 ₹4000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹2459 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹2249 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

51, Kamaraj Avenue,second Street, Adyar, Chennai-20
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 Pallipattu village under the Adayar SRO, and it falls under the Commercial Class I Type - II land classification.

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

The guideline value for Kasthuribai Nagar 3rd Main Road has seen significant changes over the years. In 2002, the guideline value was Rs 2,249 per sq.ft. It increased to Rs 2,459 per sq.ft in 2003, marking a 9% rise. The value then rose to Rs 4,000 per sq.ft in 2007, which was a substantial increase of 63%. By 2012, the value was Rs 11,500 per sq.ft, representing a remarkable 188% increase from the previous revision. However, there was a decrease of 33% to Rs 7,705 per sq.ft in 2017. The value then climbed back up to Rs 11,500 per sq.ft in 2023, before reaching the current rate of Rs 12,700 per sq.ft in 2024, which is a 10% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 465%. The register has no figures for years other than those listed above.

Guideline values in Pallipattu

Pallipattu village has a range of guideline values across its 72 streets under the Adayar SRO, with the 2024 figures ranging 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 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 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 to Rs 11,43,000. It is important to note that 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 Main Road?

The Sub Registrar Office that covers Kasthuribai Nagar 3rd Main Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for further assistance.

How the guideline value is used when you buy or sell in Pallipattu

The guideline value plays a crucial role in property transactions in Pallipattu. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

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 fees. 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 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 much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 2,249 per sq.ft in 2002 to Rs 12,700 per sq.ft in 2024, which is a total increase of 465% over the years.

What are the other streets in Pallipattu with their guideline values?

Other streets in Pallipattu have varying guideline values, with rates ranging from Rs 3,300 to Rs 15,400 per sq.ft. For example, Kasthuribai Nagar 2nd Main Road has a value of Rs 12,700 per sq.ft in 2024.

What is the registration fee for property in Kasthuribai Nagar 3rd Main Road?

The registration fee for property in Kasthuribai Nagar 3rd Main Road is calculated based on the guideline value. For a property valued at Rs 1,27,00,000, the registration fee at 2% would be Rs 2,54,000.

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

The Sub Registrar Office for Kasthuribai Nagar 3rd Main Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.