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Guideline Value

Corporate

Guideline Value for Kasthuribai Nagar 4th Cross Road

₹8800/sq.ft.

The guideline value for Kasthuribai Nagar 4th Cross Road in Kottur village (Adayar SRO, Chennai zone) is Rs 8800 per sq.ft, effective 1 July 2024. It was Rs 8000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottur

Village

Adayar

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹8800 /sq.ft.
From 1-4-2023 ₹8000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5360 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹4500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1154 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1071 /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 4th Cross Road

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Kasthuribai Nagar 4th Cross Road guideline value

The current guideline value of Kasthuribai Nagar 4th Cross Road is Rs 8,800 per sq.ft. This road is located in Kottur village, under the Adayar SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kasthuribai Nagar 4th Cross Road has changed

The guideline value for Kasthuribai Nagar 4th Cross Road has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 1,071 per sq.ft. In 2003, it increased to Rs 1,154 per sq.ft, marking an 8% rise. The 2007 revision saw a significant jump to Rs 4,500 per sq.ft, which was a 290% increase. In 2012, the value adjusted to Rs 8,000 per sq.ft, reflecting a decrease of 33% from the previous revision. The 2017 revision set the value at Rs 5,360 per sq.ft, showing a 49% increase. The 2023 revision brought the value back to Rs 8,000 per sq.ft, and the latest revision in 2024 has set it at Rs 8,800 per sq.ft, which is a 10% increase.

Throughout these revisions, there were no figures available for the years not mentioned in the register for this street. The overall change from 2002 to 2024 is an increase of 722% in the guideline value.

Guideline values in Kottur

Kottur village features 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 value for these streets is Rs 6,100 per sq.ft, placing the guideline value of Kasthuribai Nagar 4th Cross Road above this median.

Stamp duty and registration fee for property in Kasthuribai Nagar 4th Cross Road

For a 1,000 sq.ft plot at the current guideline value of Rs 8,800 per sq.ft, the total guideline value would be Rs 88,00,000. The stamp duty, charged at 7%, would amount to Rs 6,16,000, while the registration fee at 2% would be Rs 1,76,000. Together, these fees would total Rs 7,92,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kasthuribai Nagar 4th Cross Road?

The Sub Registrar Office that covers Kasthuribai Nagar 4th 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 details.

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

The guideline value plays a crucial role in the registration process of property transactions in Kottur. It serves as a benchmark for determining the minimum value at which a property can be registered. When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees.

During the registration process, buyers and sellers must ensure that the sale price is either equal to or higher than the guideline value. This ensures compliance with the regulations set by the Registration Department.

Frequently asked questions

What is the current guideline value of Kasthuribai Nagar 4th Cross Road?

The current guideline value of Kasthuribai Nagar 4th Cross Road is Rs 8,800 per sq.ft as per the 2024 revision.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,071 per sq.ft in 2002 to Rs 8,800 per sq.ft in 2024, showing an overall increase of 722%.

What is the registration office for this area?

The registration office for Kasthuribai Nagar 4th Cross Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same amount.

What is the land classification for Kasthuribai Nagar 4th Cross Road?

The land classification for Kasthuribai Nagar 4th Cross Road is Residential Class I Type - I.