Guideline Value

Corporate

Guideline Value for Kasthuribai Nagar 4th Main Road

₹8800/sq.ft.

The guideline value for Kasthuribai Nagar 4th Main 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 ₹5000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹2294 /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 4th Main Road

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Kasthuribai Nagar 4th Main Road guideline value

The current guideline value of Kasthuribai Nagar 4th Main Road is Rs 8,800 per sq.ft, effective from 1 July 2024. 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 Main Road has changed

The guideline value for Kasthuribai Nagar 4th Main Road has undergone several revisions over the years. In the 2003 revision, the value was Rs 2,294 per sq.ft. This increased significantly to Rs 5,000 per sq.ft in 2007, marking an increase of 118%. The value then rose to Rs 8,000 per sq.ft in 2012, reflecting a 60% increase from the previous revision. However, it saw a decrease of 33% in the 2017 revision, settling at Rs 5,360 per sq.ft. The value then jumped to Rs 8,000 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 8,800 per sq.ft, a 10% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 284%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Kottur

Kottur village has a total of 114 streets under the Adayar SRO, with guideline values ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value for these streets is Rs 6,100 per sq.ft, making the 2024 figure for Kasthuribai Nagar 4th Main Road above this median.

Stamp duty and registration fee for property in Kasthuribai Nagar 4th Main 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 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 the duty is charged on the higher of the guideline value or the sale price.

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

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

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

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 amount of stamp duty and registration fees payable during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations and to avoid any legal issues.

When registering a property, the guideline value serves as a benchmark for the transaction. The higher amount between the guideline value and the sale price is used to calculate the applicable duties and fees, ensuring that the government receives appropriate revenue from property transactions.

Frequently asked questions

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

The current guideline value of Kasthuribai Nagar 4th Main Road is Rs 8,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,294 per sq.ft in 2003 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of 284% over the years.

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

Kasthuribai Nagar 4th Main Road is classified as Residential Class I Type - I.

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

The Adayar Sub Registrar Office, which covers Kasthuribai Nagar 4th Main Road, is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is 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. For example, for a property valued at Rs 88,00,000, the stamp duty at 7% would be Rs 6,16,000.