Guideline Value

Corporate

Guideline Value for Kasthuribai Nagar 5th Main Road

₹8800/sq.ft.

The guideline value for Kasthuribai Nagar 5th 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 ₹1407 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1252 /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 5th Main Road

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Kasthuribai Nagar 5th Main Road guideline value

The current guideline value of Kasthuribai Nagar 5th Main Road is Rs 8,800 per sq.ft, effective from 1 July 2024. This street 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 5th Main Road has changed

The guideline value for Kasthuribai Nagar 5th Main Road has seen several revisions over the years. In the 2002 revision, the value was Rs 1,252 per sq.ft, which increased to Rs 1,407 per sq.ft in 2003, marking a change of +12%. The value then surged significantly to Rs 5,000 per sq.ft in 2007, reflecting a notable increase of +255%. Following this, the 2012 revision saw a decrease to Rs 8,000 per sq.ft, a drop of -33%. In 2017, the value rose to Rs 5,360 per sq.ft, which was a +49% change from the previous revision. The guideline value increased again to Rs 8,000 per sq.ft in 2023, before reaching the current value of Rs 8,800 per sq.ft in 2024, which is a +10% increase.

It is important to note that the register has no figures for the years between these revisions that are not listed. Overall, from 2002 to 2024, the guideline value has increased by +603%.

Guideline values in Kottur

Kottur village has a range of guideline values for its streets, with 114 streets under the Adayar SRO carrying a 2024 figure that ranges 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, placing the current value of Kasthuribai Nagar 5th Main Road above this median.

Stamp duty and registration fee for property in Kasthuribai Nagar 5th 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, the total fees would be Rs 7,92,000. Please note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Kasthuribai Nagar 5th Main Road?

The Sub Registrar Office that covers Kasthuribai Nagar 5th 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. It serves as a reference point for determining the stamp duty and registration fees when buying or selling property. The fees are calculated based on the higher of the guideline value or the sale price, ensuring that the government receives appropriate revenue from property transactions.

When registering a property, buyers must be aware of the current guideline value, as it directly influences the overall cost of the transaction. Understanding the guideline value helps in budgeting for additional costs associated with property ownership.

Frequently asked questions

What is the current guideline value for Kasthuribai Nagar 5th Main Road?

The current guideline value for Kasthuribai Nagar 5th 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 significantly from Rs 1,252 per sq.ft in 2002 to Rs 8,800 per sq.ft in 2024, reflecting an overall increase of +603% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 88,00,000, the stamp duty would be Rs 6,16,000 and the registration fee would be Rs 1,76,000, totaling Rs 7,92,000.

What is the classification of land on Kasthuribai Nagar 5th Main Road?

The land classification for Kasthuribai Nagar 5th Main Road is Residential Class I Type - I.

Which office handles registrations for properties in Kottur?

The Adayar Sub Registrar Office handles registrations for properties in Kottur, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.