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Guideline Value

Corporate

Guideline Value for Kasthuribai Nagar 5th Main Road

₹9400/sq.ft.

The guideline value for Kasthuribai Nagar 5th Main Road in Pallipattu village (Adayar SRO, Chennai zone) is Rs 9400 per sq.ft, effective 1 July 2024. It was Rs 8500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallipattu

Village

Adayar

SRO

Residential Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹9400 /sq.ft.
From 1-4-2023 ₹8500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹5695 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹8500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹4000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1407 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹917 /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 9,400 per sq.ft, effective from 1 July 2024. This road is located in Pallipattu village and falls under the Adayar SRO. The land classification for this area is Residential Special 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 2002, the value was Rs 917 per sq.ft, which increased to Rs 1,407 per sq.ft in 2003, marking a change of +53%. The value continued to rise significantly, reaching Rs 4,000 per sq.ft in 2007, an increase of +184%. The 2012 revision saw a decrease to Rs 8,500 per sq.ft, a drop of -33%. However, it rebounded to Rs 5,695 per sq.ft in 2017, reflecting an increase of +49%. In 2023, the value was Rs 8,500 per sq.ft, and the latest revision in 2024 has set the guideline value at Rs 9,400 per sq.ft, which is an increase of +11% from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by +925%. There are no figures available for the revisions in the years not specified in the register for this street.

Guideline values in Pallipattu

Pallipattu village has a total of 72 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value for these streets is Rs 9,400 per sq.ft, which is equal to the current guideline value for Kasthuribai Nagar 5th Main Road.

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 9,400 per sq.ft, the total guideline value amounts to Rs 94,00,000. The stamp duty at 7% would be Rs 6,58,000, and the registration fee at 2% would be Rs 1,88,000, bringing the total to Rs 8,46,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

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 information.

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

The guideline value is an essential factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that they are based on the official valuation of the property.

It is crucial for buyers and sellers to be aware of the current guideline value, as it can impact the overall costs involved in the transaction. Understanding this value helps in making informed decisions during the buying or selling process.

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 9,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 917 per sq.ft in 2002 to Rs 9,400 per sq.ft in 2024, reflecting an overall increase of +925% over the years.

What is the role of the Adayar SRO?

The Adayar SRO is responsible for the registration of properties in the area, including those on Kasthuribai Nagar 5th Main Road. It ensures that transactions are conducted according to the established guidelines.

How is stamp duty calculated for properties in Pallipattu?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 94,00,000, the stamp duty would be calculated at 7% of this amount.

Where can I find more information about stamp duty and registration fees?

More information about stamp duty and registration fees can be found using the stamp duty and registration fee calculator available online.