Guideline Value

Corporate

Guideline Value for Kasthuribai Nagar 6th Main Road

₹8800/sq.ft.

The guideline value for Kasthuribai Nagar 6th 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 ₹1349 /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 6th Main Road

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Kasthuribai Nagar 6th Main Road guideline value

The current guideline value of Kasthuribai Nagar 6th Main Road is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Kottur village under the Adayar Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Kasthuribai Nagar 6th Main Road has changed

The guideline value for Kasthuribai Nagar 6th Main Road has seen significant changes over the years. In 2003, the value was Rs 1,349 per sq.ft, which increased to Rs 5,000 per sq.ft in 2007. Following this, the value rose to Rs 8,000 per sq.ft in 2012, but then saw a decrease to Rs 5,360 per sq.ft in 2017. The value then increased to Rs 8,000 per sq.ft in 2023, and most recently, it has risen to Rs 8,800 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, there was a notable increase of 49%. The 2012 to 2017 period saw a decline of 33%. The value increased by 60% from 2007 to 2012 and saw a remarkable 271% rise from 2003 to 2007. Overall, from 2003 to 2024, the guideline value has increased by 552%. It is important to note that the register has no figure for this street for the year 2002.

Guideline values in Kottur

In Kottur, there are 114 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft, with a median value of Rs 6,100 per sq.ft. The guideline value for Kasthuribai Nagar 6th Main Road is above this median.

Stamp duty and registration fee for property in Kasthuribai Nagar 6th 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, and the registration fee at 2% would be Rs 1,76,000, bringing the total fees together to 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 detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kasthuribai Nagar 6th Main Road?

The Sub Registrar Office that covers Kasthuribai Nagar 6th 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 Kottur

The guideline value is a critical factor when registering property in Kottur. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate taxes based on the property's value.

When buying or selling property, the guideline value helps in determining the minimum value at which the property can be registered. This ensures transparency in property transactions and helps maintain a standard for property valuations in the region.

Frequently asked questions

What is the current guideline value of Kasthuribai Nagar 6th Main Road?

The current guideline value of Kasthuribai Nagar 6th 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, with an increase from Rs 1,349 per sq.ft in 2003 to Rs 8,800 per sq.ft in 2024. There have been fluctuations, including a decrease from Rs 8,000 per sq.ft in 2012 to Rs 5,360 per sq.ft in 2017.

What are the stamp duty and registration fees for a property 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. These fees are based on the guideline value or the sale price, whichever is higher.

Which office handles the registration for Kasthuribai Nagar 6th Main Road?

The Adayar Sub Registrar Office handles the registration for properties on Kasthuribai Nagar 6th Main Road, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the land classification for this street?

Kasthuribai Nagar 6th Main Road is classified as Residential Class I Type - I, indicating its designation for residential use within the guidelines set by the local authorities.