Guideline Value

Corporate

Guideline Value for Kasthuribai Nagar 6th Main Road

₹9400/sq.ft.

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

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Kasthuribai Nagar 6th Main Road guideline value

The current guideline value for Kasthuribai Nagar 6th Main Road is Rs 9,400 per sq.ft, effective from 1 July 2024. This road is located in Pallipattu village under the Adayar SRO, with a land classification of Residential Special 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 several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 917 per sq.ft. This figure increased significantly to Rs 1,349 per sq.ft in 2003, marking a 47% rise. The value continued to grow, reaching Rs 4,000 per sq.ft in 2007, which was a substantial increase of 197% from the previous revision.

In 2012, the guideline value was adjusted to Rs 8,500 per sq.ft, reflecting a 113% increase from 2007. However, it then decreased to Rs 5,695 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 8,500 per sq.ft in 2023, and most recently, it has increased to Rs 9,400 per sq.ft in 2024, which is an 11% rise from the previous year. Overall, from 2002 to 2024, the guideline value has increased by 925%.

Guideline values in Pallipattu

Pallipattu village has 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 value is Rs 9,400 per sq.ft, which is equal to the 2024 figure for Kasthuribai Nagar 6th Main Road.

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

For more information, 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 details.

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

The guideline value is a crucial factor when registering property transactions in Pallipattu. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate stamp duty and registration fees. This ensures that all transactions are conducted fairly and transparently, based on the established values set by the Registration Department.

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

How has the guideline value changed over the years?

The guideline value has changed significantly over the years, increasing from Rs 917 per sq.ft in 2002 to Rs 9,400 per sq.ft in 2024, representing an overall increase of 925%.

What is the registration fee for property in Kasthuribai Nagar 6th Main Road?

The registration fee for property transactions is 2% of the guideline value. For a property valued at Rs 94,00,000, the registration fee would be Rs 1,88,000.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Pallipattu?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions.