Guideline Value

Corporate

Guideline Value for Kasthuribai Nagar 7th Main Road

₹8800/sq.ft.

The guideline value for Kasthuribai Nagar 7th 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 ₹5200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1349 /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 7th Main Road

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Kasthuribai Nagar 7th Main Road guideline value

The current guideline value of Kasthuribai Nagar 7th Main Road is Rs 8,800 per sq.ft, effective from 1 July 2024. This street is located in Kottur village, under the jurisdiction of the Adayar SRO, and is classified as Residential Class I Type - I.

How the guideline value of Kasthuribai Nagar 7th Main Road has changed

The guideline value for Kasthuribai Nagar 7th Main Road has seen significant changes over the years. In 2002, the guideline value was Rs 1,252 per sq.ft. This increased to Rs 1,349 per sq.ft in 2003, marking an 8% rise. By 2007, the value further increased to Rs 5,200 per sq.ft, showing a substantial growth of 285%. The value then rose to Rs 8,000 per sq.ft in 2012, which was a 54% increase. However, it dropped to Rs 5,360 per sq.ft in 2017, reflecting a decrease of 33%. The guideline value then climbed 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.

Overall, from 2002 to 2024, the guideline value has increased by 603%. The register has no figures for the years between 2012 and 2017 for this street.

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 7th Main Road is above this median.

Stamp duty and registration fee for property in Kasthuribai Nagar 7th Main Road

For a 1,000 sq.ft plot at the current rate of Rs 8,800 per sq.ft, the guideline value amounts to Rs 88,00,000. The stamp duty at 7% would be Rs 6,16,000, and the registration fee at 2% would be Rs 1,76,000, totaling Rs 7,92,000. 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 7th Main Road?

The Sub Registrar Office that covers Kasthuribai Nagar 7th 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 critical factor in the property registration process in Kottur. It serves as a benchmark for determining the minimum value of a property, which is essential for calculating stamp duty and registration fees during a transaction.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. It is important for buyers and sellers to be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Kasthuribai Nagar 7th Main Road?

The current guideline value of Kasthuribai Nagar 7th Main Road is Rs 8,800 per sq.ft, effective from 1 July 2024.

How much 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, which is an overall increase of 603% over the years.

What is the registration office for Kasthuribai Nagar 7th Main Road?

The registration office for Kasthuribai Nagar 7th Main Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How do stamp duty and registration fees work?

Stamp duty and registration fees are calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a 1,000 sq.ft plot at the current rate has a total guideline value of Rs 88,00,000.

What are the other streets in Kottur with similar guideline values?

Other streets in Kottur with similar guideline values include Kasthuribai Nagar 6th Main Road, 5th Main Road, 4th Main Road, and 4th Cross Road, all valued at Rs 8,800 per sq.ft in 2024.