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Guideline Value

Corporate

Guideline Value for Kasthuribai Nagar 7th Main Road

₹9400/sq.ft.

The guideline value for Kasthuribai Nagar 7th 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 N/A
From 1-4-2003 To 31-7-2007 N/A
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 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 9,400 per sq.ft, effective from 1 July 2024. This street is located in Pallipattu village, under the Adayar SRO, and is classified as Residential Special Type - I.

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

Over the years, the guideline value of Kasthuribai Nagar 7th Main Road has experienced several revisions. The 2012 revision set the value at Rs 8,500 per sq.ft, which then decreased to Rs 5,695 per sq.ft in 2017. Following this, the value increased significantly to Rs 8,500 per sq.ft in 2023, and the most recent revision in 2024 raised it to Rs 9,400 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value increased by 49%. The change from 2023 to 2024 is an increase of 11%. Overall, comparing the values from 2012 to 2024, there has been an increase of 11%.

Guideline values in Pallipattu

Pallipattu village has a range of guideline values across its 72 streets under the Adayar SRO, with figures varying from Rs 3,300 to Rs 15,400 per sq.ft. The median value is Rs 9,400 per sq.ft, which is the same as the current guideline value for Kasthuribai Nagar 7th Main Road.

Stamp duty and registration fee for property in Kasthuribai Nagar 7th 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, bringing the total cost for these fees to Rs 8,46,000. It is important to note that 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 specific calculations.

Which Sub Registrar Office covers Kasthuribai Nagar 7th Main Road?

The Sub Registrar Office covering 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 information.

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

The guideline value is a crucial factor in property transactions in Pallipattu. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees, ensuring that both parties are aware of the financial implications involved.

During the registration process, the guideline value is used to assess the taxes owed on the transaction. This ensures that the government receives the appropriate revenue from property transactions, and it provides a transparent method for evaluating property values in the area.

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

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase from Rs 8,500 per sq.ft in 2023 to Rs 9,400 per sq.ft in 2024, marking an 11% increase. The value had previously decreased from Rs 8,500 per sq.ft in 2012 to Rs 5,695 per sq.ft in 2017.

What is the land classification for Kasthuribai Nagar 7th Main Road?

The land classification for Kasthuribai Nagar 7th Main Road is Residential Special Type - I, indicating its suitability for residential development.

Where can I find the Adayar Sub Registrar Office?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. This office handles the registration of properties in the area.

How is stamp duty calculated for properties in Kasthuribai Nagar 7th Main Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft property at the guideline value of Rs 9,400 per sq.ft, the total guideline value would be Rs 94,00,000, leading to a stamp duty of Rs 6,58,000.