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Guideline Value

Corporate

Guideline Value for Kasthuribai Nagar 8th Main Road

₹9400/sq.ft.

The guideline value for Kasthuribai Nagar 8th 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 8th Main Road

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Kasthuribai Nagar 8th Main Road guideline value

The current guideline value of Kasthuribai Nagar 8th 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 it falls under the Residential Special Type - I land classification.

How the guideline value of Kasthuribai Nagar 8th Main Road has changed

The guideline value for Kasthuribai Nagar 8th Main Road has undergone several revisions over the years. In 2012, the guideline value was Rs 8,500 per sq.ft. This figure 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, before reaching the current value of Rs 9,400 per sq.ft in 2024, marking an 11% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 11%. The largest jump occurred between 2017 and 2023, where the value rose by 49%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Pallipattu

Pallipattu village has a range of guideline values, with 72 streets under the Adayar SRO carrying a 2024 figure that ranges from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value is Rs 9,400 per sq.ft, which aligns with the current value of Kasthuribai Nagar 8th Main Road.

Stamp duty and registration fee for property in Kasthuribai Nagar 8th 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.

You can use our stamp duty and registration fee calculator for more details on fees applicable to your property.

Which Sub Registrar Office covers Kasthuribai Nagar 8th Main Road?

The Sub Registrar Office that covers Kasthuribai Nagar 8th Main Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can find your SRO.

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 value of a property for the purposes of stamp duty and registration fees. Buyers and sellers must consider this value to ensure compliance with local regulations during the transaction process.

When a property is bought or sold, the guideline value is used to calculate the applicable stamp duty and registration fees. This ensures that the government receives the correct revenue from property transactions, reflecting the market conditions as per the established guidelines.

Frequently asked questions

What is the current guideline value of Kasthuribai Nagar 8th Main Road?

The current guideline value of Kasthuribai Nagar 8th 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 from Rs 8,500 per sq.ft in 2012 to Rs 5,695 per sq.ft in 2017, then to Rs 8,500 per sq.ft in 2023, and finally to Rs 9,400 per sq.ft in 2024.

What is the land classification for Kasthuribai Nagar 8th Main Road?

The land classification for Kasthuribai Nagar 8th Main Road is Residential Special Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 94,00,000, the stamp duty would be Rs 6,58,000, and the registration fee would be Rs 1,88,000, totaling Rs 8,46,000.

Which office handles property registrations for Kasthuribai Nagar 8th Main Road?

The Adayar Sub Registrar Office handles property registrations for Kasthuribai Nagar 8th Main Road, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.