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Guideline Value

Corporate

Guideline Value for Kasthuribai Nagar Arangannal Salai

₹6100/sq.ft.

The guideline value for Kasthuribai Nagar Arangannal Salai in Kottur village (Adayar SRO, Chennai zone) is Rs 6100 per sq.ft, effective 1 July 2024. It was Rs 5500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottur

Village

Adayar

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹6100 /sq.ft.
From 1-4-2023 ₹5500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3685 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹569 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹528 /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 Arangannal Salai

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Kasthuribai Nagar Arangannal Salai guideline value

The current guideline value for Kasthuribai Nagar Arangannal Salai is Rs 6,100 per sq.ft, effective from 1 July 2024. This street is located in Kottur village, under the Adayar SRO, and is classified as Residential Class III Type - I.

How the guideline value of Kasthuribai Nagar Arangannal Salai has changed

The guideline value for Kasthuribai Nagar Arangannal Salai has undergone several revisions over the years. In 2002, the guideline value was Rs 528 per sq.ft. This increased to Rs 569 per sq.ft in 2003, marking an 8% rise. The value saw a significant jump to Rs 2,500 per sq.ft in 2007, which was a 339% increase. The next revision in 2012 brought the value to Rs 5,500 per sq.ft, representing a 120% increase. However, in 2017, the value decreased to Rs 3,685 per sq.ft, a drop of 33%. The guideline value then rose to Rs 5,500 per sq.ft in 2023, followed by the current figure of Rs 6,100 per sq.ft in 2024, which is an 11% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 1055%. The register has no figure for revisions in years other than those mentioned.

Guideline values in Kottur

In Kottur village, there are 114 streets under the Adayar SRO that have a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft, with the median being Rs 6,100 per sq.ft. The guideline value for Kasthuribai Nagar Arangannal Salai matches this median.

Stamp duty and registration fee for property in Kasthuribai Nagar Arangannal Salai

For a 1,000 sq.ft plot at the current guideline value of Rs 6,100 per sq.ft, the total guideline value would be Rs 61,00,000. The stamp duty at 7% would amount to Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, making the total Rs 5,49,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Kasthuribai Nagar Arangannal Salai?

The Sub Registrar Office that covers Kasthuribai Nagar Arangannal Salai 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 crucial factor in property transactions in Kottur. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations during the registration process.

When a property is registered, the stamp duty is calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate fees based on the property's assessed value.

Frequently asked questions

What is the current guideline value for Kasthuribai Nagar Arangannal Salai?

The current guideline value for Kasthuribai Nagar Arangannal Salai is Rs 6,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 528 per sq.ft in 2002 to Rs 6,100 per sq.ft in 2024, reflecting an overall increase of 1055% over the years.

What is the classification of land in Kasthuribai Nagar Arangannal Salai?

The land classification for Kasthuribai Nagar Arangannal Salai is Residential Class III Type - I.

Where can I find the Sub Registrar Office for this area?

The Adayar Sub Registrar Office covers Kasthuribai Nagar Arangannal Salai, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Kottur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. This ensures that the appropriate fees are collected during the registration process.