Guideline Value

Corporate

Guideline Value for Kavery Nagar (Main Road)

₹3300/sq.ft.

The guideline value for Kavery Nagar (main Road) in Kottivakkam village (Adayar SRO, Chennai zone) is Rs 3300 per sq.ft, effective 1 July 2024. It was Rs 3000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottivakkam

Village

Adayar

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹3300 /sq.ft.
From 1-4-2023 ₹3000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2010 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3000 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2200 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹606 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹510 /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 Kavery Nagar (main Road)

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Kavery Nagar (Main Road) guideline value

The current guideline value for Kavery Nagar (Main Road) is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village under the Adayar SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Kavery Nagar (Main Road) has changed

The guideline value for Kavery Nagar (Main Road) has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 510 per sq.ft. It increased significantly to Rs 606 per sq.ft in 2003, marking a 19% rise. The value continued to grow, reaching Rs 2,200 per sq.ft in 2007, which was a substantial increase of 263%. However, it saw a decrease to Rs 3,000 per sq.ft in 2012, a drop of 33%. The value then rose again to Rs 2,010 per sq.ft in 2017, followed by an increase to Rs 3,000 per sq.ft in 2023, before reaching the current value of Rs 3,300 per sq.ft in 2024, which is a 10% increase from the previous year.

From 2017 to 2023, the value increased by 49%. Overall, from 2002 to 2024, the guideline value has increased by 547%. The register has no figures for the years not mentioned in the revisions.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO, with a 2024 guideline value range from Rs 1,700 to Rs 8,500 per sq.ft. The median guideline value for the village is Rs 3,900 per sq.ft, making the current value of Kavery Nagar (Main Road) below this median.

Stamp duty and registration fee for property in Kavery Nagar (Main Road)

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value amounts to Rs 33,00,000. The stamp duty at 7% would be Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total fees together to Rs 2,97,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kavery Nagar (Main Road)?

The Sub Registrar Office that covers Kavery Nagar (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 Kottivakkam

The guideline value is a crucial factor in property transactions in Kottivakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties are aware of the financial obligations involved in the transaction.

During the registration process, the buyer must pay the stamp duty based on the higher value between the guideline value and the sale price. This ensures that the government receives appropriate revenue from property transactions, reflecting the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Kavery Nagar (Main Road)?

The current guideline value of Kavery Nagar (Main Road) is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 510 per sq.ft in 2002 to Rs 3,300 per sq.ft in 2024, reflecting a total increase of 547% over the years.

What is the range of guideline values in Kottivakkam village?

The guideline values in Kottivakkam village range from Rs 1,700 to Rs 8,500 per sq.ft, with a median value of Rs 3,900 per sq.ft.

What are the stamp duty and registration fees for property in Kavery Nagar (Main Road)?

For a 1,000 sq.ft plot, the total guideline value is Rs 33,00,000, resulting in a stamp duty of Rs 2,31,000 and a registration fee of Rs 66,000, totaling Rs 2,97,000.

Which office handles the registration for Kavery Nagar (Main Road)?

The Adayar Sub Registrar Office handles the registration for Kavery Nagar (Main Road), located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.