Guideline Value

Corporate

Guideline Value for Kottur Garden 1st Loop Street

₹9400/sq.ft.

The guideline value for Kottur Garden 1st Loop Street in Adayar 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 - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Adayar

Village

Adayar

SRO

Residential Special Type - II
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)

51, Kamaraj Avenue,second Street, Adyar, Chennai-20
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 Kottur Garden 1st Loop Street

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Kottur Garden 1st Loop Street guideline value

The current guideline value of Kottur Garden 1st Loop Street is Rs 9,400 per sq.ft, effective from 1 July 2024. This street is located in Adayar village and falls under the Adayar SRO. The land classification for this area is Residential Special Type - II.

How the guideline value of Kottur Garden 1st Loop Street has changed

The guideline value for Kottur Garden 1st Loop Street has seen several revisions over the years. The 2012 revision set the value at Rs 8,500 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 5,695 per sq.ft. The value remained at Rs 8,500 per sq.ft until the 2023 revision, which increased it to Rs 8,500 per sq.ft. The most recent 2024 revision has raised the value to Rs 9,400 per sq.ft, marking an increase of 11% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 in the register for this street.

Guideline values in Adayar

In Adayar, there are 92 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value in this area is Rs 6,100 per sq.ft, which means that Kottur Garden 1st Loop Street's 2024 figure is above this median.

Stamp duty and registration fee for property in Kottur Garden 1st Loop Street

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 or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Kottur Garden 1st Loop Street?

The Kottur Garden 1st Loop Street is covered by the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. To find your SRO, you can visit this link.

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

The guideline value is an essential reference for property transactions in Adayar, as it determines the minimum value at which properties can be registered. When buying or selling property, this value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of ownership.

It is crucial for buyers and sellers to be aware of the guideline value to ensure compliance with local regulations and to avoid any discrepancies during the registration process. Understanding this value helps in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Kottur Garden 1st Loop Street?

The current guideline value of Kottur Garden 1st Loop Street 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 back 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 Kottur Garden 1st Loop Street?

The land classification for Kottur Garden 1st Loop Street is Residential Special Type - II.

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 registrations for Kottur Garden 1st Loop Street?

The Adayar Sub Registrar Office handles registrations for Kottur Garden 1st Loop Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.