Guideline Value

Corporate

Guideline Value for Kottur Garden 1st Main Road

₹9400/sq.ft.

The guideline value for Kottur Garden 1st Main Road 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 ₹4500 /sq.ft.
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 Kottur Garden 1st Main Road

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Kottur Garden 1st Main Road guideline value

The current guideline value of Kottur Garden 1st Main Road is Rs 9,400 per sq.ft. This road is located in Adayar village under the Adayar SRO, and the land classification is Residential Special Type - II.

How the guideline value of Kottur Garden 1st Main Road has changed

The guideline value for Kottur Garden 1st Main Road has undergone several revisions over the years. The 2007 revision set the value at Rs 4,500 per sq.ft, which increased to Rs 8,500 per sq.ft in 2012. However, this figure decreased by 33% to Rs 5,695 per sq.ft in 2017. Subsequently, the value rose significantly to Rs 8,500 per sq.ft in 2023, and the latest revision in 2024 has set the guideline value at Rs 9,400 per sq.ft, reflecting an 11% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 109%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Adayar

Adayar village has 92 streets under the Adayar SRO, with guideline values ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value among these streets is Rs 6,100 per sq.ft, making the 2024 guideline value of Kottur Garden 1st Main Road above the median.

Stamp duty and registration fee for property in Kottur Garden 1st 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, totaling Rs 8,46,000. The duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Kottur Garden 1st Main Road?

The Sub Registrar Office that covers Kottur Garden 1st 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 Adayar

The guideline value is an essential factor in the registration process when buying or selling property in Adayar. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the registration fees reflect the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of Kottur Garden 1st Main Road?

The current guideline value of Kottur Garden 1st Main Road is Rs 9,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since 2017, the guideline value has increased from Rs 5,695 per sq.ft to Rs 9,400 per sq.ft in 2024, marking a total increase of 49% from 2017 to 2023 and a further increase of 11% from 2023 to 2024.

What is the land classification for Kottur Garden 1st Main Road?

The land classification for Kottur Garden 1st Main Road is Residential Special Type - II.

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.

How is stamp duty calculated for properties on Kottur Garden 1st Main Road?

Stamp duty for properties on Kottur Garden 1st Main Road is calculated based on the higher of the guideline value or the sale price. For example, for a plot valued at Rs 94,00,000, the stamp duty would be Rs 6,58,000 at 7%.