Guideline Value

Corporate

Guideline Value for Kottur Garden 1st Main Road

₹9400/sq.ft.

The guideline value for Kottur Garden 1st Main Road in Kottur 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

Kottur

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 ₹4500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1669 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1442 /sq.ft.
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 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, effective from 1 July 2024. This street is located in Kottur village and falls under the Adayar SRO. The land classification for this area is Residential Special Type - I.

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

Since the year 2002, the guideline value for Kottur Garden 1st Main Road has seen significant changes. The value started at Rs 1,442 per sq.ft in 2002, and by 2003 it increased to Rs 1,669 per sq.ft, marking a change of +16%. The value continued to rise to Rs 4,500 per sq.ft in 2007, which was a substantial increase of +170%. However, it then decreased to Rs 8,500 per sq.ft in 2012, reflecting a decline of -33%. The value saw another increase to Rs 5,695 per sq.ft in 2017, representing a growth of +49%. In 2023, the value was Rs 8,500 per sq.ft, before reaching the current figure of Rs 9,400 per sq.ft in 2024, which is an increase of +11%.

Overall, from 2002 to 2024, the guideline value has increased by +552%. It is important to note that there are no revision figures for the years not listed in the register for this street.

Guideline values in Kottur

Kottur village has a total of 114 streets under the Adayar SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value for these streets is Rs 6,100 per sq.ft, making the current guideline value of Kottur Garden 1st Main Road above that 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, while the registration fee at 2% would be Rs 1,88,000. Together, the total cost for these fees would be 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 use the stamp duty and registration fee calculator for more detailed calculations.

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

The Kottur Garden 1st Main Road is covered by 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 Kottur

The guideline value is a crucial factor when registering property transactions in Kottur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the fair valuation of the property. It is essential to consider this value to avoid discrepancies during the registration process.

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 has the guideline value changed over the years?

The guideline value has changed significantly from Rs 1,442 per sq.ft in 2002 to Rs 9,400 per sq.ft in 2024, reflecting an overall increase of +552%.

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

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

What other streets have the same guideline value?

Other streets in Kottur that share the same guideline value of Rs 9,400 per sq.ft in 2024 include Kottur Garden 2nd Main Road, Kottur Garden 3rd Main Road, Kottur Garden 4th Main Road, and Krishnamachari Avenue.

Where can I find the Sub Registrar Office for Kottur Garden 1st Main Road?

The Adayar Sub Registrar Office covers Kottur Garden 1st Main Road and is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.