Guideline Value for Kottur Garden 2nd Main Road

Kottur Garden 2nd Main Road guideline value

The current guideline value for Kottur Garden 2nd Main Road is Rs 9,400 per sq.ft, effective from 1 July 2024. This street is located in Adayar village, under the Adayar SRO, and is classified as Residential Special Type - II.

How the guideline value of Kottur Garden 2nd Main Road has changed

Over the years, the guideline value for Kottur Garden 2nd Main Road has seen several revisions. 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, there was a significant drop to Rs 5,695 per sq.ft in 2017. The value then rose to Rs 8,500 per sq.ft in 2023, before reaching the current figure of Rs 9,400 per sq.ft in 2024. Notably, the register has no figures for the years 2002 and 2003.

From 2017 to 2023, the value increased by 49%, followed by an 11% rise from 2023 to 2024. The overall change from 2007 to 2024 reflects a substantial increase of 109% in the guideline value.

Guideline values in Adayar

Adayar village features 92 streets under the Adayar SRO, with guideline values 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, positioning Kottur Garden 2nd Main Road above this median.

• Kottur Garden 2nd Loop Street: Rs 9,400 per sq.ft (2024)
• Kottur Garden 3rd Loop Street: Rs 9,400 per sq.ft (2024)
• Kottur Garden 1st Main Road: Rs 9,400 per sq.ft (2024)
• Kottur Garden 3rd Main Road: Rs 9,400 per sq.ft (2024)
• Kottur Garden 1st Loop Street: Rs 9,400 per sq.ft (2024)
• Kottur Garden 4th Main Road: Rs 9,400 per sq.ft (2024)

Stamp duty and registration fee for property in Kottur Garden 2nd Main Road

For a 1,000 sq.ft plot at the current guideline value, 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, making the total cost Rs 8,46,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Kottur Garden 2nd Main Road?

The Kottur Garden 2nd Main Road falls under the jurisdiction of the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property registration in Adayar. It serves as the minimum value for determining the stamp duty and registration fees payable when a property is bought or sold.

When registering a property, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the transaction is recorded accurately in accordance with the prevailing regulations.

Frequently asked questions

What is the current guideline value for Kottur Garden 2nd Main Road?

The current guideline value for Kottur Garden 2nd 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 from Rs 4,500 per sq.ft in 2007 to Rs 9,400 per sq.ft in 2024, reflecting an overall increase of 109% over the years.

What is the stamp duty rate for properties in Kottur Garden 2nd Main Road?

The stamp duty rate for properties in Kottur Garden 2nd Main Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How can I calculate the registration fee for my property?

You can calculate the registration fee for your property using the stamp duty and registration fee calculator available online.