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Guideline Value

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Guideline Value for Kottur Garden 2nd Main Road

₹9400/sq.ft.

The guideline value for Kottur Garden 2nd 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 ₹1585 /sq.ft.
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 2nd Main Road

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Kottur Garden 2nd Main Road guideline value

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

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

In the 2003 revision, the guideline value was Rs 1,585 per sq.ft. This figure saw a significant increase in the following years, with the 2007 revision marking Rs 4,500 per sq.ft, which was a rise of 184%. The 2012 revision brought it to Rs 8,500 per sq.ft, reflecting an increase of 89% from the previous figure. However, in 2017, the value dropped to Rs 5,695 per sq.ft, a decrease of 33%. The 2023 revision set the value at Rs 8,500 per sq.ft, which then increased to Rs 9,400 per sq.ft in 2024, marking an increase of 11%.

Overall, from 2003 to 2024, the guideline value has increased by 493%. It is important to note that the register has no figure for the year 2002 for this street.

Guideline values in Kottur

In Kottur village, there are 114 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value is Rs 6,100 per sq.ft, placing Kottur Garden 2nd Main Road's 2024 figure above this median.

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

For a 1,000 sq.ft plot at the current rate of Rs 9,400 per sq.ft, the 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 and the sale price.

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

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

The Kottur Garden 2nd Main Road falls under the Adayar Sub Registrar Office located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, in the Chennai registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Kottur. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The value is assessed based on the size and location of the property, ensuring that the fees are calculated fairly.

When selling property, the guideline value can influence the sale price, as it provides a benchmark for buyers and sellers. However, the actual sale price may vary based on negotiations and market conditions.

Frequently asked questions

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

The current guideline value of 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 seen several changes, starting from Rs 1,585 per sq.ft in 2003 to Rs 9,400 per sq.ft in 2024, reflecting an overall increase of 493% over the years.

What are the registration fees for property in Kottur Garden 2nd Main Road?

The registration fees are calculated based on the guideline value. For a property valued at Rs 94,00,000, the registration fee would be Rs 1,88,000 at 2%.

Which Sub Registrar Office is responsible for Kottur Garden 2nd Main Road?

The Adayar Sub Registrar Office at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, covers Kottur Garden 2nd Main Road.

What is the significance of the guideline value in property transactions?

The guideline value is significant as it determines the stamp duty and registration fees for property transactions. It serves as a benchmark for pricing during the buying and selling process.