Guideline Value

Corporate

Guideline Value for Kottur Garden 3rd Loop Street

₹9400/sq.ft.

The guideline value for Kottur Garden 3rd 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 3rd Loop Street

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Kottur Garden 3rd Loop Street guideline value

The current guideline value of Kottur Garden 3rd 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 3rd Loop Street has changed

The guideline value for Kottur Garden 3rd Loop Street has undergone several revisions over the years. The most recent revision in 2024 set the value at Rs 9,400 per sq.ft, which is an increase of 11% from the 2023 revision of Rs 8,500 per sq.ft. Prior to this, in 2017, the guideline value was Rs 5,695 per sq.ft, marking a significant increase of 49% when compared to the 2023 figure. The 2012 revision also recorded a value of Rs 8,500 per sq.ft, which represented a decrease of 33% from the 2017 value.

It is important to note that there are no recorded figures for Kottur Garden 3rd Loop Street in the years 2002, 2003, and 2007. Overall, from 2012 to 2024, the guideline value has increased by 11%.

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 for these streets is Rs 6,100 per sq.ft, placing Kottur Garden 3rd Loop Street's 2024 figure above this median.

Stamp duty and registration fee for property in Kottur Garden 3rd 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 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, bringing the total to Rs 8,46,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Kottur Garden 3rd Loop Street?

The Kottur Garden 3rd Loop Street falls under the Adayar Sub Registrar Office located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor during the registration of property transactions in Adayar. It serves as a benchmark for determining the stamp duty and registration fees, ensuring that these charges are calculated based on the established values for each street.

When buying or selling property, it is important to refer to the current guideline value, as it directly influences the financial obligations of both the buyer and the seller. Proper understanding of these values can help in making informed decisions during property transactions.

Frequently asked questions

What is the current guideline value of Kottur Garden 3rd Loop Street?

The current guideline value of Kottur Garden 3rd 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 2023 to Rs 9,400 per sq.ft in 2024. It was Rs 5,695 per sq.ft in 2017 and Rs 8,500 per sq.ft in 2012.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total cost would be Rs 8,46,000.

Which office handles registrations for Kottur Garden 3rd Loop Street?

The Adayar Sub Registrar Office handles registrations for Kottur Garden 3rd Loop Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the median guideline value for streets in Adayar?

The median guideline value for the 92 streets in Adayar under the Adayar SRO is Rs 6,100 per sq.ft, with Kottur Garden 3rd Loop Street's value being above this median.