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Guideline Value

Corporate

Guideline Value for Kottur Garden 3rd Main Road

₹9400/sq.ft.

The guideline value for Kottur Garden 3rd 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 3rd Main Road

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Kottur Garden 3rd Main Road guideline value

The current guideline value of Kottur Garden 3rd Main Road is Rs 9,400 per sq.ft, effective from 1 July 2024. This road 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 Main Road has changed

The guideline value for Kottur Garden 3rd Main Road has seen 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, there was a significant decrease of 33% to Rs 5,695 per sq.ft in 2017. The value then rose sharply to Rs 8,500 per sq.ft in 2023, followed by an increase of 11% to the current value of Rs 9,400 per sq.ft in 2024.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 109%. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

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, with a median value of Rs 6,100 per sq.ft. Kottur Garden 3rd Main Road's 2024 figure is above this median.

Stamp duty and registration fee for property in Kottur Garden 3rd 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 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 fees to Rs 8,46,000. It is important to note that 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 3rd Main Road?

The Kottur Garden 3rd Main Road is covered by the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. 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 critical factor during property transactions in Adayar, as it determines the minimum value at which a property can be registered. Buyers and sellers must consider this value when negotiating sale prices, as it influences the applicable stamp duty and registration fees.

When registering a property, the guideline value is compared with the sale price. The higher amount is used to calculate the stamp duty, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Kottur Garden 3rd Main Road?

The current guideline value of Kottur Garden 3rd 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 for property in Kottur Garden 3rd Main Road?

The stamp duty for property in Kottur Garden 3rd Main Road is 7% of the guideline value or sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 6,58,000 based on the current guideline value.

Which office handles registrations for Kottur Garden 3rd Main Road?

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

What is the land classification for Kottur Garden 3rd Main Road?

The land classification for Kottur Garden 3rd Main Road is Residential Special Type - II, indicating its suitability for residential development.