Guideline Value

Corporate

Guideline Value for Naidu 2nd Cross Street

₹6100/sq.ft.

The guideline value for Naidu 2nd Cross Street in Adayar village (Adayar SRO, Chennai zone) is Rs 6100 per sq.ft, effective 1 July 2024. It was Rs 5500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Adayar

Village

Adayar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹6100 /sq.ft.
From 1-4-2023 ₹5500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3685 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2500 /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 Naidu 2nd Cross Street

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Naidu 2nd Cross Street guideline value

The current guideline value of Naidu 2nd Cross Street is Rs 6,100 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 Class II Type - I.

How the guideline value of Naidu 2nd Cross Street has changed

The guideline value for Naidu 2nd Cross Street has undergone several revisions over the years. The 2007 revision set the value at Rs 2,500 per sq.ft, which increased to Rs 5,500 per sq.ft in 2012. However, there was a significant drop to Rs 3,685 per sq.ft in 2017. The value then rose to Rs 5,500 per sq.ft in 2023, and the most recent revision in 2024 has set it at Rs 6,100 per sq.ft.

In terms of percentage changes, the guideline value increased by 120% from 2007 to 2012, decreased by 33% from 2012 to 2017, and saw a 49% increase from 2017 to 2023. From 2023 to 2024, there was an increase of 11%. Overall, from 2007 to 2024, the guideline value has increased by 144%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Adayar

Adayar village has a total of 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, which is equal to the current value of Naidu 2nd Cross Street.

Stamp duty and registration fee for property in Naidu 2nd Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 61,00,000. The stamp duty at 7% amounts to Rs 4,27,000, while the registration fee at 2% totals Rs 1,22,000, bringing the total to Rs 5,49,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Naidu 2nd Cross Street?

The Sub Registrar Office that covers Naidu 2nd Cross Street is 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 information.

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

The guideline value is crucial when buying or selling property in Adayar as it determines the minimum value at which the property can be registered. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these charges are based on a standardized valuation.

When a property transaction occurs, the buyer and seller must consider the guideline value to ensure compliance with local regulations. The registration process requires that the property is registered at or above the guideline value, which helps maintain transparency in property transactions.

Frequently asked questions

What is the current guideline value of Naidu 2nd Cross Street?

The current guideline value of Naidu 2nd Cross Street is Rs 6,100 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 2,500 per sq.ft in 2007 to Rs 6,100 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Naidu 2nd Cross Street?

Naidu 2nd Cross Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Naidu 2nd Cross Street?

The Sub Registrar Office for Naidu 2nd Cross Street is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone.

How is the stamp duty calculated for properties in Adayar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 61,00,000 would incur a stamp duty of Rs 4,27,000 at 7%.