Guideline Value

Corporate

Guideline Value for Naidu Lane 1 Street

₹6100/sq.ft.

The guideline value for Naidu Lane 1 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 ₹2000 /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 Lane 1 Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Naidu Lane 1 Street guideline value

The current guideline value of Naidu Lane 1 Street is Rs 6,100 per sq.ft, effective from 1 July 2024. This street is located in Adayar village, under the Adayar SRO, with a land classification of Residential Class II Type - I.

How the guideline value of Naidu Lane 1 Street has changed

The guideline value for Naidu Lane 1 Street has seen several revisions over the years. In 2007, the value was Rs 2,000 per sq.ft, which increased significantly to Rs 5,500 per sq.ft in 2012. However, it dropped to Rs 3,685 per sq.ft in 2017, before rising again to Rs 5,500 per sq.ft in 2023, and finally reaching Rs 6,100 per sq.ft in 2024.

Between the revisions, the changes were as follows: from 2007 to 2012, there was a remarkable increase of 175%. However, from 2012 to 2017, the value decreased by 33%. The value then increased by 49% from 2017 to 2023, followed by an 11% rise from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 205%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Adayar

Adayar village has 92 streets under the Adayar SRO, with guideline values ranging from Rs 3,300 to Rs 15,400 per sq.ft as of 2024. The median guideline value is Rs 6,100 per sq.ft, placing Naidu Lane 1 Street at this median value.

Stamp duty and registration fee for property in Naidu Lane 1 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,100 per sq.ft, the total guideline value amounts to Rs 61,00,000. The stamp duty at 7% would be Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, bringing the total fees to Rs 5,49,000. Note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Naidu Lane 1 Street?

The Sub Registrar Office that covers Naidu Lane 1 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 further assistance.

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

The guideline value plays a crucial role in property transactions in Adayar. It is used to determine the stamp duty and registration fees that buyers need to pay when purchasing property. The amount of duty is calculated based on the higher of the guideline value or the actual sale price of the property.

When selling property, the guideline value ensures that all transactions are conducted at a fair price, reflecting the current market conditions. Buyers and sellers should be aware of the guideline value to ensure compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Naidu Lane 1 Street?

The current guideline value of Naidu Lane 1 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 multiple times, starting from Rs 2,000 per sq.ft in 2007 to Rs 6,100 per sq.ft in 2024, reflecting an overall increase of 205% over the years.

What is the land classification for Naidu Lane 1 Street?

Naidu Lane 1 Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

Which Sub Registrar Office should I contact for property transactions?

The Adayar Sub Registrar Office covers Naidu Lane 1 Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in Adayar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a total fee of Rs 5,49,000, including stamp duty and registration fees.