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Guideline Value

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Guideline Value for Naidu Street and 4th Main Road Extension (Kottur Garden)

₹9400/sq.ft.

The guideline value for Naidu Street And 4th Main Road Extension (kottur Garden) 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)

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 Street And 4th Main Road Extension (kottur Garden)

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Naidu Street and 4th Main Road Extension (Kottur Garden) guideline value

The current guideline value for Naidu Street and 4th Main Road Extension (Kottur Garden) is Rs 9,400 per sq.ft, effective from 1 July 2024. This area is located in Adayar village, under the Adayar SRO, and is classified as Residential Special Type - II.

How the guideline value of Naidu Street and 4th Main Road Extension (Kottur Garden) has changed

The guideline value for Naidu Street and 4th Main Road Extension has seen several revisions over the years. The 2012 revision set the value at Rs 8,500 per sq.ft, which then decreased to Rs 5,695 per sq.ft in 2017. Following this, the value increased significantly to Rs 8,500 per sq.ft in 2023, and then to Rs 9,400 per sq.ft in 2024, marking an increase of 11% from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Adayar

In Adayar, there are 92 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value is Rs 6,100 per sq.ft, placing Naidu Street and 4th Main Road Extension (Kottur Garden) above this median.

Stamp duty and registration fee for property in Naidu Street and 4th Main Road Extension (Kottur Garden)

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, and the registration fee at 2% would be Rs 1,88,000, making the total cost for these fees Rs 8,46,000. 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 Street and 4th Main Road Extension (Kottur Garden)?

The Sub Registrar Office that covers Naidu Street and 4th Main Road Extension (Kottur Garden) 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 plays a crucial role in the registration process when buying or selling property in Adayar. It is used to determine the stamp duty and registration fees applicable to the property transaction, ensuring that both parties are aware of the financial obligations involved.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value for Naidu Street and 4th Main Road Extension (Kottur Garden)?

The current guideline value for Naidu Street and 4th Main Road Extension (Kottur Garden) 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 2012 to Rs 5,695 per sq.ft in 2017, then to Rs 8,500 per sq.ft in 2023, and finally to Rs 9,400 per sq.ft in 2024.

What is the land classification for this area?

The land classification for Naidu Street and 4th Main Road Extension (Kottur Garden) is Residential Special Type - II.

Where is the Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price of the property. For example, on a property valued at Rs 94,00,000, the total stamp duty and registration fees would amount to Rs 8,46,000.