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Guideline Value

Corporate

Guideline Value for Puratchi Thalaivi Nagar 5th Street

₹1700/sq.ft.

The guideline value for Puratchi Thalaivi Nagar 5th Street in Kottivakkam village (Adayar SRO, Chennai zone) is Rs 1700 per sq.ft, effective 1 July 2024. It was Rs 1500 per sq.ft from 1 April 2023, a 13% change. The land classification is Residential Class V Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottivakkam

Village

Adayar

SRO

Residential Class V Type - III
History
Period Guideline Value
From 1-7-2024 ₹1700 /sq.ft.
From 1-4-2023 ₹1500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1005 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹1500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹229 /sq.ft.
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 Puratchi Thalaivi Nagar 5th Street

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Puratchi Thalaivi Nagar 5th Street guideline value

The current guideline value of Puratchi Thalaivi Nagar 5th Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village, under the Adayar SRO, and is classified as Residential Class V Type - III.

How the guideline value of Puratchi Thalaivi Nagar 5th Street has changed

The guideline value for Puratchi Thalaivi Nagar 5th Street has seen several revisions over the years. Starting from the year 2003, the guideline value was Rs 229 per sq.ft. It increased significantly to Rs 1,000 per sq.ft in 2007, which marked a rise of 337%. The value then rose to Rs 1,500 per sq.ft in 2012, reflecting a 50% increase from the previous revision. However, it dropped to Rs 1,005 per sq.ft in 2017, a decrease of 33%. The value then increased again to Rs 1,500 per sq.ft in 2023, followed by a further rise to the current value of Rs 1,700 per sq.ft in 2024, showing a 13% increase.

It is important to note that there is no guideline value recorded for Puratchi Thalaivi Nagar 5th Street in the 2002 revision. Overall, from 2003 to 2024, the guideline value has increased by 642%.

Guideline values in Kottivakkam

In Kottivakkam, there are 284 streets under the Adayar SRO that have a 2024 guideline value ranging from Rs 1,700 to Rs 8,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value for Puratchi Thalaivi Nagar 5th Street is below this median.

Stamp duty and registration fee for property in Puratchi Thalaivi Nagar 5th Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, making the total charges Rs 1,53,000. It is important to 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 detailed calculations.

Which Sub Registrar Office covers Puratchi Thalaivi Nagar 5th Street?

The Sub Registrar Office that covers Puratchi Thalaivi Nagar 5th Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Kottivakkam, as it determines the minimum value on which stamp duty and registration fees are calculated. When a property is registered, the guideline value is used to assess the appropriate fees, ensuring that the transaction is officially recognized by the authorities.

Frequently asked questions

What is the current guideline value of Puratchi Thalaivi Nagar 5th Street?

The current guideline value of Puratchi Thalaivi Nagar 5th Street is Rs 1,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 229 per sq.ft in 2003 to Rs 1,700 per sq.ft in 2024, which is an overall increase of 642% over the years.

What is the registration office for Puratchi Thalaivi Nagar 5th Street?

The registration office for Puratchi Thalaivi Nagar 5th Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

Is there a guideline value for the year 2002?

No, the register has no figure for Puratchi Thalaivi Nagar 5th Street in the 2002 revision.

How is stamp duty calculated for properties in Kottivakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 17,00,000 would incur a stamp duty of Rs 1,19,000 at 7%.