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Guideline Value

Corporate

Guideline Value for Puratchi Thalaivi Nagar 8th Street

₹1700/sq.ft.

The guideline value for Puratchi Thalaivi Nagar 8th 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 ₹230 /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 8th Street

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Puratchi Thalaivi Nagar 8th Street guideline value

The current guideline value of Puratchi Thalaivi Nagar 8th 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 8th Street has changed

The guideline value for Puratchi Thalaivi Nagar 8th Street has seen several revisions over the years. Starting from the 2003 revision, the value was Rs 230 per sq.ft. It increased significantly in the 2007 revision to Rs 1,000 per sq.ft, marking a 335% rise. The 2012 revision saw a slight increase to Rs 1,500 per sq.ft, which was then followed by a decrease to Rs 1,005 per sq.ft in 2017, reflecting a 33% drop. However, the value rebounded to Rs 1,500 per sq.ft in the 2023 revision, and the latest revision in 2024 has set the value at Rs 1,700 per sq.ft, a 13% increase from the previous year.

It is important to note that the register has no figure for this street in the year 2002. Overall, from 2003 to 2024, the guideline value has increased by 639%.

Guideline values in Kottivakkam

In Kottivakkam, there are a total of 284 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, placing Puratchi Thalaivi Nagar 8th Street's 2024 figure below that median.

Stamp duty and registration fee for property in Puratchi Thalaivi Nagar 8th 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 amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, totaling Rs 1,53,000. It is important to note that the 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 Puratchi Thalaivi Nagar 8th Street?

The Sub Registrar Office that covers Puratchi Thalaivi Nagar 8th Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. To find your SRO, please visit find your SRO.

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. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the registration process.

When a property transaction occurs, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Puratchi Thalaivi Nagar 8th Street?

The current guideline value of Puratchi Thalaivi Nagar 8th 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 230 per sq.ft in 2003 to Rs 1,700 per sq.ft in 2024, reflecting an overall increase of 639% over the years.

What is the median guideline value in Kottivakkam?

The median guideline value for the 284 streets in Kottivakkam is Rs 3,900 per sq.ft, which is higher than the current value of Puratchi Thalaivi Nagar 8th Street.

What are the stamp duty and registration fees for property transactions?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 1,53,000.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. This office handles the registration of properties in the area.