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Guideline Value

Corporate

Guideline Value for Puratchi Thalaivi Nagar 9th Street

₹1700/sq.ft.

The guideline value for Puratchi Thalaivi Nagar 9th 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 9th Street

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Puratchi Thalaivi Nagar 9th Street guideline value

The current guideline value of Puratchi Thalaivi Nagar 9th Street is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village, under the Adayar SRO. The land classification for this area is Residential Class V Type - III.

How the guideline value of Puratchi Thalaivi Nagar 9th Street has changed

The guideline value for Puratchi Thalaivi Nagar 9th Street has undergone several revisions over the years. Starting from the 2003 revision, the guideline value was Rs 229 per sq.ft. It increased significantly to Rs 1,000 per sq.ft in 2007, marking a 337% rise. In 2012, the value remained at Rs 1,500 per sq.ft, which was a decrease of 33% compared to the previous revision. The 2017 revision saw it rise again to Rs 1,005 per sq.ft, followed by a substantial increase to Rs 1,500 per sq.ft in 2023, and finally reaching Rs 1,700 per sq.ft in the 2024 revision, which is a 13% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 642%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Kottivakkam

Kottivakkam has 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, with a median value of Rs 3,900 per sq.ft. The guideline value of Puratchi Thalaivi Nagar 9th Street is below this median.

Stamp duty and registration fee for property in Puratchi Thalaivi Nagar 9th 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, bringing the total charges to 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 our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Puratchi Thalaivi Nagar 9th Street?

The Sub Registrar Office that covers Puratchi Thalaivi Nagar 9th Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

The guideline value plays a crucial role during the registration of property transactions in Kottivakkam. When a property is bought or sold, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory for the legal transfer of ownership.

It is essential for buyers and sellers to be aware of the current guideline value, as it affects the overall cost of the transaction. The fees are calculated based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Puratchi Thalaivi Nagar 9th Street?

The current guideline value of Puratchi Thalaivi Nagar 9th 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, marking an overall increase of 642% over this period.

What is the land classification for Puratchi Thalaivi Nagar 9th Street?

The land classification for Puratchi Thalaivi Nagar 9th Street is Residential Class V Type - III.

Where can I find the Adayar Sub Registrar Office?

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

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. The current rate is 7% for stamp duty and 2% for the registration fee.