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Guideline Value

Corporate

Guideline Value for Puratchi Thalaivi Nagar Main Road

₹1700/sq.ft.

The guideline value for Puratchi Thalaivi Nagar Main Road 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 ₹306 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹257 /sq.ft.
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 Main Road

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Puratchi Thalaivi Nagar Main Road guideline value

The current guideline value of Puratchi Thalaivi Nagar Main Road is Rs 1,700 per sq.ft, effective from 1 July 2024. This road 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 Main Road has changed

The guideline value for Puratchi Thalaivi Nagar Main Road has seen several revisions over the years. In 2002, the value was Rs 257 per sq.ft, which increased significantly to Rs 306 per sq.ft in 2003. Following this, the value rose sharply by 227% to Rs 1,000 per sq.ft in 2007. In 2012, it was revised to Rs 1,500 per sq.ft, but this represented a decrease of 33%. The value then increased to Rs 1,005 per sq.ft in 2017, followed by a rise to Rs 1,500 per sq.ft in 2023. The most recent revision in 2024 has set the guideline value at Rs 1,700 per sq.ft, reflecting a 13% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 561%. The register has no figures for the years not listed in the revisions.

Guideline values in Kottivakkam

In Kottivakkam, there are 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 for Puratchi Thalaivi Nagar Main Road is below this median.

Stamp duty and registration fee for property in Puratchi Thalaivi Nagar Main Road

For a 1,000 sq.ft plot at the current rate of Rs 1,700 per sq.ft, the guideline value amounts to 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, resulting in a total of 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 information.

Which Sub Registrar Office covers Puratchi Thalaivi Nagar Main Road?

The Sub Registrar Office that covers Puratchi Thalaivi Nagar Main Road 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 is used as a benchmark during the registration of property transactions in Kottivakkam. When a property is bought or sold, the guideline value helps determine the applicable stamp duty and registration fees based on the property's value.

It is essential for buyers and sellers to be aware of the current guideline value, as it directly impacts the financial aspects of property transactions. Ensuring that the sale price meets or exceeds the guideline value is crucial for accurate registration and compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Puratchi Thalaivi Nagar Main Road?

The current guideline value of Puratchi Thalaivi Nagar Main Road 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 257 per sq.ft in 2002 to Rs 1,700 per sq.ft in 2024, marking an overall increase of 561% over this period.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 17,00,000, the stamp duty would be Rs 1,19,000, and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Which Sub Registrar Office covers this area?

The Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, covers Puratchi Thalaivi Nagar Main Road.

How is the guideline value used in property transactions?

The guideline value serves as a basis for calculating stamp duty and registration fees during property transactions. It ensures that the transaction is in compliance with legal requirements and reflects the property's value accurately.