Guideline Value

Corporate

Guideline Value for Race Course Extension 2nd Street

₹6600/sq.ft.

The guideline value for Race Course Extension 2nd Street in Adayar village (Adayar SRO, Chennai zone) is Rs 6600 per sq.ft, effective 1 July 2024. It was Rs 6000 per sq.ft from 1 April 2023, a 10% change. The land classification is Residential Class I Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Adayar

Village

Adayar

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹6600 /sq.ft.
From 1-4-2023 ₹6000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹4020 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹6000 /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)

51, Kamaraj Avenue,second Street, Adyar, Chennai-20
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 Race Course Extension 2nd Street

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Race Course Extension 2nd Street guideline value

The current guideline value of Race Course Extension 2nd Street is Rs 6,600 per sq.ft, effective from 1 July 2024. This street is located in Adayar village, under the Adayar SRO, and is classified as Residential Class I Type - I.

How the guideline value of Race Course Extension 2nd Street has changed

Since the 2012 revision, the guideline value has seen several changes. The 2012 revision set the value at Rs 6,000 per sq.ft, which was a decrease of 33% from the previous revision in 2017, where the value was Rs 4,020 per sq.ft. The 2023 revision increased the value to Rs 6,000 per sq.ft, and the most recent 2024 revision raised it further to Rs 6,600 per sq.ft, marking a 10% increase from 2023.

Looking at the overall changes, from 2012 to 2024, the guideline value has increased by 10%. The significant change occurred between 2017 and 2023, where there was a 49% increase in the guideline value.

Guideline values in Adayar

Adayar village has a total of 92 streets under the Adayar SRO, with guideline values for 2024 ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value in this area is Rs 6,100 per sq.ft, placing the guideline value of Race Course Extension 2nd Street above that median.

Stamp duty and registration fee for property in Race Course Extension 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 6,600 per sq.ft, the total guideline value would be Rs 66,00,000. The stamp duty at 7% would amount to Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total fees together to Rs 5,94,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Race Course Extension 2nd Street?

The Sub Registrar Office covering Race Course Extension 2nd 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 Adayar

The guideline value is a crucial factor in property transactions in Adayar, as it determines the minimum value on which stamp duty and registration fees are calculated. When a property is sold, the higher of the sale price or the guideline value is used to assess these fees, ensuring that the government receives the appropriate revenue from the transaction.

Buyers and sellers should be aware of the guideline value, as it can influence negotiations and the overall cost of acquiring property. Understanding the current guideline value helps in making informed decisions during the buying or selling process.

Frequently asked questions

What is the current guideline value of Race Course Extension 2nd Street?

The current guideline value of Race Course Extension 2nd Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 6,000 per sq.ft in 2012 to Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 10%. The most significant change occurred between 2017 and 2023, where the value increased by 49%.

What is the stamp duty on a property in Race Course Extension 2nd Street?

The stamp duty for a property in Race Course Extension 2nd Street is 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 66,00,000, the stamp duty would be Rs 4,62,000.

Where can I find the Sub Registrar Office for Race Course Extension 2nd Street?

The Sub Registrar Office for Race Course Extension 2nd Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the median guideline value in Adayar?

The median guideline value in Adayar is Rs 6,100 per sq.ft, which means that the guideline value of Race Course Extension 2nd Street at Rs 6,600 per sq.ft is above the median for the area.