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Guideline Value

Corporate

Guideline Value for SANGAM COLONY 3RD CROSS STREET

₹4400/sq.ft.

The guideline value for Sangam Colony 3rd Cross Street in Kottivakkam village (Adayar SRO, Chennai zone) is Rs 4400 per sq.ft, effective 1 July 2024. It was Rs 4000 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

Kottivakkam

Village

Adayar

SRO

Residential Class I Type - I
History
Period Guideline Value
From 1-7-2024 ₹4400 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 N/A
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)

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 Sangam Colony 3rd Cross Street

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Sangam Colony 3rd Cross Street guideline value

The current guideline value of Sangam Colony 3rd Cross Street is Rs 4,400 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 I Type - I.

How the guideline value of Sangam Colony 3rd Cross Street has changed

The guideline value for Sangam Colony 3rd Cross Street has seen several revisions over the years. The 2017 revision set the value at Rs 2,680 per sq.ft, which increased to Rs 4,000 per sq.ft in the 2023 revision. The most recent revision in 2024 raised the value to Rs 4,400 per sq.ft, marking a significant increase of 10% from the previous year. Overall, from 2017 to 2024, the guideline value has risen by 64%.

It is important to note that there are no figures available for this street in the revisions for the years 2002, 2003, 2007, and 2012. The increase from 2017 to 2023 was 49%, indicating a substantial rise in the guideline value during that period.

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. The median guideline value in this area is Rs 3,900 per sq.ft, placing Sangam Colony 3rd Cross Street above this median with its current value of Rs 4,400 per sq.ft.

Stamp duty and registration fee for property in Sangam Colony 3rd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value amounts to Rs 44,00,000. The stamp duty is charged at 7%, resulting in Rs 3,08,000, while the registration fee at 2% amounts to Rs 88,000. Together, the total cost for these fees would be Rs 3,96,000. 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 Sangam Colony 3rd Cross Street?

The Sub Registrar Office that covers Sangam Colony 3rd Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, Chennai registration zone. 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 critical factor when registering property transactions in Kottivakkam. It serves as a benchmark for assessing the value of properties and determining the applicable stamp duty and registration fees during the sale or purchase process.

When you engage in a property transaction, the guideline value ensures that the fees are calculated fairly and transparently, based on the established rates for the area. This helps maintain consistency in property transactions and provides clarity to buyers and sellers alike.

Frequently asked questions

What is the current guideline value for Sangam Colony 3rd Cross Street?

The current guideline value for Sangam Colony 3rd Cross Street is Rs 4,400 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 2,680 per sq.ft to Rs 4,400 per sq.ft in 2024, marking an overall increase of 64%.

What is the land classification for Sangam Colony 3rd Cross Street?

Sangam Colony 3rd Cross Street is classified as Residential Class I Type - I, which indicates its use for residential purposes.

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, Chennai registration zone.

How is stamp duty calculated in Kottivakkam?

Stamp duty in Kottivakkam is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 44,00,000 would incur a stamp duty of Rs 3,08,000 at 7%.