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Guideline Value

Corporate

Guideline Value for Saminatha Nagar 10th Main Road

₹3900/sq.ft.

The guideline value for Saminatha Nagar 10th Main Road in Kottivakkam village (Adayar SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottivakkam

Village

Adayar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3900 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹533 /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 Saminatha Nagar 10th Main Road

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Saminatha Nagar 10th Main Road guideline value

The current guideline value of Saminatha Nagar 10th Main Road is Rs 3,900 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 II Type - I.

How the guideline value of Saminatha Nagar 10th Main Road has changed

The guideline value for Saminatha Nagar 10th Main Road has seen several revisions over the years. Starting from Rs 533 per sq.ft in 2003, it increased significantly to Rs 1,800 per sq.ft in 2007. The value then rose to Rs 3,500 per sq.ft in 2012, but saw a decrease to Rs 2,345 per sq.ft by 2017. The 2023 revision brought it back up to Rs 3,500 per sq.ft, and the most recent revision in 2024 set it at Rs 3,900 per sq.ft.

Between the revisions, the changes have varied. From 2003 to 2007, there was a substantial increase of 238%. The value then rose by 94% from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. The value increased by 49% from 2017 to 2023, and finally, there was an increase of 11% from 2023 to 2024. Overall, from 2003 to 2024, the guideline value has increased by 632%.

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. The median value for these streets is Rs 3,900 per sq.ft, which is equal to the guideline value of Saminatha Nagar 10th Main Road.

Stamp duty and registration fee for property in Saminatha Nagar 10th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Saminatha Nagar 10th Main Road?

The Saminatha Nagar 10th Main Road falls under the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can find your SRO.

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

The guideline value is a critical component in the registration process of property transactions in Kottivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the state collects appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both buyers and sellers understand the value assigned to a property by the government. This value is used to calculate the applicable stamp duty and registration fees, which are essential for completing the legal transfer of property ownership.

Frequently asked questions

What is the current guideline value of Saminatha Nagar 10th Main Road?

The current guideline value of Saminatha Nagar 10th Main Road is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 533 per sq.ft in 2003 to Rs 3,900 per sq.ft in 2024, with various increases and decreases over the years.

What is the land classification of Saminatha Nagar 10th Main Road?

Saminatha Nagar 10th Main Road is classified as Residential Class II Type - I.

Which office handles registrations for Saminatha Nagar 10th Main Road?

The Adayar Sub Registrar Office handles registrations for Saminatha Nagar 10th Main Road, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in Kottivakkam?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. The current rate is 7% for stamp duty and 2% for the registration fee.