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Guideline Value

Corporate

Guideline Value for Saminatha Nagar 1st Joining Road

₹3900/sq.ft.

The guideline value for Saminatha Nagar 1st Joining 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 ₹1500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹457 /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 1st Joining Road

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Saminatha Nagar 1st Joining Road guideline value

The current guideline value of Saminatha Nagar 1st Joining Road is Rs 3,900 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 II Type - I.

How the guideline value of Saminatha Nagar 1st Joining Road has changed

The guideline value for Saminatha Nagar 1st Joining Road has seen several revisions over the years. In 2003, the guideline value was Rs 457 per sq.ft, which increased to Rs 1,500 per sq.ft in 2007. The value then rose significantly to Rs 3,500 per sq.ft in 2012. However, it decreased to Rs 2,345 per sq.ft in 2017. The 2023 revision set the value at Rs 3,500 per sq.ft, and the latest revision in 2024 has increased it to Rs 3,900 per sq.ft.

Between these revisions, there have been notable changes. From 2023 to 2024, there was an increase of 11%. The increase from 2017 to 2023 was 49%, while the 2012 to 2017 period saw a decrease of 33%. The 2007 to 2012 revision experienced a significant rise of 133%, and from 2003 to 2007, the increase was 228%. Overall, from 2003 to 2024, the guideline value has increased by 753%. It is important to note that there is no figure available for the year 2002 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. The median guideline value for these streets is Rs 3,900 per sq.ft, which is the same as the 2024 figure for Saminatha Nagar 1st Joining Road.

Stamp duty and registration fee for property in Saminatha Nagar 1st Joining Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000. Together, these fees would total 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 1st Joining Road?

The Sub Registrar Office that covers Saminatha Nagar 1st Joining Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. 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 crucial factor in the registration process when buying or selling property in Kottivakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is sold, the buyer must pay the stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the registration fees are appropriately calculated and collected based on the established guideline values.

Frequently asked questions

What is the current guideline value of Saminatha Nagar 1st Joining Road?

The current guideline value of Saminatha Nagar 1st Joining 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 several times, starting from Rs 457 per sq.ft in 2003 to Rs 3,900 per sq.ft in 2024, reflecting a significant increase over the years.

What is the land classification for Saminatha Nagar 1st Joining Road?

The land classification for Saminatha Nagar 1st Joining Road is Residential Class II Type - I.

What are the stamp duty and registration fees for property transactions?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is 2%. For example, for a property valued at Rs 39,00,000, the total fees would be Rs 3,51,000.

Which office handles registrations for Saminatha Nagar 1st Joining Road?

The Adayar Sub Registrar Office handles registrations for Saminatha Nagar 1st Joining Road, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.