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Guideline Value

Corporate

Guideline Value for Saminatha Nagar 2nd Cross Street

₹3900/sq.ft.

The guideline value for Saminatha Nagar 2nd Cross Street 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 ₹493 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹384 /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 Saminatha Nagar 2nd Cross Street

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Saminatha Nagar 2nd Cross Street guideline value

The current guideline value of Saminatha Nagar 2nd Cross Street 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 2nd Cross Street has changed

The guideline value for Saminatha Nagar 2nd Cross Street has seen several revisions over the years. Starting from Rs 384 per sq.ft in 2002, it increased to Rs 493 per sq.ft in 2003, marking a 28% rise. The value then saw a significant increase of 204% to reach Rs 1,500 per sq.ft in 2007. Following this, the value rose by 133% to Rs 3,500 per sq.ft in 2012. However, there was a decrease of 33% in the following revision, bringing it back down to Rs 2,345 per sq.ft in 2017. The value then increased by 49% to Rs 3,500 per sq.ft in 2023, and finally, it rose by 11% to the current rate of Rs 3,900 per sq.ft in 2024.

There are no figures available for the revisions in years not listed. The overall change from 2002 to 2024 is an increase of 916%.

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 is Rs 3,900 per sq.ft, which is equal to the guideline value of Saminatha Nagar 2nd Cross Street.

Stamp duty and registration fee for property in Saminatha Nagar 2nd Cross Street

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, making the total fees together 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 more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Saminatha Nagar 2nd Cross Street?

The Sub Registrar Office that covers Saminatha Nagar 2nd Cross Street 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 property transactions in Kottivakkam. It serves as the basis for calculating stamp duty and registration fees when a property is bought or sold. Buyers and sellers should be aware that the guideline value can influence the overall cost of the transaction.

When registering a property, the guideline value is compared with the sale price. The higher of the two figures is used to determine the applicable duties and fees, ensuring that the transaction is compliant with local regulations.

Frequently asked questions

What is the current guideline value of Saminatha Nagar 2nd Cross Street?

The current guideline value of Saminatha Nagar 2nd Cross Street 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 significantly from Rs 384 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 916% over the years.

What are the other streets in Kottivakkam with the same guideline value?

Other streets in Kottivakkam with a guideline value of Rs 3,900 per sq.ft include Saminatha Nagar 1st Main Road, Saminatha Nagar 2nd Main Road, Saminatha Nagar 1st Joining Road, Saminatha Nagar 3rd Cross Street, Saminatha Nagar 1st Cross Street, and Saminatha Nagar 3rd Main Road.

How is stamp duty calculated for properties in Saminatha Nagar 2nd Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 at a rate of 7%.

Where can I find the Sub Registrar Office for Saminatha Nagar 2nd Cross Street?

The Sub Registrar Office for Saminatha Nagar 2nd Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.