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Guideline Value

Corporate

Guideline Value for Saminatha Nagar 3rd Main Road

₹3900/sq.ft.

The guideline value for Saminatha Nagar 3rd 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 3rd Main Road

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Saminatha Nagar 3rd Main Road guideline value

The current guideline value of Saminatha Nagar 3rd Main Road is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village and falls under the Adayar SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Saminatha Nagar 3rd Main Road has changed

The guideline value for Saminatha Nagar 3rd Main Road has seen several revisions over the years. In 2003, the guideline value was Rs 533 per sq.ft, which increased significantly to Rs 1,800 per sq.ft in 2007. Following that, the value rose to Rs 3,500 per sq.ft in 2012, but then dropped to Rs 2,345 per sq.ft in 2017. The value then increased to Rs 3,500 per sq.ft in 2023, before reaching the current rate of Rs 3,900 per sq.ft in 2024.

Between these revisions, there have been notable changes. From 2003 to 2007, the value increased by 238%. The value then saw a 94% rise from 2007 to 2012, followed by a decrease of 33% from 2012 to 2017. A significant increase of 49% occurred from 2017 to 2023, and the latest revision shows an 11% increase from 2023 to 2024. The overall increase from 2003 to 2024 is 632%.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO that carry a guideline value for 2024, ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median guideline value is Rs 3,900 per sq.ft, and Saminatha Nagar 3rd Main Road's 2024 figure matches this median.

Stamp duty and registration fee for property in Saminatha Nagar 3rd 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 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, totaling Rs 3,51,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Saminatha Nagar 3rd Main Road?

The Sub Registrar Office that covers Saminatha Nagar 3rd Main 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 property transactions in Kottivakkam, as it determines the minimum value at which properties can be registered. When a buyer and seller agree on a sale price, the registration process will consider the guideline value to ensure that the property is not undervalued.

During registration, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the government receives appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Saminatha Nagar 3rd Main Road?

The current guideline value of Saminatha Nagar 3rd 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 revisions occurring in between.

What is the stamp duty for properties in Saminatha Nagar 3rd Main Road?

The stamp duty for properties in Saminatha Nagar 3rd Main Road is 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office is responsible for Saminatha Nagar 3rd Main Road?

The Adayar Sub Registrar Office is responsible for Saminatha Nagar 3rd Main Road, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the guideline value determined in Kottivakkam?

The guideline value in Kottivakkam is determined by the Registration Department and varies across different streets, reflecting the residential classification and market conditions.