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Guideline Value

Corporate

Guideline Value for Saminatha Nagar 4th Main Road

₹3900/sq.ft.

The guideline value for Saminatha Nagar 4th 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 4th Main Road

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Saminatha Nagar 4th Main Road guideline value

The current guideline value of Saminatha Nagar 4th 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, classified as Residential Class II Type - I.

How the guideline value of Saminatha Nagar 4th Main Road has changed

The guideline value for Saminatha Nagar 4th Main Road has seen several revisions over the years. In 2003, the value was Rs 533 per sq.ft, which 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 in 2017. The most recent figures show an increase to Rs 3,500 per sq.ft in 2023, and finally, the current value stands at Rs 3,900 per sq.ft in 2024.

From 2017 to 2023, there was a notable increase of 49%, while the jump from 2023 to 2024 is 11%. The overall change from 2003 to 2024 reflects a significant increase of 632%. It is important to note that the register has no figure for the year 2002 for this street.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO, with guideline values ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median guideline value is Rs 3,900 per sq.ft, which matches the current value for Saminatha Nagar 4th Main Road.

Stamp duty and registration fee for property in Saminatha Nagar 4th Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the 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, totaling Rs 3,51,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Saminatha Nagar 4th Main Road?

The Sub Registrar Office that covers Saminatha Nagar 4th 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 the registration process when buying or selling property in Kottivakkam. It serves as a benchmark for determining the minimum value at which property transactions must be registered, ensuring that the government receives the appropriate stamp duty and registration fees.

When a property is sold, the buyer must pay stamp duty based on the higher of the guideline value or the sale price. This process helps maintain transparency and standardization in property transactions across the region.

Frequently asked questions

What is the current guideline value of Saminatha Nagar 4th Main Road?

The current guideline value of Saminatha Nagar 4th 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, reflecting an overall increase of 632% over the years.

What is the land classification for Saminatha Nagar 4th Main Road?

Saminatha Nagar 4th Main Road is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Saminatha Nagar 4th Main Road?

The Sub Registrar Office for Saminatha Nagar 4th Main Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for property transactions?

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