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Guideline Value

Corporate

Guideline Value for Saminatha Nagar 5th Main Road

₹3900/sq.ft.

The guideline value for Saminatha Nagar 5th 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 5th Main Road

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Saminatha Nagar 5th Main Road guideline value

The current guideline value of Saminatha Nagar 5th 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 5th Main Road has changed

The guideline value for Saminatha Nagar 5th Main Road has undergone several revisions over the years. In the 2003 revision, the value was set at Rs 533 per sq.ft. This figure increased significantly to Rs 1,800 per sq.ft in 2007, marking an increase of 238%. The value then rose to Rs 3,500 per sq.ft in 2012, reflecting a 94% increase. However, in the 2017 revision, the value decreased to Rs 2,345 per sq.ft, a drop of 33%. The 2023 revision saw the value rise again to Rs 3,500 per sq.ft, followed by the current value of Rs 3,900 per sq.ft in 2024, which is an increase of 11%.

Overall, from 2003 to 2024, the guideline value has increased by 632%. It is important to note that the register has no figure for the year 2002 for this street.

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 current guideline value of Saminatha Nagar 5th Main Road.

Stamp duty and registration fee for property in Saminatha Nagar 5th 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 to Rs 3,51,000. It is essential to note that the 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 5th Main Road?

The Sub Registrar Office covering Saminatha Nagar 5th 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 critical factor during property transactions in Kottivakkam. It is used to determine the minimum value at which properties can be registered. When a buyer and seller agree on a sale price, the higher of the sale price or the guideline value is used to calculate the stamp duty and registration fees.

During registration, the guideline value ensures that properties are not undervalued, thereby maintaining transparency in property transactions. This helps in ensuring that the government receives appropriate revenue from property sales through stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Saminatha Nagar 5th Main Road?

The current guideline value of Saminatha Nagar 5th 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 significantly from Rs 533 per sq.ft in 2003 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 632% over this period.

What is the land classification for Saminatha Nagar 5th Main Road?

The land classification for Saminatha Nagar 5th Main Road is Residential Class II Type - I.

Where can I find the Sub Registrar Office for Saminatha Nagar 5th Main Road?

The Sub Registrar Office for Saminatha Nagar 5th Main Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Kottivakkam?

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.