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Guideline Value

Corporate

Guideline Value for Saminatha Nagar 7th Main Road

₹3900/sq.ft.

The guideline value for Saminatha Nagar 7th 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 7th Main Road

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Saminatha Nagar 7th Main Road guideline value

The current guideline value of Saminatha Nagar 7th Main Road is Rs 3,900 per sq.ft, effective from 1 July 2024. This road 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 7th Main Road has changed

The guideline value for Saminatha Nagar 7th 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. Following this, the value rose to Rs 3,500 per sq.ft in 2012, but then decreased to Rs 2,345 per sq.ft in 2017. A notable increase occurred in 2023, bringing the value to Rs 3,500 per sq.ft, and the latest revision in 2024 has set the value at Rs 3,900 per sq.ft, marking an 11% increase from the previous year.

Overall, the guideline value has increased from Rs 533 per sq.ft in 2003 to Rs 3,900 per sq.ft in 2024, which is a remarkable increase of 632%. It is important to note that there is no figure available for this street in the 2002 revision.

Guideline values in Kottivakkam

Kottivakkam 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 for these streets is Rs 3,900 per sq.ft, which is equal to the current value of Saminatha Nagar 7th Main Road.

Stamp duty and registration fee for property in Saminatha Nagar 7th 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 be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, making the total amount 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. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Saminatha Nagar 7th Main Road?

The Saminatha Nagar 7th Main Road falls under 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 of property transactions in Kottivakkam. It serves as a benchmark for determining the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of the guideline value to ensure they are not overpaying for a property and for sellers to set a realistic price based on this valuation.

Frequently asked questions

What is the current guideline value of Saminatha Nagar 7th Main Road?

The current guideline value of Saminatha Nagar 7th 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, marking an overall increase of 632% over the years.

What is the median guideline value in Kottivakkam?

The median guideline value in Kottivakkam is Rs 3,900 per sq.ft, which is the same as the current value for Saminatha Nagar 7th Main Road.

What are the stamp duty and registration fees for a property in Saminatha Nagar 7th Main Road?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 3,51,000.

Which office handles the registration for Saminatha Nagar 7th Main Road?

The Adayar Sub Registrar Office handles the registration for Saminatha Nagar 7th Main Road, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.