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Guideline Value

Corporate

Guideline Value for Saminatha Nagar 8th Main Road

₹3900/sq.ft.

The guideline value for Saminatha Nagar 8th 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 8th Main Road

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Saminatha Nagar 8th Main Road guideline value

The current guideline value of Saminatha Nagar 8th 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, and is classified as Residential Class II Type - I.

How the guideline value of Saminatha Nagar 8th Main Road has changed

The guideline value for Saminatha Nagar 8th 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 rebounded to Rs 3,500 per sq.ft in 2023, before reaching the current value of Rs 3,900 per sq.ft in 2024, marking an increase of 11% from the previous year.

Overall, the guideline value has increased by 632% from Rs 533 per sq.ft in 2003 to Rs 3,900 per sq.ft in 2024. It is important to note that the register has no figure for this street in 2002.

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 guideline value is Rs 3,900 per sq.ft, which is equal to the current value of Saminatha Nagar 8th Main Road.

Stamp duty and registration fee for property in Saminatha Nagar 8th 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 cost for these fees to 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 the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Saminatha Nagar 8th Main Road?

The Sub Registrar Office that covers Saminatha Nagar 8th Main Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for additional details.

How the guideline value is used when you buy or sell in Kottivakkam

The guideline value is a crucial factor during property transactions in Kottivakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable when registering a property sale. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations and to accurately calculate the associated costs.

When a property is sold, the guideline value is used to assess the minimum value for taxation purposes. If the sale price is higher than the guideline value, the duty is charged on the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Saminatha Nagar 8th Main Road?

The current guideline value of Saminatha Nagar 8th Main Road is Rs 3,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 533 per sq.ft in 2003 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 632%.

What are the stamp duty rates for property in Saminatha Nagar 8th Main Road?

The stamp duty rate for property transactions in Saminatha Nagar 8th Main Road is 7%, while the registration fee is 2% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers Saminatha Nagar 8th Main Road?

The Adayar Sub Registrar Office covers Saminatha Nagar 8th Main Road, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How does the guideline value affect property transactions?

The guideline value affects property transactions by serving as a basis for calculating stamp duty and registration fees. It ensures that the government receives the appropriate revenue from property sales, and it is essential for buyers and sellers to understand this value for accurate financial planning.