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Guideline Value

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Guideline Value for Saminatha Nagar 9th Cross 1st St.

₹3900/sq.ft.

The guideline value for Saminatha Nagar 9th Cross 1st St. 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 N/A
From 1-4-2003 To 31-7-2007 N/A
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 9th Cross 1st St.

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Saminatha Nagar 9th Cross 1st St. guideline value

The current guideline value for Saminatha Nagar 9th Cross 1st St. 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 9th Cross 1st St. has changed

The guideline value for Saminatha Nagar 9th Cross 1st St. has seen several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft. This was followed by a decrease to Rs 2,345 per sq.ft in 2017. However, the value increased significantly to Rs 3,500 per sq.ft in 2023, and then rose to Rs 3,900 per sq.ft in the 2024 revision, marking an 11% increase from 2023 to 2024.

From 2017 to 2023, there was a notable increase of 49%. Overall, comparing the 2012 and 2024 revisions, the guideline value has increased by 11%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kottivakkam

Kottivakkam has a range of guideline values across its 284 streets under the Adayar SRO, with 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 is equal to the current guideline value for Saminatha Nagar 9th Cross 1st St.

Stamp duty and registration fee for property in Saminatha Nagar 9th Cross 1st St.

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, 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 9th Cross 1st St.?

The Sub Registrar Office that covers Saminatha Nagar 9th Cross 1st St. 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 when buying or selling property in Kottivakkam. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that transactions are conducted transparently and fairly.

When a property is sold, the stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. This ensures that both the state and the seller receive appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Saminatha Nagar 9th Cross 1st St.?

The current guideline value of Saminatha Nagar 9th Cross 1st St. 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 3,500 per sq.ft in 2023 to Rs 3,900 per sq.ft in 2024, marking an 11% increase. It was Rs 2,345 per sq.ft in 2017 and Rs 3,500 per sq.ft in 2012.

What is the land classification for this street?

Saminatha Nagar 9th Cross 1st St. is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for this area?

The Adayar Sub Registrar Office covers Saminatha Nagar 9th Cross 1st St., located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How are stamp duty and registration fees calculated?

Stamp duty is charged at 7% and registration fees at 2% on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 3,900 per sq.ft would incur total fees of Rs 3,51,000.