Guideline Value for Sardar Patel Road

Sardar Patel Road guideline value

The current guideline value of Sardar Patel Road in Kottur village, under the Adayar SRO, is Rs 15,400 per sq.ft, effective from 1 July 2024. This street is classified as Commercial Class I Type - I.

How the guideline value of Sardar Patel Road has changed

The guideline value of Sardar Patel Road has seen several revisions over the years. The earliest available figure is from 2007, where the guideline value was Rs 8,850 per sq.ft. This increased to Rs 14,000 per sq.ft in the 2012 revision, reflecting a significant rise of 58%. However, the value decreased to Rs 9,380 per sq.ft in 2017, a drop of 33%. The subsequent revision in 2023 marked a substantial increase to Rs 14,000 per sq.ft, which was then raised to Rs 15,400 per sq.ft in 2024, representing a 10% increase.

Overall, from the 2007 revision to the current 2024 figure, the guideline value has increased by 74%. Notably, there are no figures available for the years 2002 and 2003 for this street.

Guideline values in Kottur

In Kottur, there are 114 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value for these streets is Rs 6,100 per sq.ft, placing Sardar Patel Road's 2024 figure above this median.

• River View Road: Rs 8,800 per sq.ft (2024)
• Silikan Road: Rs 5,000 per sq.ft (2024)
• South Lock Road: Rs 6,600 per sq.ft (2024)
• Sowbakya Avenue: Rs 6,100 per sq.ft (2024)
• Rajiv Gandhi Avenue: Rs 5,000 per sq.ft (2024)
• Srinivasa Murthy Avenue: Rs 5,000 per sq.ft (2024)

Stamp duty and registration fee for property in Sardar Patel Road

For a 1,000 sq.ft plot at the current guideline value of Rs 15,400 per sq.ft, the total guideline value amounts to Rs 1,54,00,000. The stamp duty at 7% would be Rs 10,78,000, and the registration fee at 2% would be Rs 3,08,000, leading to a total of Rs 13,86,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sardar Patel Road?

The Sub Registrar Office that covers Sardar Patel Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kottur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

Frequently asked questions

What is the current guideline value of Sardar Patel Road?

The current guideline value of Sardar Patel Road is Rs 15,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 8,850 per sq.ft in 2007 to Rs 15,400 per sq.ft in 2024, reflecting an overall increase of 74% over the years.

What is the classification of Sardar Patel Road?

Sardar Patel Road is classified as Commercial Class I Type - I, indicating its commercial significance in the area.

Where can I find the Sub Registrar Office for Sardar Patel Road?

The Sub Registrar Office for Sardar Patel Road is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties on Sardar Patel Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 1,54,00,000 would incur a stamp duty of Rs 10,78,000 at 7%.