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Guideline Value

Corporate

Guideline Value for South Main Road 2nd Lane

₹2800/sq.ft.

The guideline value for South Main Road 2nd Lane in Adambakkam village (Alandur SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Ii Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Adambakkam

Village

Alandur

SRO

Residential Class II Type - II
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹650 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹215 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹188 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061
044-22240222
[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 South Main Road 2nd Lane

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South Main Road 2nd Lane guideline value

The current guideline value of South Main Road 2nd Lane is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village under the Alandur SRO, classified as Residential Class II Type - II.

How the guideline value of South Main Road 2nd Lane has changed

The guideline value for South Main Road 2nd Lane has undergone several revisions over the years. In 2002, the value was Rs 188 per sq.ft, which increased to Rs 215 per sq.ft in 2003. Following that, the value saw a significant rise to Rs 650 per sq.ft in 2007. The 2012 revision set the value at Rs 2,500 per sq.ft, but it decreased to Rs 1,675 per sq.ft in 2017. The value then increased to Rs 2,500 per sq.ft in 2023, and the latest revision in 2024 has set it at Rs 2,800 per sq.ft.

Between these revisions, the changes were notable. From 2002 to 2003, there was a 14% increase. The value surged by 202% from 2003 to 2007. A remarkable increase of 285% was observed from 2007 to 2012. However, from 2012 to 2017, there was a decrease of 33%. The value then increased by 49% from 2017 to 2023 and finally rose by 12% from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 1389%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, placing South Main Road 2nd Lane's 2024 figure below that median.

Stamp duty and registration fee for property in South Main Road 2nd Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees together to Rs 2,52,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers South Main Road 2nd Lane?

The Sub Registrar Office that covers South Main Road 2nd Lane is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Adambakkam. It serves as the basis for calculating stamp duty and registration fees when a property is bought or sold. Buyers and sellers must be aware of the guideline value to ensure that they comply with the legal requirements during the registration process.

When a property is registered, the guideline value helps determine the minimum value at which the property can be sold. This ensures that the state receives appropriate revenue from property transactions, reflecting the property's worth as per the government’s assessment.

Frequently asked questions

What is the current guideline value of South Main Road 2nd Lane?

The current guideline value of South Main Road 2nd Lane is Rs 2,800 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 188 per sq.ft in 2002 to Rs 2,800 per sq.ft in 2024, reflecting an overall increase of 1389% over this period.

What are the other streets in Adambakkam with their guideline values?

Other streets in Adambakkam include South Main Road 1st Lane and South Main 3rd Street, both at Rs 2,800 per sq.ft, while South Main Road 2nd Street and South Main First Street are at Rs 3,900 per sq.ft.

What are the stamp duty and registration fees for properties in South Main Road 2nd Lane?

For a property valued at Rs 28,00,000, the stamp duty would be Rs 1,96,000 and the registration fee would be Rs 56,000, totaling Rs 2,52,000.

Where is the Sub Registrar Office for South Main Road 2nd Lane located?

The Sub Registrar Office covering South Main Road 2nd Lane is located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.