Guideline Value

Corporate

Guideline Value for Sowbakya Avenue

₹6100/sq.ft.

The guideline value for Sowbakya Avenue in Kottur village (Adayar SRO, Chennai zone) is Rs 6100 per sq.ft, effective 1 July 2024. It was Rs 5500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottur

Village

Adayar

SRO

Residential Class III Type - I
History
Period Guideline Value
From 1-7-2024 ₹6100 /sq.ft.
From 1-4-2023 ₹5500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3685 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹5500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹600 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹556 /sq.ft.
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

51, Kamaraj Avenue,second Street, Adyar, Chennai-20
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 Sowbakya Avenue

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Sowbakya Avenue guideline value

The current guideline value of Sowbakya Avenue is Rs 6,100 per sq.ft, effective from 1 July 2024. This street is located in Kottur village under the Adayar SRO, classified as Residential Class III Type - I.

How the guideline value of Sowbakya Avenue has changed

The guideline value for Sowbakya Avenue has seen significant changes over the years. In 2002, the guideline value was Rs 556 per sq.ft, which increased to Rs 600 per sq.ft in 2003. Following this, the value experienced a substantial rise to Rs 2,500 per sq.ft in 2007, and then to Rs 5,500 per sq.ft in 2012. However, it decreased to Rs 3,685 per sq.ft in 2017. The value then increased to Rs 5,500 per sq.ft in 2023, before reaching the current figure of Rs 6,100 per sq.ft in 2024.

Between these revisions, the most notable changes include a 317% increase from 2003 to 2007, followed by a 120% rise from 2007 to 2012. The value then decreased by 33% from 2012 to 2017. After that, there was a significant increase of 49% from 2017 to 2023, and an 11% rise from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by 997%.

Guideline values in Kottur

Kottur village has a range of guideline values across its 114 streets under the Adayar SRO, with values from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value is Rs 6,100 per sq.ft, which matches the current guideline value of Sowbakya Avenue.

Stamp duty and registration fee for property in Sowbakya Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 6,100 per sq.ft, the total guideline value amounts to Rs 61,00,000. The stamp duty at 7% would be Rs 4,27,000, and the registration fee at 2% would be Rs 1,22,000, bringing the total to Rs 5,49,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sowbakya Avenue?

The Sub Registrar Office that covers Sowbakya Avenue 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 that need to be paid during the transaction.

When a property is sold, the guideline value is used to calculate the applicable duties and fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transfer of property ownership.

Frequently asked questions

What is the current guideline value of Sowbakya Avenue?

The current guideline value of Sowbakya Avenue is Rs 6,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 556 per sq.ft in 2002 to Rs 6,100 per sq.ft in 2024, which is an overall increase of 997%.

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

Other streets in Kottur include South Lock Road at Rs 6,600 per sq.ft, and several streets at Rs 5,000 per sq.ft, including Silikan Road, Srinivasa Murthy Avenue, and others.

How is the stamp duty calculated for property in Sowbakya Avenue?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a 1,000 sq.ft plot, the stamp duty would be Rs 4,27,000.

Where can I find the Sub Registrar Office for Sowbakya Avenue?

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