Explore LandLens: verify, value, build-check, track & transact smarter

Guideline Value

Corporate

Guideline Value for Sri Ram Avenue 1st Street

₹3900/sq.ft.

The guideline value for Sri Ram Avenue 1st Street 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 ₹2000 /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 Sri Ram Avenue 1st Street

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Sri Ram Avenue 1st Street guideline value

The current guideline value of Sri Ram Avenue 1st Street 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 Sri Ram Avenue 1st Street has changed

In the 2003 revision, the guideline value was Rs 533 per sq.ft. This increased significantly to Rs 2,000 per sq.ft in 2007, marking a 275% rise. The value then saw a substantial increase to Rs 3,500 per sq.ft in 2012, which was a 75% increase from the previous revision. However, in 2017, the value dropped to Rs 2,345 per sq.ft, reflecting a decrease of 33%.

From 2017 to 2023, the guideline value rose to Rs 3,500 per sq.ft, an increase of 49%. The most recent revision in 2024 set the value at Rs 3,900 per sq.ft, which is an 11% increase from the previous year. 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 have a guideline value for 2024, ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median value is Rs 3,900 per sq.ft, which is equal to the guideline value of Sri Ram Avenue 1st Street.

Stamp duty and registration fee for property in Sri Ram Avenue 1st Street

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 amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total fees to Rs 3,51,000. Please note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ram Avenue 1st Street?

The Sub Registrar Office that covers Sri Ram Avenue 1st Street 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 in property transactions in Kottivakkam. It is used to determine the stamp duty and registration fees payable when a property is bought or sold. The fees are calculated based on the guideline value or the sale price, whichever is higher.

When registering a property, buyers should be aware that the guideline value can vary significantly between different streets and areas. This makes it essential for buyers to check the current guideline value to understand the financial implications of their property transaction.

Frequently asked questions

What is the current guideline value of Sri Ram Avenue 1st Street?

The current guideline value of Sri Ram Avenue 1st Street 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 increased from Rs 533 per sq.ft in 2003 to Rs 3,900 per sq.ft in 2024, marking an overall increase of 632% over the years.

What is the median guideline value in Kottivakkam?

The median guideline value in Kottivakkam for 2024 is Rs 3,900 per sq.ft, which is the same as the value for Sri Ram Avenue 1st Street.

How is stamp duty calculated for properties in Sri Ram Avenue 1st Street?

Stamp duty is calculated at 7% of the guideline value or sale price, whichever is higher. For example, on a 1,000 sq.ft property at the current guideline value, the stamp duty would be Rs 2,73,000.

Where can I find the Sub Registrar Office for Sri Ram Avenue 1st Street?

The Adayar Sub Registrar Office covers Sri Ram Avenue 1st Street and is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.