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Guideline Value

Corporate

Guideline Value for Sri Ram Avenue 2nd Street

₹3900/sq.ft.

The guideline value for Sri Ram Avenue 2nd 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 ₹448 /sq.ft.
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 2nd Street

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Sri Ram Avenue 2nd Street guideline value

The current guideline value of Sri Ram Avenue 2nd 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 2nd Street has changed

The guideline value for Sri Ram Avenue 2nd Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 448 per sq.ft. This increased significantly to Rs 533 per sq.ft in 2003, marking a 19% rise. The value continued to climb, reaching Rs 2,000 per sq.ft in 2007, which was a substantial increase of 275%. However, the 2012 revision saw a decrease to Rs 3,500 per sq.ft, reflecting a drop of 33% from the previous figure.

From 2012 to 2017, the guideline value remained unchanged at Rs 3,500 per sq.ft. In 2017, it rose to Rs 2,345 per sq.ft, which was a notable increase of 49%. The most recent revision in 2023 set the value at Rs 3,500 per sq.ft, and the current value as of 2024 has risen to Rs 3,900 per sq.ft, marking an 11% increase from the previous year.

Guideline values in Kottivakkam

In Kottivakkam, there are 284 streets under the Adayar SRO that carry a 2024 guideline value 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 2nd Street.

Stamp duty and registration fee for property in Sri Ram Avenue 2nd 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 together to Rs 3,51,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ram Avenue 2nd Street?

The Sub Registrar Office that covers Sri Ram Avenue 2nd 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 key factor when registering property transactions in Kottivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees. It is crucial to note that these fees are based on the higher of the guideline value or the sale price, ensuring that the correct amount is paid during the registration process.

Frequently asked questions

What is the current guideline value of Sri Ram Avenue 2nd Street?

The current guideline value of Sri Ram Avenue 2nd 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 changed from Rs 448 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 771% over the years.

What is the land classification of Sri Ram Avenue 2nd Street?

Sri Ram Avenue 2nd Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 and the registration fee would be Rs 78,000, totaling Rs 3,51,000.

Where is the Sub Registrar Office located for this street?

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