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Guideline Value

Corporate

Guideline Value for Sri Ram Avenue 3rd Street

₹3900/sq.ft.

The guideline value for Sri Ram Avenue 3rd 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 3rd Street

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Sri Ram Avenue 3rd Street guideline value

The current guideline value of Sri Ram Avenue 3rd 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 3rd Street has changed

The guideline value for Sri Ram Avenue 3rd Street has undergone several revisions over the years. In 2002, the guideline value was Rs 448 per sq.ft, which increased to Rs 533 per sq.ft in 2003, marking a rise of 19%. The value saw a significant increase to Rs 2,000 per sq.ft in 2007, representing a 275% jump. Following this, the value reached Rs 3,500 per sq.ft in 2012, a rise of 75%. However, it decreased to Rs 2,345 per sq.ft in 2017, reflecting a decline of 33%. The value then increased to Rs 3,500 per sq.ft in 2023, before reaching the current figure of Rs 3,900 per sq.ft in 2024, which is an increase of 11%.

There are no figures available for the revisions in years that do not have specified values for this street. Overall, from 2002 to 2024, the guideline value has increased by 771%.

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 current guideline value of Sri Ram Avenue 3rd Street.

Stamp duty and registration fee for property in Sri Ram Avenue 3rd 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, totaling Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Sri Ram Avenue 3rd Street?

The Sub Registrar Office that covers Sri Ram Avenue 3rd 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 plays a crucial role during the registration of property transactions in Kottivakkam. It is used to determine the stamp duty and registration fees that need to be paid, ensuring that the transaction is officially recorded in the government registry.

When buying or selling property, the guideline value is referenced to assess the appropriate fees. Buyers should be aware that the fees are charged based on the higher of the guideline value or the sale price, which ensures transparency in the transaction process.

Frequently asked questions

What is the current guideline value of Sri Ram Avenue 3rd Street?

The current guideline value of Sri Ram Avenue 3rd 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 for Sri Ram Avenue 3rd Street?

Sri Ram Avenue 3rd Street is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Sri Ram Avenue 3rd Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for property transactions?

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