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Guideline Value

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Guideline Value for Sri Ram Nagar 1st Street

₹5000/sq.ft.

The guideline value for Sri Ram Nagar 1st Street in Kottur village (Adayar SRO, Chennai zone) is Rs 5000 per sq.ft, effective 1 July 2024. It was Rs 4500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iv Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottur

Village

Adayar

SRO

Residential Class IV Type - II
History
Period Guideline Value
From 1-7-2024 ₹5000 /sq.ft.
From 1-4-2023 ₹4500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹3015 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2500 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹598 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹555 /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 Nagar 1st Street

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Sri Ram Nagar 1st Street guideline value

The current guideline value of Sri Ram Nagar 1st Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Kottur village under the Adayar SRO, and it falls under the Residential Class IV Type - II land classification.

How the guideline value of Sri Ram Nagar 1st Street has changed

The guideline value for Sri Ram Nagar 1st Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 555 per sq.ft. This increased significantly to Rs 598 per sq.ft in 2003, marking an 8% rise. The value then surged to Rs 2,500 per sq.ft in 2007, reflecting a substantial increase of 318%. Following that, the 2012 revision set the value at Rs 4,500 per sq.ft, which was an 80% increase from the previous figure. However, in 2017, the value dropped to Rs 3,015 per sq.ft, showing a decrease of 33%.

In the subsequent revisions, the value was Rs 4,500 per sq.ft in 2023, and it increased to Rs 5,000 per sq.ft in 2024, representing an 11% rise. Overall, from 2002 to 2024, the guideline value has increased by 801%. There are no figures available for any other years for this street in the register.

Guideline values in Kottur

Kottur village has a total of 114 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value in this area is Rs 6,100 per sq.ft, which means that the guideline value of Sri Ram Nagar 1st Street is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value amounts to Rs 50,00,000. The stamp duty at 7% would be Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, bringing the total fees together to Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more details.

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

The Sub Registrar Office that covers Sri Ram Nagar 1st Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, in the Chennai registration zone. You can find your SRO for additional information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kottur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are recorded at a fair value.

When a buyer approaches the registration office, the guideline value will be used to calculate the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

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

The current guideline value of Sri Ram Nagar 1st Street is Rs 5,000 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 555 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of 801% over the years.

What is the registration office for Sri Ram Nagar 1st Street?

The registration office for Sri Ram Nagar 1st Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Kottur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property with a guideline value of Rs 50,00,000 would incur a stamp duty of Rs 3,50,000 at 7%.

Where can I find more information about stamp duty and registration fees?

More information about stamp duty and registration fees can be found using the stamp duty and registration fee calculator.