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Guideline Value

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Guideline Value for Sri Ram Nagar 2nd Street

₹5000/sq.ft.

The guideline value for Sri Ram Nagar 2nd 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 2nd Street

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Sri Ram Nagar 2nd Street guideline value

The current guideline value for Sri Ram Nagar 2nd Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Kottur village, under the Adayar Sub Registrar Office (SRO). The land classification for this area is Residential Class IV Type - II.

How the guideline value of Sri Ram Nagar 2nd Street has changed

The guideline value for Sri Ram Nagar 2nd Street has undergone several revisions over the years. Starting from the 2002 revision, the guideline value was Rs 555 per sq.ft. This increased to Rs 598 per sq.ft in 2003, marking an 8% increase. The value saw a significant rise to Rs 2,500 per sq.ft in 2007, which was a 318% increase. In 2012, the value adjusted to Rs 4,500 per sq.ft, reflecting an 80% increase from the previous revision.

From 2012 to 2017, the guideline value decreased to Rs 3,015 per sq.ft, representing a 33% decline. The value then increased to Rs 4,500 per sq.ft in 2023, a 49% increase. The most recent revision in 2024 set the guideline value at Rs 5,000 per sq.ft, which is an 11% increase from the previous year.

Guideline values in Kottur

In Kottur, there are 114 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value for these streets is Rs 6,100 per sq.ft, placing Sri Ram Nagar 2nd Street's 2024 figure below that median.

Stamp duty and registration fee for property in Sri Ram Nagar 2nd 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 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 Nagar 2nd Street?

The Sub Registrar Office that covers Sri Ram Nagar 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 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 minimum value at which a property can be registered, ensuring that the transaction is recorded at a fair value according to government standards.

When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value for Sri Ram Nagar 2nd Street?

The current guideline value for Sri Ram Nagar 2nd 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, with various increases and decreases noted in the revisions.

What is the land classification for Sri Ram Nagar 2nd Street?

Sri Ram Nagar 2nd Street is classified as Residential Class IV Type - II.

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

The Adayar Sub Registrar Office covers Sri Ram Nagar 2nd Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are 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 total fee of Rs 4,50,000.