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Guideline Value

Corporate

Guideline Value for Sri Ram Nagar 3rd Street

₹5000/sq.ft.

The guideline value for Sri Ram Nagar 3rd 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 ₹637 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹591 /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 3rd Street

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Sri Ram Nagar 3rd Street guideline value

The current guideline value of Sri Ram Nagar 3rd Street is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Kottur village and falls under the Adayar SRO with a land classification of Residential Class IV Type - II.

How the guideline value of Sri Ram Nagar 3rd Street has changed

The guideline value for Sri Ram Nagar 3rd Street has seen several revisions over the years. In 2002, the value was Rs 591 per sq.ft, which increased to Rs 637 per sq.ft in 2003. Following this, a significant rise occurred, with the value reaching Rs 2,500 per sq.ft in 2007, marking an increase of 292%. The value then changed to Rs 4,500 per sq.ft in 2012, reflecting an 80% increase from the previous revision. However, there was a decrease of 33% to Rs 3,015 per sq.ft in 2017. The guideline value then rose to Rs 4,500 per sq.ft in 2023, before reaching the current figure of Rs 5,000 per sq.ft in 2024, which is an 11% increase.

Overall, from 2002 to 2024, the guideline value has increased by 746%. It is important to note that the register has no figure for this street in the years not mentioned.

Guideline values in Kottur

In Kottur village, there are 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 for these streets is Rs 6,100 per sq.ft, placing Sri Ram Nagar 3rd Street's 2024 figure below that median.

Stamp duty and registration fee for property in Sri Ram Nagar 3rd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,000 per sq.ft, the total guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, making the total fees together Rs 4,50,000. 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 Nagar 3rd Street?

The Sub Registrar Office that covers Sri Ram Nagar 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 Kottur

The guideline value is a crucial factor when registering property transactions in Kottur. It serves as a benchmark for determining the minimum value of a property for the purpose of calculating stamp duty and registration fees. Buyers and sellers must be aware of the guideline value to ensure compliance with local regulations during the transaction process.

When a property is sold, the guideline value is used to assess the applicable duties. If the sale price is higher than the guideline value, the duty is charged on the sale price. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

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

The current guideline value of Sri Ram Nagar 3rd 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 from Rs 591 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of 746% over this period.

What is the stamp duty rate for properties in Sri Ram Nagar 3rd Street?

The stamp duty rate for properties in Sri Ram Nagar 3rd Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Sri Ram Nagar 3rd Street?

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

What is the median guideline value for streets in Kottur?

The median guideline value for streets in Kottur is Rs 6,100 per sq.ft, with Sri Ram Nagar 3rd Street's current value being below this median.