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Guideline Value

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Guideline Value for Sri Ram Nagar 4th Street

₹5000/sq.ft.

The guideline value for Sri Ram Nagar 4th 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 4th Street

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Sri Ram Nagar 4th Street guideline value

The current guideline value of Sri Ram Nagar 4th 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 is classified as Residential Class IV Type - II.

How the guideline value of Sri Ram Nagar 4th Street has changed

The guideline value for Sri Ram Nagar 4th Street has undergone several revisions since 2002. The figures are as follows: in 2002, the value was Rs 555 per sq.ft, which increased to Rs 598 per sq.ft in 2003. The value saw a significant rise to Rs 2,500 per sq.ft in 2007, and then it increased to Rs 4,500 per sq.ft in 2012. However, there was a decrease to Rs 3,015 per sq.ft in 2017. The value then rose again to Rs 4,500 per sq.ft in 2023, before reaching the current value of Rs 5,000 per sq.ft in 2024. The register has no figure for the years between these revisions.

From 2002 to 2024, the overall change in the guideline value is an increase of 801%. The most notable changes include a 318% increase from 2002 to 2007, followed by an 80% increase from 2007 to 2012. The value then decreased by 33% from 2012 to 2017, but saw a significant increase of 49% from 2017 to 2023, and finally an 11% increase from 2023 to 2024.

Guideline values in Kottur

Kottur village has a total of 114 streets under the Adayar SRO, with 2024 guideline values 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, placing Sri Ram Nagar 4th Street's value below that median.

Stamp duty and registration fee for property in Sri Ram Nagar 4th 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, totaling 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.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ram Nagar 4th Street?

The Sub Registrar Office that covers Sri Ram Nagar 4th Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for further assistance.

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 stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Ram Nagar 4th Street?

The current guideline value of Sri Ram Nagar 4th 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 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 median guideline value in Kottur?

The median guideline value in Kottur is Rs 6,100 per sq.ft, while Sri Ram Nagar 4th Street's value is below this median.

What are the stamp duty and registration fees for a property in Sri Ram Nagar 4th Street?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty and registration fees would amount to Rs 4,50,000, which includes Rs 3,50,000 for stamp duty and Rs 1,00,000 for registration fees.

Where is the Sub Registrar Office for Sri Ram Nagar 4th Street located?

The Sub Registrar Office for Sri Ram Nagar 4th Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.