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Guideline Value

Corporate

Guideline Value for Sri Ram Nagar 5th Street

₹5000/sq.ft.

The guideline value for Sri Ram Nagar 5th 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 5th Street

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Sri Ram Nagar 5th Street guideline value

The current guideline value of Sri Ram Nagar 5th 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 5th Street has changed

The guideline value for Sri Ram Nagar 5th Street has undergone several revisions over the years. In 2002, the guideline value was Rs 555 per sq.ft, which increased to Rs 598 per sq.ft in 2003. Following that, the value saw a significant rise to Rs 2,500 per sq.ft in 2007. The 2012 revision set the value at Rs 4,500 per sq.ft, but it dropped to Rs 3,015 per sq.ft in 2017. The value then increased to Rs 4,500 per sq.ft in 2023, culminating in the current figure of Rs 5,000 per sq.ft in 2024.

Between revisions, the changes varied significantly. From 2002 to 2003, there was an increase of 8%. The jump from 2003 to 2007 was substantial at 318%. The value then rose by 80% from 2007 to 2012, but saw a decrease of 33% from 2012 to 2017. After that, the value increased by 49% from 2017 to 2023, and finally, there was an 11% increase from 2023 to 2024.

Guideline values in Kottur

In Kottur, 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 value for these streets is Rs 6,100 per sq.ft, placing Sri Ram Nagar 5th Street's 2024 figure below that median.

Stamp duty and registration fee for property in Sri Ram Nagar 5th Street

For a 1,000 sq.ft plot at the current rate of Rs 5,000 per sq.ft, the guideline value would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, while the registration fee at 2% would be Rs 1,00,000, totaling Rs 4,50,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Sri Ram Nagar 5th Street?

The Sub Registrar Office that covers Sri Ram Nagar 5th 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 an essential factor during property registration in Kottur. It serves as a benchmark for determining the minimum value of properties, ensuring that transactions are conducted at a fair price as per the regulations set by the Registration Department.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees. It is important to note that these fees are based on the higher of the guideline value or the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Sri Ram Nagar 5th Street?

The current guideline value of Sri Ram Nagar 5th 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 over the years, starting from Rs 555 per sq.ft in 2002, reaching Rs 5,000 per sq.ft in 2024, with various increases and decreases in between.

What is the land classification for Sri Ram Nagar 5th Street?

Sri Ram Nagar 5th Street is classified as Residential Class IV Type - II, indicating its suitability for residential purposes.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 50,00,000, the stamp duty would be Rs 3,50,000, and the registration fee would be Rs 1,00,000, totaling Rs 4,50,000.

Where is the Adayar Sub Registrar Office located?

The Adayar Sub Registrar Office is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, and is responsible for property registrations in the area.