Guideline Value

Corporate

Guideline Value for Sri Ram Nagar Extension

₹5000/sq.ft.

The guideline value for Sri Ram Nagar Extension 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)

51, Kamaraj Avenue,second Street, Adyar, Chennai-20
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 Extension

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Sri Ram Nagar Extension guideline value

The current guideline value for Sri Ram Nagar Extension in Kottur village, under the Adayar SRO, is Rs 5,000 per sq.ft, effective from 1 July 2024. This area falls under Residential Class IV Type - II land classification.

How the guideline value of Sri Ram Nagar Extension has changed

The guideline value for Sri Ram Nagar Extension has seen several revisions over the years. Starting from Rs 555 per sq.ft in 2002, it increased to Rs 598 per sq.ft in 2003, marking an 8% rise. The value then experienced a significant jump 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% rise from the previous revision. However, from 2012 to 2017, it decreased to Rs 3,015 per sq.ft, indicating a 33% decline. The value rose again to Rs 4,500 per sq.ft in 2023, and finally reached Rs 5,000 per sq.ft in 2024, representing an 11% increase.

Overall, from 2002 to 2024, the guideline value has increased by 801%. It is important to note that there are no figures available for revisions in years other than those specified.

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, with a median value of Rs 6,100 per sq.ft. The guideline value for Sri Ram Nagar Extension is below this median.

Stamp duty and registration fee for property in Sri Ram Nagar Extension

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 cost for these fees 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.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ram Nagar Extension?

The Sub Registrar Office that covers Sri Ram Nagar Extension 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 buying or selling property in Kottur. It serves as a reference point for calculating stamp duty and registration fees during the property registration process. Buyers and sellers must consider this value to ensure compliance with local regulations and to understand the financial implications of their transactions.

When a property is registered, the guideline value is used to determine the applicable fees. The stamp duty is calculated based on the higher of the guideline value or the actual sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value for Sri Ram Nagar Extension?

The current guideline value for Sri Ram Nagar Extension 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 are the stamp duty and registration fees for property in Sri Ram Nagar Extension?

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.

Which Sub Registrar Office handles registrations for Sri Ram Nagar Extension?

The Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, handles registrations for Sri Ram Nagar Extension.

What is the land classification for Sri Ram Nagar Extension?

Sri Ram Nagar Extension is classified as Residential Class IV Type - II, indicating its designated use for residential purposes.