Guideline Value

Corporate

Guideline Value for Sri Ram Nagar Main Road

₹5000/sq.ft.

The guideline value for Sri Ram Nagar Main Road 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 ₹3000 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹1960 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹1819 /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 Main Road

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Sri Ram Nagar Main Road guideline value

The current guideline value of Sri Ram Nagar Main Road is Rs 5,000 per sq.ft, effective from 1 July 2024. This road is located in Kottur village, under the Adayar Sub Registrar Office (SRO), and is classified as Residential Class IV Type - II.

How the guideline value of Sri Ram Nagar Main Road has changed

The guideline value for Sri Ram Nagar Main Road has seen several revisions over the years. In 2002, the guideline value was Rs 1,819 per sq.ft, which increased to Rs 1,960 per sq.ft in 2003. Following this, the value rose significantly to Rs 3,000 per sq.ft in 2007, and then to Rs 4,500 per sq.ft in 2012. However, there was a decrease to Rs 3,015 per sq.ft in 2017. The next revision in 2023 saw an increase to Rs 4,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 5,000 per sq.ft.

From 2017 to 2023, the guideline value increased by 49%, while the jump from 2023 to 2024 was 11%. The overall increase from 2002 to 2024 is 175%. The register has no figure for the years not listed above.

Guideline values in Kottur

Kottur village has a range of guideline values for its streets, with 114 streets under the Adayar SRO carrying a 2024 figure 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 the Sri Ram Nagar Main Road's 2024 figure below that median.

Stamp duty and registration fee for property in Sri Ram Nagar Main Road

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, 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 or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Sri Ram Nagar Main Road?

The Sri Ram Nagar Main Road falls under 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 reference point used by the registration department to determine the stamp duty and registration fees when buying or selling property. It is essential for both buyers and sellers to be aware of the current guideline value to ensure accurate financial planning during property transactions.

When a property is registered, the guideline value serves as a basis for calculating the applicable fees. Buyers should be prepared to pay stamp duty based on the guideline value or the sale price, whichever is higher, to comply with the legal requirements of property transactions.

Frequently asked questions

What is the current guideline value of Sri Ram Nagar Main Road?

The current guideline value of Sri Ram Nagar Main Road 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 1,819 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, with several revisions in between. The most notable changes include a 49% increase from 2017 to 2023 and an 11% increase from 2023 to 2024.

What is the range of guideline values for other streets in Kottur?

The guideline values for other streets in Kottur range from Rs 3,300 to Rs 15,400 per sq.ft, with a median value of Rs 6,100 per sq.ft. Sri Ram Nagar Main Road's 2024 figure is below this median.

What are the stamp duty and registration fees for properties on Sri Ram Nagar Main Road?

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. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Sri Ram Nagar Main Road located?

The Sub Registrar Office covering Sri Ram Nagar Main Road is the Adayar SRO, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.