Guideline Value

Corporate

Guideline Value for Srinivasa Murthy Avenue

₹5000/sq.ft.

The guideline value for Srinivasa Murthy Avenue 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 ₹1006 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹933 /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 Srinivasa Murthy Avenue

Need Complete Property Verification?

Get ownership details, EC records, FMB, zone checks, geo-insights & AI analysis - all in one place

Ownership Details
EC Records
FMB Sketch
Zone Checks
Geo-Insights
AI Analysis
Try VerifyMyLand Now ✨ Get comprehensive property verification in minutes

Srinivasa Murthy Avenue guideline value

The current guideline value of Srinivasa Murthy Avenue 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 Srinivasa Murthy Avenue has changed

The guideline value for Srinivasa Murthy Avenue has seen several revisions over the years. Starting from Rs 933 per sq.ft in 2002, it increased to Rs 1,006 per sq.ft in 2003. The value continued to rise significantly, reaching Rs 3,000 per sq.ft in 2007, followed by Rs 4,500 per sq.ft in 2012. However, there was a decrease to Rs 3,015 per sq.ft in 2017, before increasing again to Rs 4,500 per sq.ft in 2023. The most recent revision in 2024 set the guideline value at Rs 5,000 per sq.ft.

In terms of percentage changes, from 2002 to 2003, the guideline value increased by 8%. From 2003 to 2007, it rose by 198%. The value then increased by 50% from 2007 to 2012, but saw a decline of 33% from 2012 to 2017. After that, it increased by 49% from 2017 to 2023, and finally, there was an increase of 11% from 2023 to 2024. Overall, the guideline value has increased by 436% from 2002 to 2024.

Guideline values in Kottur

Kottur village has 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 Srinivasa Murthy Avenue is below this median.

Stamp duty and registration fee for property in Srinivasa Murthy Avenue

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 Rs 4,50,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Srinivasa Murthy Avenue?

The Sub Registrar Office that covers Srinivasa Murthy Avenue 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 benchmark for determining the minimum value of a property for registration purposes. When a property is sold, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher.

During the registration process, the guideline value ensures that the property is valued fairly and transparently. This helps in maintaining a standard for property transactions within the area, providing clarity for both buyers and sellers.

Frequently asked questions

What is the current guideline value of Srinivasa Murthy Avenue?

The current guideline value of Srinivasa Murthy Avenue 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 from Rs 933 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of 436% over the years.

What is the stamp duty rate applicable in Kottur?

The stamp duty rate applicable in Kottur is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Srinivasa Murthy Avenue?

The Sub Registrar Office for Srinivasa Murthy Avenue is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

What is the median guideline value in Kottur?

The median guideline value in Kottur is Rs 6,100 per sq.ft, with Srinivasa Murthy Avenue's current value being below this median.