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Guideline Value

Corporate

Guideline Value for Srinivasa Nagar 1st Street

₹3900/sq.ft.

The guideline value for Srinivasa Nagar 1st Street in Kottivakkam village (Adayar SRO, Chennai zone) is Rs 3900 per sq.ft, effective 1 July 2024. It was Rs 3500 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Ii Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottivakkam

Village

Adayar

SRO

Residential Class II Type - I
History
Period Guideline Value
From 1-7-2024 ₹3900 /sq.ft.
From 1-4-2023 ₹3500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2345 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹3500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹2400 /sq.ft.
From 1-4-2003 To 31-7-2007 ₹381 /sq.ft.
From 1-4-2002 To 31-3-2003 N/A
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 Srinivasa Nagar 1st Street

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Srinivasa Nagar 1st Street guideline value

The current guideline value of Srinivasa Nagar 1st Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village under the Adayar SRO, classified as Residential Class II Type - I.

How the guideline value of Srinivasa Nagar 1st Street has changed

The guideline value for Srinivasa Nagar 1st Street has undergone several revisions over the years. In 2003, the value was Rs 381 per sq.ft, which increased significantly to Rs 2,400 per sq.ft in 2007. The value then rose to Rs 3,500 per sq.ft in 2012, but experienced a decline to Rs 2,345 per sq.ft in 2017. Following this, the value saw a substantial increase to Rs 3,500 per sq.ft in 2023, and then to the current rate of Rs 3,900 per sq.ft in 2024, marking an 11% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 924%. It is important to note that there is no figure available for the year 2002 in the register for this street.

Guideline values in Kottivakkam

Kottivakkam village features a range of guideline values across its 284 streets, with the 2024 figures ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median guideline value for the village is Rs 3,900 per sq.ft, which is the same as the current figure for Srinivasa Nagar 1st Street.

Stamp duty and registration fee for property in Srinivasa Nagar 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, leading to a total of Rs 3,51,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Srinivasa Nagar 1st Street?

The Sub Registrar Office that covers Srinivasa Nagar 1st Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Kottivakkam

The guideline value is a crucial factor in the registration process when buying or selling property in Kottivakkam. 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 used to ensure that the transaction is recorded accurately, reflecting the official value set by the government. This helps in maintaining transparency in property dealings and ensures compliance with legal requirements.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar 1st Street?

The current guideline value of Srinivasa Nagar 1st Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 381 per sq.ft in 2003 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 924% over this period.

What is the registration office for Srinivasa Nagar 1st Street?

The registration office for Srinivasa Nagar 1st Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties in Kottivakkam?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 at a rate of 7%.

What other streets in Kottivakkam have the same guideline value?

Other streets in Kottivakkam with the same guideline value of Rs 3,900 per sq.ft include Srinivasa Nagar 2nd Street, Srinivasa Nagar, Srinivasa Nagar Main Road, and various streets in Sri Ram Avenue.