Guideline Value

Corporate

Guideline Value for Srinivasa Nagar Main Road

₹3900/sq.ft.

The guideline value for Srinivasa Nagar Main Road 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 N/A
From 1-4-2003 To 31-7-2007 N/A
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 Main Road

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 Nagar Main Road guideline value

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

How the guideline value of Srinivasa Nagar Main Road has changed

The guideline value for Srinivasa Nagar Main Road has undergone several revisions over the years. The 2012 revision set the value at Rs 3,500 per sq.ft, which remained unchanged in 2017. However, in 2017, the value increased to Rs 2,345 per sq.ft, marking a significant drop of 33%. The 2023 revision saw an increase to Rs 3,500 per sq.ft, followed by a further increase to Rs 3,900 per sq.ft in 2024, which is an 11% rise from the previous year.

From 2012 to 2024, the overall change in guideline value is an increase of 11%. The revisions for the years 2002, 2003, and 2007 have no figures listed for this street in the register.

Guideline values in Kottivakkam

Kottivakkam has a total of 284 streets under the Adayar SRO carrying a 2024 guideline value, ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median value for these streets is Rs 3,900 per sq.ft, which is equal to the current guideline value of Srinivasa Nagar Main Road.

Stamp duty and registration fee for property in Srinivasa Nagar Main Road

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

Which Sub Registrar Office covers Srinivasa Nagar Main Road?

The Sub Registrar Office that covers Srinivasa Nagar Main Road 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 Kottivakkam

The guideline value is a critical 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 applicable to the transaction.

When a property is registered, the guideline value is used to calculate the fees, ensuring that the transaction is documented at a value recognized by the authorities. This helps maintain transparency and consistency in property transactions within the region.

Frequently asked questions

What is the current guideline value of Srinivasa Nagar Main Road?

The current guideline value of Srinivasa Nagar Main Road 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 3,500 per sq.ft in 2012 to Rs 3,900 per sq.ft in 2024, with notable revisions in 2017 and 2023. The overall change from 2012 to 2024 is an increase of 11%.

What is the role of the Adayar SRO?

The Adayar SRO is responsible for property registration in the Kottivakkam area, including Srinivasa Nagar Main Road. It ensures that all property transactions are documented according to the guideline values set forth by the registration department.

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 of the property. The current rate is 7% for stamp duty and 2% for the registration fee.

Where can I find more information about guideline values?

More information about guideline values can be found on the Registration Department's official website or by visiting the Adayar Sub Registrar Office.