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Guideline Value

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Guideline Value for Tamil Nadu Housing Board 1st Cross Street

₹5000/sq.ft.

The guideline value for Tamil Nadu Housing Board 1st Cross Street 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 ₹681 /sq.ft.
From 1-4-2002 To 31-3-2003 ₹632 /sq.ft.
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 Tamil Nadu Housing Board 1st Cross Street

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Tamil Nadu Housing Board 1st Cross Street guideline value

The current guideline value for Tamil Nadu Housing Board 1st Cross Street 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 Tamil Nadu Housing Board 1st Cross Street has changed

The guideline value for Tamil Nadu Housing Board 1st Cross Street has seen several revisions over the years. Starting from the 2002 revision, the value was Rs 632 per sq.ft, which increased to Rs 681 per sq.ft in 2003. The following revisions saw significant increases, with the 2007 revision marking a value of Rs 3,000 per sq.ft. By 2012, the value was Rs 4,500 per sq.ft, but it dropped to Rs 3,015 per sq.ft in 2017. The 2023 revision increased it to Rs 4,500 per sq.ft, and the current 2024 revision is Rs 5,000 per sq.ft.

Notably, the changes between revisions include a +8% increase from 2002 to 2003, a +341% increase from 2003 to 2007, a +50% increase from 2007 to 2012, a -33% decrease from 2012 to 2017, a +49% increase from 2017 to 2023, and an +11% increase from 2023 to 2024. Overall, from 2002 to 2024, the guideline value has increased by +691%.

Guideline values in Kottur

In Kottur, there are 114 streets under the Adayar SRO, with 2024 guideline values ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median guideline value for these streets is Rs 6,100 per sq.ft, making the current guideline value for Tamil Nadu Housing Board 1st Cross Street below the median.

Stamp duty and registration fee for property in Tamil Nadu Housing Board 1st Cross Street

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

Which Sub Registrar Office covers Tamil Nadu Housing Board 1st Cross Street?

The Tamil Nadu Housing Board 1st Cross Street 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 an essential factor in property transactions in Kottur. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers should be aware that the guideline value is used to calculate the stamp duty and registration fees during the property registration process.

When you buy or sell property, the guideline value helps ensure that the transaction is recorded at a fair value. It is crucial for both parties to understand the guideline value to avoid any disputes during the registration process.

Frequently asked questions

What is the current guideline value for Tamil Nadu Housing Board 1st Cross Street?

The current guideline value for Tamil Nadu Housing Board 1st Cross Street 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 several times, starting from Rs 632 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, marking a significant overall increase of +691%.

What is the stamp duty for property in Tamil Nadu Housing Board 1st Cross Street?

The stamp duty for property in Tamil Nadu Housing Board 1st Cross Street is 7% of the guideline value or sale price, whichever is higher.

Where is the Adayar Sub Registrar Office located?

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

How does the guideline value affect property transactions?

The guideline value is used to determine the minimum value for property registration and is essential for calculating stamp duty and registration fees. It helps ensure that transactions are recorded at a fair value.