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Guideline Value

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Guideline Value for Tamil Nadu Housing Board 3rd Cross Street

₹5000/sq.ft.

The guideline value for Tamil Nadu Housing Board 3rd 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 3rd Cross Street

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Tamil Nadu Housing Board 3rd Cross Street guideline value

The current guideline value for Tamil Nadu Housing Board 3rd 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 the land classification is Residential Class IV Type - II.

How the guideline value of Tamil Nadu Housing Board 3rd Cross Street has changed

The guideline value for Tamil Nadu Housing Board 3rd Cross Street has seen several revisions over the years. In 2002, the guideline value was Rs 632 per sq.ft, which increased to Rs 681 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, it decreased to Rs 3,015 per sq.ft in 2017. The value then increased to Rs 4,500 per sq.ft in 2023, before reaching the current rate of Rs 5,000 per sq.ft in 2024.

The changes between these revisions reflect a notable fluctuation in the guideline values. From 2002 to 2024, there has been an overall increase of 691%. Specifically, the change from 2017 to 2023 was +49%, while the shift from 2023 to 2024 was +11%. The 2012 to 2017 period saw a decrease of 33%, and the 2007 to 2012 period experienced a rise of 50%. The 2003 to 2007 revision marked a substantial increase of 341%, and from 2002 to 2003, there was an 8% increase.

Guideline values in Kottur

In Kottur village, there are 114 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 3,300 to Rs 15,400 per sq.ft. The median value for these streets is Rs 6,100 per sq.ft, which indicates that the guideline value for Tamil Nadu Housing Board 3rd Cross Street is below this median.

Stamp duty and registration fee for property in Tamil Nadu Housing Board 3rd 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 to Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for precise calculations.

Which Sub Registrar Office covers Tamil Nadu Housing Board 3rd Cross Street?

The Tamil Nadu Housing Board 3rd Cross Street falls under the jurisdiction of the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. To locate your SRO, you can find your SRO.

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

The guideline value is a crucial factor in the property registration process in Kottur. It serves as a benchmark for calculating stamp duty and registration fees when buying or selling property. Buyers and sellers must be aware of the guideline value to ensure they comply with legal requirements during the transaction.

When a property is sold, the guideline value helps determine the official value of the property for registration purposes. This ensures that the government receives the appropriate revenue from stamp duty and registration fees based on the established guideline value.

Frequently asked questions

What is the current guideline value for Tamil Nadu Housing Board 3rd Cross Street?

The current guideline value for Tamil Nadu Housing Board 3rd 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 from Rs 632 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, reflecting an overall increase of 691% over the years.

What is the land classification for Tamil Nadu Housing Board 3rd Cross Street?

The land classification for Tamil Nadu Housing Board 3rd Cross Street is Residential Class IV Type - II.

What is the stamp duty rate for properties in Tamil Nadu Housing Board 3rd Cross Street?

The stamp duty rate for properties in Tamil Nadu is 7%, which is calculated based on the higher of the guideline value or the sale price.

Where can I find the Sub Registrar Office for Tamil Nadu Housing Board 3rd Cross Street?

The Sub Registrar Office covering Tamil Nadu Housing Board 3rd Cross Street is the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.