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Guideline Value

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Guideline Value for Tamil Nadu Housing Board 3rd Main Road

₹5000/sq.ft.

The guideline value for Tamil Nadu Housing Board 3rd Main Road 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 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 Tamil Nadu Housing Board 3rd Main Road

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Tamil Nadu Housing Board 3rd Main Road guideline value

The current guideline value for Tamil Nadu Housing Board 3rd Main Road is Rs 5,000 per sq.ft, effective from 1 July 2024. This street is located in Kottur village under the Adayar SRO, classified as Residential Class IV Type - II.

How the guideline value of Tamil Nadu Housing Board 3rd Main Road has changed

The guideline value for Tamil Nadu Housing Board 3rd Main Road has undergone several revisions over the years. Starting from the 2003 revision, the value was Rs 681 per sq.ft. This increased significantly to Rs 3,000 per sq.ft in 2007, marking a rise of 341%. In 2012, the value changed to Rs 4,500 per sq.ft, which was a decrease of 33% from the previous revision. The 2017 revision saw an increase to Rs 3,015 per sq.ft, followed by a substantial rise to Rs 4,500 per sq.ft in 2023, which was a 49% increase. The most recent revision in 2024 set the guideline value at Rs 5,000 per sq.ft, reflecting an 11% increase from 2023.

It is important to note that the register has no figure for the year 2002 for this street. Overall, from 2003 to 2024, the guideline value has increased by 634%.

Guideline values in Kottur

In Kottur, there are 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 Tamil Nadu Housing Board 3rd Main Road is below this median.

Stamp duty and registration fee for property in Tamil Nadu Housing Board 3rd Main Road

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 is charged at 7%, amounting to Rs 3,50,000, and the registration fee is at 2%, which is Rs 1,00,000. Together, the total cost for stamp duty and registration fee would be Rs 4,50,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Tamil Nadu Housing Board 3rd Main Road?

The Tamil Nadu Housing Board 3rd Main Road falls under the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kottur. It is used to determine the amount of stamp duty and registration fees that need to be paid. Buyers must ensure that they are aware of the current guideline value to avoid any discrepancies during the registration process.

When a property is sold, the guideline value acts as a benchmark to ensure that the sale price is in line with the current market conditions as reflected by the government. This helps maintain transparency in property transactions and ensures that all parties are aware of the financial obligations involved.

Frequently asked questions

What is the current guideline value for Tamil Nadu Housing Board 3rd Main Road?

The current guideline value for Tamil Nadu Housing Board 3rd Main Road 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 multiple times, starting from Rs 681 per sq.ft in 2003 to Rs 5,000 per sq.ft in 2024, marking an overall increase of 634% over the years.

What is the land classification for Tamil Nadu Housing Board 3rd Main Road?

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

Where can I find the Adayar Sub Registrar Office?

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

How is stamp duty calculated for properties in Kottur?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 50,00,000 would incur a stamp duty of Rs 3,50,000 at a rate of 7%.