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Guideline Value

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Guideline Value for Tamil Nadu Housing Board 4th Main Road

₹5000/sq.ft.

The guideline value for Tamil Nadu Housing Board 4th 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 ₹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 4th Main Road

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Tamil Nadu Housing Board 4th Main Road guideline value

The current guideline value for Tamil Nadu Housing Board 4th 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, and is classified as Residential Class IV Type - II.

How the guideline value of Tamil Nadu Housing Board 4th Main Road has changed

The guideline value for Tamil Nadu Housing Board 4th Main Road has seen several revisions over the years. The register indicates that in 2002, the guideline value was Rs 632 per sq.ft, which increased to Rs 681 per sq.ft in 2003, marking an 8% rise. Following this, the value surged significantly to Rs 3,000 per sq.ft in 2007, reflecting a 341% increase. The value then adjusted to Rs 4,500 per sq.ft in 2012, which was a decrease of 33% from the previous revision. In 2017, it further increased to Rs 3,015 per sq.ft, and by 2023, it reached Rs 4,500 per sq.ft again. The latest revision in 2024 has set the value at Rs 5,000 per sq.ft, which is an 11% increase from the previous year.

Overall, from 2002 to 2024, the guideline value has increased by 691%. It is important to note that there are no figures available for the years not listed in the register for this street.

Guideline values in Kottur

In Kottur, there are 114 streets under the Adayar SRO that have 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 4th Main Road is below this median.

Stamp duty and registration fee for property in Tamil Nadu Housing Board 4th Main Road

For a 1,000 sq.ft plot at the current rate of Rs 5,000 per sq.ft, the 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, leading to a total of Rs 4,50,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Tamil Nadu Housing Board 4th Main Road?

The Tamil Nadu Housing Board 4th Main Road falls under the jurisdiction of 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 Kottur

The guideline value is a critical factor when buying or selling property in Kottur. It serves as a benchmark for determining the minimum value of a property for registration purposes. Buyers and sellers must be aware that the guideline value will influence the stamp duty and registration fees applicable during the transaction.

When a property is registered, the guideline value is used to calculate the necessary fees. This ensures that the transaction is recorded at a value that reflects the prevailing rates in the area, thereby maintaining transparency in property dealings.

Frequently asked questions

What is the current guideline value for Tamil Nadu Housing Board 4th Main Road?

The current guideline value for Tamil Nadu Housing Board 4th 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 from Rs 632 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, reflecting various increases and decreases across the revisions.

What is the land classification for Tamil Nadu Housing Board 4th Main Road?

The land classification for Tamil Nadu Housing Board 4th 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%.