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Guideline Value

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Guideline Value for Tamil Nadu Housing Board 5th Cross Street

₹5000/sq.ft.

The guideline value for Tamil Nadu Housing Board 5th 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 5th Cross Street

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Tamil Nadu Housing Board 5th Cross Street guideline value

The current guideline value of Tamil Nadu Housing Board 5th 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 5th Cross Street has changed

The guideline value for Tamil Nadu Housing Board 5th 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, marking an increase of 8%. The value continued to rise significantly, reaching Rs 3,000 per sq.ft in 2007, an increase of 341%. By 2012, the value was Rs 4,500 per sq.ft, reflecting a 50% increase from the previous revision. However, in 2017, it dropped to Rs 3,015 per sq.ft, a decrease of 33%. The value then rose again to Rs 4,500 per sq.ft in 2023, before reaching the current rate of Rs 5,000 per sq.ft in 2024, representing an increase of 11%.

Overall, from 2002 to 2024, the guideline value has increased by 691%. The register has no figures for the years not mentioned in this summary.

Guideline values in Kottur

In Kottur, 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, with a median value of Rs 6,100 per sq.ft. The guideline value for Tamil Nadu Housing Board 5th Cross Street is below this median.

Stamp duty and registration fee for property in Tamil Nadu Housing Board 5th 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 would be Rs 50,00,000. The stamp duty at 7% would amount to Rs 3,50,000, and the registration fee at 2% would be Rs 1,00,000, making the total fees Rs 4,50,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Tamil Nadu Housing Board 5th Cross Street?

The Tamil Nadu Housing Board 5th 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 further assistance.

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

The guideline value is an essential factor when registering property transactions in Kottur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the higher value between the guideline value and the sale price is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Tamil Nadu Housing Board 5th Cross Street?

The current guideline value of Tamil Nadu Housing Board 5th 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 the current Rs 5,000 per sq.ft in 2024, reflecting an overall increase of 691% over the years.

What is the classification of land for Tamil Nadu Housing Board 5th Cross Street?

Tamil Nadu Housing Board 5th Cross Street is classified as Residential Class IV Type - II under the relevant regulations.

Where can I find the Sub Registrar Office for this street?

The Adayar Sub Registrar Office covers Tamil Nadu Housing Board 5th Cross Street, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is the stamp duty calculated for properties in Kottur?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 50,00,000, the stamp duty would be calculated accordingly.