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Guideline Value

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Guideline Value for Tamil Nadu Housing Board 5th Main Road

₹5000/sq.ft.

The guideline value for Tamil Nadu Housing Board 5th 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 5th Main Road

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Tamil Nadu Housing Board 5th Main Road guideline value

The current guideline value for Tamil Nadu Housing Board 5th 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 falls under Residential Class IV Type - II land classification.

How the guideline value of Tamil Nadu Housing Board 5th Main Road has changed

The guideline value for Tamil Nadu Housing Board 5th Main Road has seen several revisions over the years. The earliest recorded revision in 2002 was Rs 632 per sq.ft, which increased to Rs 681 per sq.ft in 2003, marking an 8% increase. Following this, the value surged significantly to Rs 3,000 per sq.ft in 2007, reflecting a 341% increase. In 2012, the value was recorded at Rs 4,500 per sq.ft, showing a 50% rise from the previous revision.

In 2017, the guideline value decreased to Rs 3,015 per sq.ft, indicating a 33% decline. However, this was followed by a substantial increase to Rs 4,500 per sq.ft in 2023, which was a 49% rise. The latest revision in 2024 set the guideline value at Rs 5,000 per sq.ft, representing an 11% increase from the previous year. There are no figures available for the years not mentioned 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. The median value is Rs 6,100 per sq.ft, making the guideline value for Tamil Nadu Housing Board 5th Main Road below this median.

Stamp duty and registration fee for property in Tamil Nadu Housing Board 5th 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 at 7% would amount to 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 important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Tamil Nadu Housing Board 5th Main Road?

The Tamil Nadu Housing Board 5th Main Road is covered by 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

When buying or selling property in Kottur, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

It is essential for buyers and sellers to be aware of the current guideline value to ensure compliance with local regulations and to accurately estimate the costs involved in the transaction.

Frequently asked questions

What is the current guideline value for Tamil Nadu Housing Board 5th Main Road?

The current guideline value for Tamil Nadu Housing Board 5th 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 several times, starting from Rs 632 per sq.ft in 2002 to Rs 5,000 per sq.ft in 2024, reflecting various increases and decreases over the years.

What is the land classification for Tamil Nadu Housing Board 5th Main Road?

The land classification for Tamil Nadu Housing Board 5th 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 the stamp duty calculated for property transactions?

The stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, along with a registration fee of 2% of the guideline value.