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Guideline Value

Corporate

Guideline Value for Thiruvalluvar Nagar 3rd Street

₹5000/sq.ft.

The guideline value for Thiruvalluvar Nagar 3rd 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 N/A
From 1-4-2003 To 31-7-2007 N/A
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 Thiruvalluvar Nagar 3rd Street

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Thiruvalluvar Nagar 3rd Street guideline value

The current guideline value of Thiruvalluvar Nagar 3rd 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 Thiruvalluvar Nagar 3rd Street has changed

The guideline value for Thiruvalluvar Nagar 3rd Street has seen several revisions over the years. The 2012 revision set the value at Rs 4,500 per sq.ft, which was then reduced to Rs 3,015 per sq.ft in 2017. Following this, the 2023 revision increased it to Rs 4,500 per sq.ft, and the latest 2024 revision brought it to Rs 5,000 per sq.ft. Notably, there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The overall change from 2012 to 2024 shows an increase of 11%, reflecting the latest revision in 2024.

Guideline values in Kottur

Kottur village has a total of 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. Thiruvalluvar Nagar 3rd Street's current 2024 guideline value is below this median.

Stamp duty and registration fee for property in Thiruvalluvar Nagar 3rd 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 fees 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 calculate your fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Thiruvalluvar Nagar 3rd Street?

The Sub Registrar Office that covers Thiruvalluvar Nagar 3rd Street is 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 property transactions in Kottur. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. It is essential for both buyers and sellers to be aware of this value to ensure compliance with the registration process.

During the registration of property, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that all transactions are fairly assessed according to the established values in the area.

Frequently asked questions

What is the current guideline value of Thiruvalluvar Nagar 3rd Street?

The current guideline value of Thiruvalluvar Nagar 3rd 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 4,500 per sq.ft in 2012 to Rs 3,015 per sq.ft in 2017, then to Rs 4,500 per sq.ft in 2023, and finally to Rs 5,000 per sq.ft in 2024.

What is the land classification for Thiruvalluvar Nagar 3rd Street?

Thiruvalluvar Nagar 3rd Street is classified as Residential Class IV Type - II.

What are the stamp duty rates for properties in this area?

The stamp duty for properties in Thiruvalluvar Nagar 3rd Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office located for this street?

The Adayar Sub Registrar Office, which covers Thiruvalluvar Nagar 3rd Street, is located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.