Guideline Value for Valliammai Achi Road (Kotturpuram)

Valliammai Achi Road (Kotturpuram) guideline value

The current guideline value of Valliammai Achi Road (Kotturpuram) is Rs 11,000 per sq.ft, effective from 1 July 2024. This road is located in Adayar village and falls under the Adayar SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Valliammai Achi Road (Kotturpuram) has changed

Since the 2012 revision, the guideline value for Valliammai Achi Road (Kotturpuram) has seen several changes. The 2012 revision set the guideline value at Rs 10,000 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 6,700 per sq.ft. The 2023 revision increased the value to Rs 10,000 per sq.ft, and the most recent 2024 revision raised it further to Rs 11,000 per sq.ft, marking a 10% increase from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. Notably, there are no figures available for the years 2002, 2003, and 2007 for this street in the register.

Guideline values in Adayar

In Adayar, there are 92 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 of Valliammai Achi Road (Kotturpuram) is above this median, reflecting its commercial classification.

• Upparpalayam Anna Street: Rs 5,500 per sq.ft (2024)
• Varathapuram 1st Street: Rs 6,600 per sq.ft (2024)
• Varathapuram 2nd Street: Rs 6,600 per sq.ft (2024)
• Varathapuram Thideer Nagar: Rs 5,500 per sq.ft (2024)
• Velacheri Road: Rs 10,500 per sq.ft (2024)
• Vellaiyan Road: Rs 10,500 per sq.ft (2024)

Stamp duty and registration fee for property in Valliammai Achi Road (Kotturpuram)

For a 1,000 sq.ft plot at the current guideline value of Rs 11,000 per sq.ft, the total guideline value amounts to Rs 1,10,00,000. The stamp duty, charged at 7%, would be Rs 7,70,000, and the registration fee at 2% would be Rs 2,20,000, bringing the total fees to Rs 9,90,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations based on your property.

Which Sub Registrar Office covers Valliammai Achi Road (Kotturpuram)?

The Sub Registrar Office that covers Valliammai Achi Road (Kotturpuram) 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 Adayar

The guideline value plays a crucial role in property transactions in Adayar. It is used to determine the stamp duty and registration fees that must be paid when registering a property. Buyers and sellers should be aware that the guideline value may influence the overall cost of the transaction.

When a property is sold, the guideline value is compared with the sale price, and the higher amount is used to calculate the applicable duties and fees. This ensures that the registration process is aligned with the official valuation of the property.

Frequently asked questions

What is the current guideline value of Valliammai Achi Road (Kotturpuram)?

The current guideline value of Valliammai Achi Road (Kotturpuram) is Rs 11,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 10,000 per sq.ft in 2012 to Rs 11,000 per sq.ft in 2024. The value saw a decrease in 2017 and a notable increase from 2023 to 2024.

What is the land classification for Valliammai Achi Road?

Valliammai Achi Road (Kotturpuram) is classified as Commercial Class I Type - II, indicating its commercial use and potential.

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. This office handles registrations for properties in the Adayar area.

How is stamp duty calculated for properties in Adayar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, if the guideline value is Rs 11,000 per sq.ft, this amount will be used for calculating the stamp duty and registration fees.