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Guideline Value

Corporate

Guideline Value for Vikram Sarabai Electronic Estate

₹4401/sq.ft.

The guideline value for Vikram Sarabai Electronic Estate in Kottivakkam village (Adayar SRO, Chennai zone) is Rs 4401 per sq.ft, effective 1 July 2024. It was Rs 4000 per sq.ft from 1 April 2023, a 10% change. The land classification is Industries Special Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottivakkam

Village

Adayar

SRO

Industries Special Type - I
History
Period Guideline Value
From 1-7-2024 ₹4401 /sq.ft.
From 1-4-2023 ₹4000 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹2680 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹4000 /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 Vikram Sarabai Electronic Estate

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Vikram Sarabai Electronic Estate guideline value

The current guideline value of Vikram Sarabai Electronic Estate is Rs 4,401 per sq.ft, effective from 1 July 2024. This estate is located in Kottivakkam village, under the Adayar SRO, and is classified as Industries Special Type - I.

How the guideline value of Vikram Sarabai Electronic Estate has changed

The guideline value for Vikram Sarabai Electronic Estate has undergone several revisions over the years. The 2012 revision set the guideline value at Rs 4,000 per sq.ft, which then decreased to Rs 2,680 per sq.ft in 2017. Following this, the 2023 revision increased the value to Rs 4,000 per sq.ft, and the most recent revision in 2024 raised it further to Rs 4,401 per sq.ft. The register has no figures for the years 2002, 2003, and 2007.

From 2012 to 2017, the guideline value decreased by 33%, while from 2017 to 2023, it increased by 49%. The change from 2023 to 2024 represents a 10% increase. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Kottivakkam

In Kottivakkam, there are 284 streets under the Adayar SRO that carry a 2024 guideline value ranging from Rs 1,700 to Rs 8,500 per sq.ft, with a median value of Rs 3,900 per sq.ft. The guideline value of Vikram Sarabai Electronic Estate is above this median.

Stamp duty and registration fee for property in Vikram Sarabai Electronic Estate

For a 1,000 sq.ft plot at the current guideline value of Rs 4,401 per sq.ft, the total guideline value would be Rs 44,01,000. The stamp duty at 7% would be Rs 3,08,070, and the registration fee at 2% would be Rs 88,020, bringing the total to Rs 3,96,090. 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 Vikram Sarabai Electronic Estate?

The Sub Registrar Office that covers Vikram Sarabai Electronic Estate is 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 Kottivakkam

The guideline value is a crucial factor in property transactions in Kottivakkam, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that the transaction is compliant with local regulations.

It is important for buyers and sellers to be aware of the guideline value as it can influence the overall cost of the transaction. Proper understanding of these values helps in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Vikram Sarabai Electronic Estate?

The current guideline value of Vikram Sarabai Electronic Estate is Rs 4,401 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 4,000 per sq.ft in 2012 to Rs 2,680 per sq.ft in 2017, then increased to Rs 4,000 per sq.ft in 2023, and finally to Rs 4,401 per sq.ft in 2024.

What is the land classification for Vikram Sarabai Electronic Estate?

The land classification for Vikram Sarabai Electronic Estate is Industries Special Type - I.

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

The Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20, covers Vikram Sarabai Electronic Estate.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 44,01,000 would incur a stamp duty of Rs 3,08,070 at 7%.