Guideline Value

Corporate

Guideline Value for Vivekanandar Extn. Road

₹2800/sq.ft.

The guideline value for Vivekanandar Extn. Road in Kottivakkam village (Adayar SRO, Chennai zone) is Rs 2800 per sq.ft, effective 1 July 2024. It was Rs 2500 per sq.ft from 1 April 2023, a 12% change. The land classification is Residential Class Iv Type - I. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Kottivakkam

Village

Adayar

SRO

Residential Class IV Type - I
History
Period Guideline Value
From 1-7-2024 ₹2800 /sq.ft.
From 1-4-2023 ₹2500 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹1675 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹2500 /sq.ft.
From 1-8-2007 To 31-3-2012 ₹1800 /sq.ft.
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)

51, Kamaraj Avenue,second Street, Adyar, Chennai-20
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 Vivekanandar Extn. Road

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Vivekanandar Extn. Road guideline value

The current guideline value of Vivekanandar Extn. Road is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Kottivakkam village and falls under the Adayar SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Vivekanandar Extn. Road has changed

The guideline value for Vivekanandar Extn. Road has seen several revisions over the years. The 2007 revision set the value at Rs 1,800 per sq.ft, which increased to Rs 2,500 per sq.ft in 2012, marking a 39% rise. However, in the following revision in 2017, the value decreased to Rs 1,675 per sq.ft, a drop of 33%. The 2023 revision brought the value back up to Rs 2,500 per sq.ft, and the latest revision in 2024 increased it further to Rs 2,800 per sq.ft, reflecting a 12% increase from the previous year. There are no figures available for the years 2002 and 2003 for this street.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 56%. The changes between the revisions indicate fluctuations in the guideline value, with the most significant increase being 49% from 2017 to 2023.

Guideline values in Kottivakkam

In Kottivakkam, there are 284 streets under the Adayar SRO with a 2024 guideline value ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, placing Vivekanandar Extn. Road's current value below this median.

Stamp duty and registration fee for property in Vivekanandar Extn. Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value would be Rs 28,00,000. The stamp duty at 7% would amount to Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, bringing the total fees together to Rs 2,52,000. It is important to note that 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 Vivekanandar Extn. Road?

The Vivekanandar Extn. Road is covered by the Adayar Sub Registrar Office, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in property transactions within Kottivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered. When a property is sold, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that both the buyer and seller are aware of the financial obligations involved in the transaction.

During the registration process, the guideline value helps in assessing the legitimacy of the sale price. If the sale price is lower than the guideline value, the higher value is used to calculate the fees, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Vivekanandar Extn. Road?

The current guideline value of Vivekanandar Extn. Road is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, with the latest revision in 2024 increasing it to Rs 2,800 per sq.ft from Rs 2,500 per sq.ft in 2023. Over the years, the value has fluctuated, with the highest being Rs 2,500 in 2012 and the lowest at Rs 1,675 in 2017.

What are the guideline values of other streets in Kottivakkam?

Other streets in Kottivakkam have varying guideline values, with rates ranging from Rs 1,700 to Rs 8,500 per sq.ft. For example, Vivekanandar 3rd Street has a guideline value of Rs 4,400 per sq.ft in 2024.

What is the stamp duty rate for properties in Vivekanandar Extn. Road?

The stamp duty rate for properties in Vivekanandar Extn. Road is 7% of the guideline value or sale price, whichever is higher. This is applicable during the registration of the property.

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 the registration of properties in Vivekanandar Extn. Road.