Guideline Value for Water land Drive Road

Water land Drive Road guideline value

The current guideline value of Water land Drive Road is Rs 3,900 per sq.ft, effective from 1 July 2024. This road is located in Kottivakkam village, under the Adayar SRO, and is classified as Residential Class II Type - I.

How the guideline value of Water land Drive Road has changed

The guideline value for Water land Drive Road has seen several revisions over the years. In 2012, the value was Rs 3,500 per sq.ft, which then decreased to Rs 2,345 per sq.ft in 2017. Following this, the value increased significantly to Rs 3,500 per sq.ft in 2023, and currently stands at Rs 3,900 per sq.ft as of the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, there was a decrease of 33%, but from 2017 to 2023, the value rose by 49%. The overall change from 2012 to 2024 shows an increase of 11% in the guideline value.

Guideline values in Kottivakkam

Kottivakkam village has a total of 284 streets under the Adayar SRO that carry a 2024 guideline value, ranging from Rs 1,700 to Rs 8,500 per sq.ft. The median value is Rs 3,900 per sq.ft, which is equal to the current guideline value of Water land Drive Road.

• V.O.C. Street: Rs 3,900 per sq.ft (2024)
• Vivekanandar Street: Rs 4,400 per sq.ft (2024)
• Vivekanandar Extn. Road: Rs 2,800 per sq.ft (2024)
• Vivekanandar 3rd Street: Rs 4,400 per sq.ft (2024)
• Vivekanandar 3rd Cross Street: Rs 2,800 per sq.ft (2024)
• Vivekanandar 2nd Street: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Water land Drive Road

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value amounts to Rs 39,00,000. The stamp duty at 7% would be Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, summing up to a total of Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Water land Drive Road?

The Sub Registrar Office that covers Water land Drive Road 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 an essential factor in the registration process when buying or selling property in Kottivakkam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

Frequently asked questions

What is the current guideline value of Water land Drive Road?

The current guideline value of Water land Drive Road is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then to Rs 3,500 per sq.ft in 2023, and currently to Rs 3,900 per sq.ft in 2024.

What is the land classification for Water land Drive Road?

Water land Drive Road is classified as Residential Class II Type - I.

Where can I find the Sub Registrar Office for Water land Drive Road?

The Adayar Sub Registrar Office covers Water land Drive Road, located at 51, Kamaraj Avenue, Second Street, Adyar, Chennai-20.

How is stamp duty calculated for properties on Water land Drive Road?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the stamp duty would be Rs 2,73,000 at the current guideline value.