Guideline Value for A.D.K. AVENUE

A.D.K. Avenue guideline value

The current guideline value of A.D.K. Avenue is Rs 770 per sq.ft, effective from 1 July 2024. This street is located in Naduveerapattu village, under the Padappai SRO, and is classified as Residential Special Type - II.

How the guideline value of A.D.K. Avenue has changed

The guideline value for A.D.K. Avenue has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 700 per sq.ft. In 2017, this value decreased to Rs 469 per sq.ft, marking a decline of 33%. However, by 2023, the guideline value increased significantly to Rs 700 per sq.ft, and in the 2024 revision, it rose further to Rs 770 per sq.ft, reflecting a 10% increase from the previous year.

Between 2017 and 2023, the value surged by 49%, and from the 2012 revision to the current 2024 figure, there has been an overall increase of 10%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 pertaining to this street.

Guideline values in Naduveerapattu

Naduveerapattu village has a total of 96 streets under the Padappai SRO that carry a 2024 guideline value, ranging from Rs 330 to Rs 2,500 per sq.ft. The median guideline value for these streets is Rs 660 per sq.ft, positioning A.D.K. Avenue's 2024 figure above this median.

• Alphin Nagar: Rs 550 per sq.ft (2024)
• Alphin Nagar Part I to III: Rs 550 per sq.ft (2024)
• Annai Anandha Nagar: Rs 660 per sq.ft (2024)
• Annai Arul Nagar: Rs 550 per sq.ft (2024)
• Anna Street: Rs 550 per sq.ft (2024)
• Anthaiya Samy Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in A.D.K. Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 770 per sq.ft, the total guideline value amounts to Rs 7,70,000. The stamp duty, charged at 7%, would be Rs 53,900, and the registration fee at 2% would be Rs 15,400, bringing the total cost for these fees to Rs 69,300. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers A.D.K. Avenue?

The Sub Registrar Office that covers A.D.K. Avenue is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process for property transactions in Naduveerapattu. It serves as a benchmark for determining the stamp duty and registration fees that buyers and sellers must pay when completing a property transaction.

When purchasing property, the guideline value ensures that the transaction is recorded at a fair value, reflecting the market conditions as determined by the Registration Department. This value is essential for both buyers and sellers to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of A.D.K. Avenue?

The current guideline value of A.D.K. Avenue is Rs 770 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then back to Rs 700 per sq.ft in 2023, and finally to Rs 770 per sq.ft in 2024.

What is the land classification of A.D.K. Avenue?

A.D.K. Avenue is classified as Residential Special Type - II, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for A.D.K. Avenue?

The Sub Registrar Office covering A.D.K. Avenue is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for property in A.D.K. Avenue?

The stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 7,70,000 would incur a stamp duty of Rs 53,900 at 7%.