Guideline Value for A.D.P Avenue

A.D.P Avenue guideline value

The current guideline value of A.D.P Avenue, located in Perumbakkam village, is Rs 2,725 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - I land classification. The property is registered at the Selaiyur Sub Registrar Office (SRO).

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

The guideline value for A.D.P Avenue has seen several revisions over the years. The earliest recorded figure is from 2012, which was Rs 2,500 per sq.ft. This value changed to Rs 1,675 per sq.ft in 2017, marking a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 2,500 per sq.ft, reflecting a 49% rise. The most recent revision in 2024 set the guideline value at Rs 2,725 per sq.ft, a 9% increase from the previous year.

There are no recorded figures for the years 2002, 2003, and 2007 for A.D.P Avenue in the register. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 4,800 per sq.ft. The median value among these streets is Rs 2,725 per sq.ft, which is the same as the current guideline value for A.D.P Avenue.

• Akiravini Street: Rs 850 per sq.ft (2024)
• Aks Radiance Phase-II: Rs 3,300 per sq.ft (2024)
• aLADIAMMAN KOIL STREET: Rs 2,725 per sq.ft (2024)
• American Advent Mission Housing Colony: Rs 2,725 per sq.ft (2024)
• American Advent Mission Nagar Main Road: Rs 2,725 per sq.ft (2024)
• Anandammal Nagar: Rs 2,725 per sq.ft (2024)

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

For a 1,000 sq.ft plot at the current guideline value of Rs 2,725 per sq.ft, the total guideline value would be Rs 27,25,000. The stamp duty at 7% would amount to Rs 1,90,750, and the registration fee at 2% would be Rs 54,500. Together, the total charges would be Rs 2,45,250. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

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

The A.D.P Avenue is covered by the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for additional assistance.

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

The guideline value is a crucial factor when buying or selling property in Perumbakkam, as it determines the minimum value at which a property can be registered. This value is set by the government and is used to calculate the stamp duty and registration fees that buyers need to pay during the transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, preventing undervaluation. Buyers should be aware that the guideline value can vary significantly between different streets in Perumbakkam, reflecting the local market conditions and property characteristics.

Frequently asked questions

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

The current guideline value of A.D.P Avenue is Rs 2,725 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then back to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,725 per sq.ft in 2024.

What is the land classification for A.D.P Avenue?

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

Where is the Selaiyur Sub Registrar Office located?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How is stamp duty calculated for properties in A.D.P Avenue?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property valued at Rs 27,25,000 would incur a stamp duty of Rs 1,90,750 at a rate of 7%.