Guideline Value for AADHIKESAVA STREET(GRAMA NEDUNCHALAI 3RD CROSS STREET)

Aadhikesava Street(Grama Nedunchalai 3rd Cross Street) guideline value

The current guideline value of Aadhikesava Street (Grama Nedunchalai 3rd Cross Street) is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in the Sholinganallur - 1 village and falls under the Neelankarai SRO. The land classification for this area is Residential Class II Type - III.

How the guideline value of Aadhikesava Street(Grama Nedunchalai 3rd Cross Street) has changed

The guideline value for Aadhikesava Street has seen several revisions over the years. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, which reflects a 10% increase from the 2023 figure of Rs 2,000 per sq.ft. Prior to 2023, there were no figures available for this street in the register for the years 2017, 2012, 2007, 2003, and 2002.

In summary, the guideline value increased from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024. The previous revisions from 2017, 2012, 2007, 2003, and 2002 do not have recorded figures for this street.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the guideline value of Aadhikesava Street. Below are some other streets in Sholinganallur - 1:

• Aandi Street (Grama Nedunchalai 2nd Cross Street): Rs 2,200 per sq.ft (2024)
• ADHITHTYA RAM Studio's: Rs 4,400 per sq.ft (2024)
• Adhiya Vikram Podar: Rs 1,700 per sq.ft (2024)
• Adikesavan Street (Village Road): Rs 2,200 per sq.ft (2024)
• Adityaram Nagar: Rs 1,700 per sq.ft (2024)
• Advant Christian Mayana Pathai: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Aadhikesava Street(Grama Nedunchalai 3rd Cross Street)

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. Please note that the duty is charged on the higher of the guideline value or the sale price. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aadhikesava Street(Grama Nedunchalai 3rd Cross Street)?

The Aadhikesava Street (Grama Nedunchalai 3rd Cross Street) is covered by the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. To find your SRO, you can visit find your SRO.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role in the registration process when buying or selling property in Sholinganallur - 1. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Aadhikesava Street?

The current guideline value of Aadhikesava Street (Grama Nedunchalai 3rd Cross Street) is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value changed from Rs 2,000 per sq.ft in 2023 to Rs 2,200 per sq.ft in 2024, reflecting a 10% increase. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002.

What is the land classification for Aadhikesava Street?

Aadhikesava Street falls under the land classification of Residential Class II Type - III. This classification is important for understanding the potential uses of the property.

What are the stamp duty rates applicable?

The stamp duty for property transactions is set at 7% of the guideline value or sale price, whichever is higher. Additionally, a registration fee of 2% is applicable.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. This office handles the registration of properties in the area.