Guideline Value for AADHIRA

Aadhira guideline value

The current guideline value of Aadhira in Somangalam village, under the Sriperumpudur SRO, is Rs 800 per sq.ft as per the 2024 revision effective from 1 July 2024. This area is classified as Residential Class I Type - III.

How the guideline value of Aadhira has changed

According to the guideline value register, the figures for Aadhira have remained consistent in recent years. The 2024 revision lists the guideline value at Rs 800 per sq.ft, which is the same as the 2023 revision. The register has no figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

With no change in the guideline value from 2023 to 2024, the rate has remained stable at Rs 800 per sq.ft. This indicates that there has been no increase or decrease in the guideline value in the last year.

Guideline values in Somangalam

In Somangalam, there are 86 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft. The median value for these streets is Rs 350 per sq.ft, placing Aadhira's 2024 figure above this median.

• Ags Nagar: Rs 800 per sq.ft (2024)
• Alwins Green Park: Rs 500 per sq.ft (2024)
• Amirtharaj Nagar: Rs 200 per sq.ft (2024)
• Annai Nagar: Rs 150 per sq.ft (2024)
• Annai Nagar Annex: Rs 150 per sq.ft (2024)
• Anna Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Aadhira

For a 1,000 sq.ft plot at the current guideline value of Rs 800 per sq.ft, the total guideline value would be Rs 8,00,000. The stamp duty at 7% would amount to Rs 56,000, and the registration fee at 2% would be Rs 16,000, leading to a total cost of Rs 72,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations based on your property details.

Which Sub Registrar Office covers Aadhira?

The Aadhira area falls under the jurisdiction of the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during the property registration process in Somangalam. It is used to determine the stamp duty and registration fees that must be paid when transferring property ownership. Buyers and sellers must be aware of the current guideline value to ensure compliance with local regulations.

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. This ensures that the government receives the appropriate revenue based on the market value of the property.

Frequently asked questions

What is the current guideline value of Aadhira?

The current guideline value of Aadhira is Rs 800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Aadhira has remained at Rs 800 per sq.ft since the 2023 revision, with no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What is the median guideline value in Somangalam?

The median guideline value for streets in Somangalam is Rs 350 per sq.ft, with Aadhira's value being above this median.

What are the stamp duty rates in Aadhira?

The stamp duty rate in Aadhira is 7% of the guideline value or sale price, whichever is higher. Registration fees are charged at 2%.

Where is the Sub Registrar Office for Aadhira located?

The Sub Registrar Office covering Aadhira is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.