Guideline Value for AADI ATHIVARADAR AVENUE

Aadi Athivaradar Avenue guideline value

The current guideline value of Aadi Athivaradar Avenue is Rs 3,000 per sq.ft, effective from 1 July 2024. This street is located in Karasangal village under the Sriperumpudur SRO, with a land classification of Mixed Type - II.

How the guideline value of Aadi Athivaradar Avenue has changed

Looking at the revisions, the guideline value for Aadi Athivaradar Avenue has seen significant changes over the years. In the 2017 revision, the value was Rs 2,010 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded the same value of Rs 3,000 per sq.ft. The latest revision in 2024 maintains this value at Rs 3,000 per sq.ft, indicating no change from the previous year.

Between the 2017 and 2023 revisions, there was a notable increase of 49%. It is important to note that there are no figures available for the years 2012, 2007, 2003, and 2002 in the register for Aadi Athivaradar Avenue.

Guideline values in Karasangal

In Karasangal village, there are 59 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 3,550 per sq.ft. The median guideline value for these streets is Rs 402 per sq.ft, placing Aadi Athivaradar Avenue's 2024 figure above this median.

• ALA Garden: Rs 1,500 per sq.ft (2024)
• Amman Nagar: Rs 600 per sq.ft (2024)
• Annai Therasa street: Rs 250 per sq.ft (2024)
• A.R.K.Nagar: Rs 800 per sq.ft (2024)
• A.S.Nagar: Rs 800 per sq.ft (2024)
• Bhasyam Ayyankar Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Aadi Athivaradar Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 3,000 per sq.ft, the total guideline value amounts to Rs 30,00,000. The stamp duty is charged at 7%, which totals Rs 2,10,000, and the registration fee is charged at 2%, amounting to Rs 60,000. Together, these fees total Rs 2,70,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating the stamp duty and registration fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aadi Athivaradar Avenue?

The Aadi Athivaradar Avenue is covered by the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role when buying or selling property in Karasangal. It serves as a benchmark for determining the minimum value for property transactions, ensuring that the sale price is reflective of the market conditions. This value is used to calculate the stamp duty and registration fees during the property registration process.

When you register a property, the guideline value is considered to ensure that the transaction is recorded accurately. Buyers should be aware that the stamp duty is calculated based on the higher of the guideline value or the actual sale price, which can impact the total cost of the transaction.

Frequently asked questions

What is the current guideline value of Aadi Athivaradar Avenue?

The current guideline value of Aadi Athivaradar Avenue is Rs 3,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Aadi Athivaradar Avenue was Rs 2,010 per sq.ft in 2017, increased to Rs 3,000 per sq.ft in 2023, and remains the same in 2024. There are no figures available for the years 2012, 2007, 2003, and 2002.

What are the other streets in Karasangal?

Other streets in Karasangal under the Sriperumpudur SRO include ALA Garden at Rs 1,500 per sq.ft, Amman Nagar at Rs 600 per sq.ft, and others with varying rates. The guideline values for these streets range from Rs 100 to Rs 3,550 per sq.ft.

How is stamp duty calculated for properties in Aadi Athivaradar Avenue?

Stamp duty for properties in Aadi Athivaradar Avenue is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current rate results in a total stamp duty of Rs 2,10,000.

Where can I find the Sub Registrar Office for Aadi Athivaradar Avenue?

The Sub Registrar Office covering Aadi Athivaradar Avenue is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find more details by visiting the provided link.