Guideline Value for AADITRA GARDENS

Aaditra Gardens guideline value

The current guideline value of Aaditra Gardens in Varadarajapuram village, under the Padappai SRO, is Rs 3,370 per sq.ft, effective from 1 July 2024. The land classification for this area is Mixed Type - III.

How the guideline value of Aaditra Gardens has changed

The guideline value for Aaditra Gardens has seen significant changes over the years. The 2017 revision recorded a guideline value of Rs 2,050 per sq.ft. This figure increased to Rs 3,060 per sq.ft in the 2023 revision, marking a 49% increase. The latest revision in 2024 has further raised the guideline value to Rs 3,370 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. It is important to note that the register has no figure for Aaditra Gardens for the years 2002, 2003, 2007, and 2012.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,100 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, placing Aaditra Gardens above this median.

• ABIRAAMI AVENUE - PART - 1 To 3: Rs 1,650 per sq.ft (2024)
• Abi's Kuberan Nagar: Rs 2,420 per sq.ft (2024)
• Abi's Monarch: Rs 2,800 per sq.ft (2024)
• Abi's Monarch Phase -II: Rs 2,090 per sq.ft (2024)
• Adhanur Road: Rs 1,650 per sq.ft (2024)
• Albin nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Aaditra Gardens

For a 1,000 sq.ft plot at the current guideline value of Rs 3,370 per sq.ft, the total guideline value would be Rs 33,70,000. The stamp duty at 7% would amount to Rs 2,35,900, while the registration fee at 2% would be Rs 67,400. Therefore, the total cost for stamp duty and registration would be Rs 3,03,300. It is important to note that 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 details.

Which Sub Registrar Office covers Aaditra Gardens?

The Sub Registrar Office that covers Aaditra Gardens 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 information.

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

The guideline value is a crucial factor when buying or selling property in Varadarajapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the registration process. Buyers and sellers should be aware that the guideline value is used to calculate the official costs associated with property transactions.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately in the official register. This value plays a significant role in the transparency and legality of property transactions in the area.

Frequently asked questions

What is the current guideline value of Aaditra Gardens?

The current guideline value of Aaditra Gardens is Rs 3,370 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,050 per sq.ft in 2017 to Rs 3,370 per sq.ft in 2024, representing an overall increase of 64%.

What is the land classification for Aaditra Gardens?

The land classification for Aaditra Gardens is Mixed Type - III.

Where can I find the Sub Registrar Office for Aaditra Gardens?

The Sub Registrar Office for Aaditra Gardens is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How is the stamp duty calculated for properties in Aaditra Gardens?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,70,000, the stamp duty would be Rs 2,35,900.