Guideline Value for ADEESWARA NAGAR

Adeeswara Nagar guideline value

The current guideline value of Adeeswara Nagar is Rs 825 per sq.ft, effective from 1 July 2024. This street is located in Korattur-B village under the Avadi Sub Registrar Office (SRO) and is classified as Residential Special Type - III.

How the guideline value of Adeeswara Nagar has changed

The guideline value register for Adeeswara Nagar shows no figures for the revisions in 2002, 2003, 2007, 2012, 2017, and 2023. The most recent revision is from 2024, which sets the guideline value at Rs 825 per sq.ft.

There have been no changes between the revisions listed above. Therefore, the current figure remains the only value available for this street since the register has no previous figures for it.

Guideline values in Korattur-B

In Korattur-B, there are 11 streets under the Avadi SRO with a 2024 guideline value ranging from Rs 165 to Rs 2,000 per sq.ft. The median guideline value for these streets is Rs 1,000 per sq.ft, placing Adeeswara Nagar's 2024 figure below this median.

• Ashok Nandavanam: Rs 1,485 per sq.ft (2024)
• Ashok Nandhavanam Phase-III: Rs 1,100 per sq.ft (2024)
• Balaji Nagar: Rs 550 per sq.ft (2024)
• Meenachi Nagar: Rs 990 per sq.ft (2024)
• Nri Nest: Rs 1,100 per sq.ft (2024)
• Srinivasa Nagar: Rs 165 per sq.ft (2024)

Stamp duty and registration fee for property in Adeeswara Nagar

For a 1,000 sq.ft plot at the current rate of Rs 825 per sq.ft, the guideline value is Rs 8,25,000. The stamp duty at 7% would be Rs 57,750, and the registration fee at 2% would be Rs 16,500, totaling Rs 74,250. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Adeeswara Nagar?

Adeeswara Nagar falls under the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Korattur-B

The guideline value is a crucial factor during the registration of property transactions in Korattur-B. It serves as a benchmark for determining the stamp duty and registration fees payable when buying or selling property.

When a property is registered, the guideline value is compared to the sale price. The higher of the two values is used to calculate the applicable duties and fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Adeeswara Nagar?

The current guideline value of Adeeswara Nagar is Rs 825 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value register shows no figures for Adeeswara Nagar in the revisions from 2002, 2003, 2007, 2012, 2017, and 2023. The only available figure is from the 2024 revision.

What is the classification of land in Adeeswara Nagar?

Adeeswara Nagar is classified as Residential Special Type - III, indicating its suitability for residential development.

What are the other streets in Korattur-B and their guideline values?

In Korattur-B, there are several streets with varying guideline values. These range from Rs 165 to Rs 2,000 per sq.ft, with Adeeswara Nagar being below the median of Rs 1,000 per sq.ft.

Where can I find the registration office for Adeeswara Nagar?

The registration office covering Adeeswara Nagar is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai.