Guideline Value for ADHI BHAGAVAN NAGAR

Adhi Bhagavan Nagar guideline value

The current guideline value of Adhi Bhagavan Nagar, located in Thandalam village under the Madurandakam SRO, is Rs 103 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under the Residential Class I Type - I land classification.

How the guideline value of Adhi Bhagavan Nagar has changed

In the 2023 revision, the guideline value for Adhi Bhagavan Nagar was Rs 100 per sq.ft. The increase from 2023 to 2024 is 3%, resulting in the current rate of Rs 103 per sq.ft. The register does not have figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

As the revisions progressed, the only recorded changes were from 2023 to 2024. The guideline value has remained consistent in the past revisions as no figures were available for the earlier years mentioned.

Guideline values in Thandalam

In Thandalam, there are 9 streets under the Madurandakam SRO that have a 2024 guideline value ranging from Rs 101 to Rs 200 per sq.ft, with a median of Rs 104 per sq.ft. Adhi Bhagavan Nagar's 2024 figure of Rs 103 per sq.ft is below this median.

• Bharatham Nagar: Rs 200 per sq.ft (2024)
• Cs Gateway: Rs 104 per sq.ft (2024)
• J P Avenue: Rs 200 per sq.ft (2024)
• Sekar Avenue Phase-II: Rs 101 per sq.ft (2024)
• Selva Vinayagar Nagar: Rs 101 per sq.ft (2024)
• Sivakalai Nagar Phase-I: Rs 101 per sq.ft (2024)

Stamp duty and registration fee for property in Adhi Bhagavan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 103 per sq.ft, the guideline value amounts to Rs 1,03,000. The stamp duty at 7% would be Rs 7,210, and the registration fee at 2% would be Rs 2,060, totaling Rs 9,270. 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 Adhi Bhagavan Nagar?

The Sub Registrar Office that covers Adhi Bhagavan Nagar is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Thandalam. It is used to determine the stamp duty and registration fees that need to be paid during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair price, reflecting the current market conditions as set by the Registration Department. This helps maintain transparency and standardization in property dealings.

Frequently asked questions

What is the current guideline value of Adhi Bhagavan Nagar?

The current guideline value of Adhi Bhagavan Nagar is Rs 103 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 100 per sq.ft in 2023 to Rs 103 per sq.ft in 2024, marking a 3% increase. There are no recorded figures for the years 2017, 2012, 2007, 2003, and 2002 for this street.

What is the land classification for Adhi Bhagavan Nagar?

Adhi Bhagavan Nagar falls under the Residential Class I Type - I land classification. This classification indicates the type of development and usage permitted in the area.

Where can I find the Sub Registrar Office for Adhi Bhagavan Nagar?

The Madurandakam Sub Registrar Office covers Adhi Bhagavan Nagar and is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the stamp duty calculated for properties in Adhi Bhagavan Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a plot of 1,000 sq.ft at the current rate of Rs 103 per sq.ft would incur a total stamp duty and registration fee of Rs 9,270.