Guideline Value for ADHIAMMAL STREET

Adhiammal Street guideline value

The current guideline value of Adhiammal Street in Jelandianpettai village is Rs 2,200 per sq.ft, effective from 1 July 2024. This street falls under the Chennai South Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Adhiammal Street has changed

The guideline value for Adhiammal Street has seen several revisions over the years. From the 2012 revision, which was Rs 2,000 per sq.ft, it decreased to Rs 1,340 per sq.ft in 2017. Following this, it increased significantly to Rs 2,000 per sq.ft in 2023, and then to Rs 2,200 per sq.ft in 2024, marking a 10% increase from the previous year.

Between 2017 and 2023, there was a notable increase of 49% in the guideline value. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Jelandianpettai

In Jelandianpettai, there are 248 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 7,500 per sq.ft. The median value is Rs 2,200 per sq.ft, which is equal to the current guideline value of Adhiammal Street.

• Abrakamlingan Street: Rs 2,200 per sq.ft (2024)
• Adhiyaman Street: Rs 2,200 per sq.ft (2024)
• Alagar Street: Rs 2,200 per sq.ft (2024)
• Alagiri Street: Rs 2,200 per sq.ft (2024)
• Amaravathi Nagar Anna Street: Rs 2,750 per sq.ft (2024)
• Amaravathi Nagar Sarathi Nagar: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Adhiammal Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. Duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Adhiammal Street?

The Sub Registrar Office that covers Adhiammal Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more details.

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

The guideline value is an essential factor during the registration of property transactions in Jelandianpettai. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum value at which a property can be registered. This value ensures transparency and fairness in the real estate market, as it reflects the official pricing standards set by the authorities.

Frequently asked questions

What is the current guideline value of Adhiammal Street?

The current guideline value of Adhiammal Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then increased to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification of Adhiammal Street?

Adhiammal Street is classified as Residential Class II Type - I.

What are the stamp duty and registration fees for property in Adhiammal Street?

The stamp duty is 7% of the guideline value, while the registration fee is 2%. For a property valued at Rs 22,00,000, the total fees would be Rs 1,98,000.

Which office handles the registration for Adhiammal Street?

The registration for Adhiammal Street is handled by the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.