Guideline Value for ADHIDHRAVIDAR NAGAR

Adhidhravidar Nagar guideline value

The current guideline value of Adhidhravidar Nagar is Rs 1,400 per sq.ft, effective from 1 July 2024. This area is located in Ernavur village, under the Thiruvottiyur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Adhidhravidar Nagar has changed

Over the years, the guideline value of Adhidhravidar Nagar has undergone several revisions. The earliest recorded figure is from 2007, where the value was Rs 200 per sq.ft. This increased significantly to Rs 1,300 per sq.ft in 2012, marking a rise of 550%. However, the value dropped to Rs 871 per sq.ft in 2017, reflecting a decrease of 33%. The subsequent revision in 2023 set the value at Rs 1,300 per sq.ft, which then rose to Rs 1,400 per sq.ft in 2024, an increase of 8%.

There are no recorded figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 600%.

Guideline values in Ernavur

In Ernavur, there are 82 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 7,300 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value of Adhidhravidar Nagar is below this median.

• All India Radio Nagar: Rs 1,400 per sq.ft (2024)
• Ambethkar Nagar: Rs 2,400 per sq.ft (2024)
• Annai Sivagami Nagar: Rs 1,000 per sq.ft (2024)
• Bajanai Koil Street: Rs 1,400 per sq.ft (2024)
• Balaji Nagar: Rs 1,600 per sq.ft (2024)
• Barath Nagar 1st Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Adhidhravidar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,400 per sq.ft, the total guideline value would be Rs 14,00,000. The stamp duty at 7% would amount to Rs 98,000, and the registration fee at 2% would be Rs 28,000, bringing the total to Rs 1,26,000. 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 detailed calculations.

Which Sub Registrar Office covers Adhidhravidar Nagar?

The Sub Registrar Office that covers Adhidhravidar Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ernavur. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

When a property is sold, the guideline value helps to ensure that the transaction is recorded at a fair value, preventing undervaluation and ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Adhidhravidar Nagar?

The current guideline value of Adhidhravidar Nagar is Rs 1,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 200 per sq.ft in 2007 to Rs 1,400 per sq.ft in 2024, representing an overall increase of 600%.

What is the stamp duty rate applicable in Adhidhravidar Nagar?

The stamp duty rate applicable in Adhidhravidar Nagar is 7%, which is calculated on the higher of the guideline value or the sale price of the property.

Where can I find the Sub Registrar Office for Adhidhravidar Nagar?

The Sub Registrar Office for Adhidhravidar Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019.

What is the land classification of Adhidhravidar Nagar?

Adhidhravidar Nagar is classified as Residential Class I Type - III, which indicates its suitability for residential development.