Guideline Value for ADHIGATHUR ROAD

Adhigathur Road guideline value

The current guideline value of Adhigathur Road is Rs 500 per sq.ft, effective from 1 July 2024. This road is located in Vengathur village under the Manavalanagar SRO and is classified as Residential Class IV Type - I.

How the guideline value of Adhigathur Road has changed

The guideline value for Adhigathur Road has seen several revisions over the years. In 2007, the value was set at Rs 100 per sq.ft, which increased significantly to Rs 500 per sq.ft in 2012. However, it dropped to Rs 335 per sq.ft in 2017 before stabilizing at Rs 500 per sq.ft in both 2023 and 2024. The register has no figures for the years 2002 and 2003.

From 2017 to 2023, the guideline value increased by 49%. The value remained unchanged from 2023 to 2024, reflecting a 0% change. Overall, from 2007 to 2024, the guideline value has increased by 400%, indicating substantial growth since the initial figure.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO with a 2024 guideline value ranging from Rs 500 to Rs 2,000 per sq.ft. The median value for these streets is Rs 1,000 per sq.ft, placing Adhigathur Road's 2024 figure below this median.

• Adhiyamaan Street: Rs 1,300 per sq.ft (2024)
• Aasiriyar Street: Rs 1,300 per sq.ft (2024)
• Aasai Thambi Street: Rs 700 per sq.ft (2024)
• Alamelu Ammal Cross Street: Rs 1,300 per sq.ft (2024)
• Alamelu Ammal Street: Rs 1,300 per sq.ft (2024)
• Amman Street: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Adhigathur Road

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. 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 Adhigathur Road?

The Sub Registrar Office that covers Adhigathur Road is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Vengathur. It determines the amount of stamp duty and registration fees that need to be paid during the sale or purchase of a property.

When a property is bought or sold, the guideline value serves as a reference point for taxation purposes. Buyers should be aware that the duty is charged on the higher of the guideline value or the sale price, ensuring that the correct fees are calculated during registration.

Frequently asked questions

What is the current guideline value of Adhigathur Road?

The current guideline value of Adhigathur Road is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 100 per sq.ft in 2007 to Rs 500 per sq.ft in 2012, then decreased to Rs 335 per sq.ft in 2017, and has remained at Rs 500 per sq.ft since 2023.

What is the land classification of Adhigathur Road?

Adhigathur Road is classified as Residential Class IV Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties on Adhigathur Road?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000 and the registration fee would be Rs 10,000, totaling Rs 45,000.

Where is the Sub Registrar Office for Adhigathur Road located?

The Sub Registrar Office covering Adhigathur Road is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.