Guideline Value for ADHIKESAVA THILLAI NAGAR

Adhikesava Thillai Nagar guideline value

The current guideline value of Adhikesava Thillai Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024. This area is located in Mogalivakkam village and falls under the Kunrathur SRO. The land classification for this street is Mixed Special Type - I.

How the guideline value of Adhikesava Thillai Nagar has changed

Over the years, the guideline value of Adhikesava Thillai Nagar has seen several revisions. The 2012 revision recorded a value of Rs 3,200 per sq.ft, which was then reduced to Rs 2,144 per sq.ft in the 2017 revision. Following this, the value increased to Rs 3,200 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 3,520 per sq.ft. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2017 to 2023, there was a significant increase of 49%. The 2023 to 2024 revision saw a 10% increase. Overall, comparing the 2012 and 2024 revisions, there has been a 10% increase in the guideline value.

Guideline values in Mogalivakkam

Mogalivakkam has 98 streets under the Kunrathur SRO that carry a guideline value for 2024, ranging from Rs 2,530 to Rs 6,600 per sq.ft. The median guideline value for these streets is Rs 2,970 per sq.ft, placing Adhikesava Thillai Nagar's 2024 figure above this median.

• Agathiswaran Koil Street: Rs 2,530 per sq.ft (2024)
• A.G.S.Colony: Rs 2,530 per sq.ft (2024)
• Air India Colony: Rs 2,860 per sq.ft (2024)
• Amman Koil Street: Rs 2,860 per sq.ft (2024)
• Ananda Nagar: Rs 2,860 per sq.ft (2024)
• Annai Kamala Street: Rs 2,860 per sq.ft (2024)

Stamp duty and registration fee for property in Adhikesava Thillai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value amounts to Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, bringing the total to Rs 3,16,800. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Adhikesava Thillai Nagar?

The Sub Registrar Office that covers Adhikesava Thillai Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

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

The guideline value plays a crucial role during property transactions in Mogalivakkam. It is used to determine the stamp duty and registration fees that buyers need to pay when purchasing property. This value is set by the government and is subject to periodic revisions, reflecting changes in the real estate market.

When selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency and accountability in real estate dealings. Buyers and sellers should always check the latest guideline values to understand their obligations during the registration process.

Frequently asked questions

What is the current guideline value of Adhikesava Thillai Nagar?

The current guideline value of Adhikesava Thillai Nagar is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent increase of 10% from Rs 3,200 per sq.ft in 2023 to Rs 3,520 per sq.ft in 2024. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value.

What is the land classification for Adhikesava Thillai Nagar?

The land classification for Adhikesava Thillai Nagar is Mixed Special Type - I.

What are the registration fees for buying property in Adhikesava Thillai Nagar?

The registration fees include a stamp duty of 7% and a registration fee of 2%. For example, for a property valued at Rs 35,20,000, the total fees would amount to Rs 3,16,800.

Where can I find the Sub Registrar Office for Adhikesava Thillai Nagar?

The Sub Registrar Office for Adhikesava Thillai Nagar is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can also find more information online.