Guideline Value for ADHIKESAVALU NAGAR EXTN

Adhikesavalu Nagar Extn guideline value

The current guideline value of Adhikesavalu Nagar Extn, located in Atanancheri village under the Gooduvancheri SRO, is Rs 700 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Special Type - II land classification.

How the guideline value of Adhikesavalu Nagar Extn has changed

The guideline value for Adhikesavalu Nagar Extn has seen several revisions over the years. In 2012, the value was set at Rs 700 per sq.ft. This figure remained unchanged until the next revision in 2017, where it decreased to Rs 469 per sq.ft, marking a 33% decline. However, by 2023, the value rebounded to Rs 700 per sq.ft, reflecting a significant increase of 49%. The current 2024 revision maintains this value at Rs 700 per sq.ft, indicating no change from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value remains unchanged at Rs 700 per sq.ft.

Guideline values in Atanancheri

In Atanancheri, there are 83 streets under the Gooduvancheri SRO that carry a 2024 guideline value ranging from Rs 400 to Rs 2,500 per sq.ft. The median value is Rs 700 per sq.ft, which is equal to the guideline value of Adhikesavalu Nagar Extn.

• Anna Street: Rs 600 per sq.ft (2024)
• AU-MIT Nagar Phase -I: Rs 1,000 per sq.ft (2024)
• Au Mit Nagar Phase II: Rs 1,000 per sq.ft (2024)
• Au Mit Nagar Phase III: Rs 1,000 per sq.ft (2024)
• Au Mit Nagar Phase -IV: Rs 1,000 per sq.ft (2024)
• Au Mit Nagar Phase - V: Rs 1,000 per sq.ft (2024)

Stamp duty and registration fee for property in Adhikesavalu Nagar Extn

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, and the registration fee at 2% would be Rs 14,000. Together, the total cost for stamp duty and registration would be Rs 63,000. It is essential to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Adhikesavalu Nagar Extn?

The Sub Registrar Office that covers Adhikesavalu Nagar Extn is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.

You can find your SRO for more information.

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

When buying or selling property in Atanancheri, the guideline value plays a crucial role during the registration process. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid, ensuring that the transaction is legally recognized.

The guideline value is used to assess the value of the property for tax purposes. Buyers and sellers must be aware of this value to avoid any discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value of Adhikesavalu Nagar Extn?

The current guideline value of Adhikesavalu Nagar Extn is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 700 per sq.ft in 2012 to Rs 469 per sq.ft in 2017, then back to Rs 700 per sq.ft in 2023, and remains at Rs 700 per sq.ft in 2024.

What is the median guideline value in Atanancheri?

The median guideline value in Atanancheri is Rs 700 per sq.ft, which is the same as the guideline value for Adhikesavalu Nagar Extn.

What are the stamp duty and registration fees for a property in Adhikesavalu Nagar Extn?

For a property measuring 1,000 sq.ft, the total guideline value is Rs 7,00,000, resulting in a stamp duty of Rs 49,000 and a registration fee of Rs 14,000, totaling Rs 63,000.

Where is the Gooduvancheri Sub Registrar Office located?

The Gooduvancheri Sub Registrar Office is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, in the Chengalpattu registration zone.