Guideline Value for ADHISTAM NAGAR & ADHISTAM NAGAR EXTENSION

Adhistam Nagar & Adhistam Nagar Extension guideline value

The current guideline value for Adhistam Nagar & Adhistam Nagar Extension is Rs 200 per sq.ft, effective from 1 July 2024. This area is located in Kinaar village, under the Madurandakam SRO, and is classified as Residential Special Type - I.

How the guideline value of Adhistam Nagar & Adhistam Nagar Extension has changed

The guideline value for Adhistam Nagar & Adhistam Nagar Extension has seen several revisions over the years. The 2012 revision set the value at Rs 200 per sq.ft, which remained unchanged until the 2017 revision, where it dropped to Rs 134 per sq.ft. The value then increased significantly to Rs 200 per sq.ft in the 2023 revision and has remained the same in the 2024 revision, resulting in a total change of +0% from 2023 to 2024. Overall, from 2012 to 2024, the guideline value has not changed, remaining at Rs 200 per sq.ft.

From 2017 to 2023, there was a notable increase of 49%. The 2012 to 2017 period saw a decrease of 33%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kinaar

Kinaar village has five streets under the Madurandakam SRO that carry a 2024 guideline value, ranging from Rs 100 to Rs 200 per sq.ft. The median value for these streets is Rs 150 per sq.ft, placing Adhistam Nagar & Adhistam Nagar Extension above this median.

• Sai Baba Nagar: Rs 200 per sq.ft (2024)
• Sri Eswaran Avenue: Rs 150 per sq.ft (2024)
• Sri Sai Baba Nagar: Rs 100 per sq.ft (2024)
• Sri Sastha Nagar: Rs 100 per sq.ft (2024)

Stamp duty and registration fee for property in Adhistam Nagar & Adhistam Nagar Extension

For a 1,000 sq.ft plot at the current rate of Rs 200 per sq.ft, the guideline value would be Rs 2,00,000. The stamp duty at 7% would amount to Rs 14,000, and the registration fee at 2% would be Rs 4,000, totaling Rs 18,000. Please note that the 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 details.

Which Sub Registrar Office covers Adhistam Nagar & Adhistam Nagar Extension?

The Sub Registrar Office that covers Adhistam Nagar & Adhistam Nagar Extension is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value is a crucial factor during the registration process of property transactions in Kinaar. It serves as a benchmark for determining the applicable stamp duty and registration fees, ensuring that these costs are based on a standardized value rather than the negotiated sale price.

When buying or selling property, the guideline value helps in assessing the financial obligations involved in the transaction. It is essential for both buyers and sellers to be aware of this value to ensure compliance with local regulations and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value for Adhistam Nagar & Adhistam Nagar Extension?

The current guideline value for Adhistam Nagar & Adhistam Nagar Extension is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 200 per sq.ft since 2012, with a decrease to Rs 134 per sq.ft in 2017, followed by an increase back to Rs 200 per sq.ft in 2023 and 2024.

What is the land classification for this area?

The land classification for Adhistam Nagar & Adhistam Nagar Extension is Residential Special Type - I.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Adhistam Nagar & Adhistam Nagar Extension is located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000 at 7%.