Guideline Value for ADHITHRA GARDEN

Adhithra Garden guideline value

The current guideline value of Adhithra Garden in Kannampalayam village under the Kunrathur SRO is Rs 1,540 per sq.ft, effective from 1 July 2024. This area falls under the Residential Class II Type - I land classification.

How the guideline value of Adhithra Garden has changed

The guideline value for Adhithra Garden has seen several revisions over the years. The 2012 revision set the value at Rs 1,400 per sq.ft, which was then reduced to Rs 938 per sq.ft in the 2017 revision. However, this figure increased significantly to Rs 1,400 per sq.ft in the 2023 revision and further rose to Rs 1,540 per sq.ft in the 2024 revision.

From 2012 to 2017, there was a decrease of 33%. Following this, the value increased by 49% from 2017 to 2023. The most recent change from 2023 to 2024 reflects a 10% increase. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kannampalayam

Kannampalayam village has 75 streets under the Kunrathur SRO, with guideline values ranging from Rs 765 to Rs 4,000 per sq.ft. The median guideline value in this area is Rs 1,375 per sq.ft, placing Adhithra Garden's 2024 figure above this median.

• Alcherry Main Road: Rs 990 per sq.ft (2024)
• Ambal Green City: Rs 880 per sq.ft (2024)
• Ambal Green City Extension: Rs 880 per sq.ft (2024)
• Annai Indra Gandhi Nagar: Rs 880 per sq.ft (2024)
• Annai Nagar Phase-I: Rs 1,970 per sq.ft (2024)
• Annai Nagar Phase II: Rs 1,970 per sq.ft (2024)

Stamp duty and registration fee for property in Adhithra Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total cost for these fees to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For further calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Adhithra Garden?

The Sub Registrar Office that covers Adhithra Garden 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 Kannampalayam

The guideline value is a critical factor in the registration process for property transactions in Kannampalayam. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when a property is bought or sold.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Adhithra Garden?

The current guideline value of Adhithra Garden is Rs 1,540 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,400 per sq.ft in 2012 to Rs 938 per sq.ft in 2017, then to Rs 1,400 per sq.ft in 2023, and finally to Rs 1,540 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in Adhithra Garden?

For a 1,000 sq.ft property, the stamp duty would be Rs 1,07,800 and the registration fee would be Rs 30,800, totaling Rs 1,38,600, based on the guideline value.

Which Sub Registrar Office is responsible for Adhithra Garden?

The Kunrathur Sub Registrar Office is responsible for Adhithra Garden, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the median guideline value in Kannampalayam?

The median guideline value in Kannampalayam is Rs 1,375 per sq.ft, with Adhithra Garden's value of Rs 1,540 per sq.ft being above this median.