Guideline Value for ADHITHYA AVENUE

Adhithya Avenue guideline value

The current guideline value of Adhithya Avenue is Rs 2,800 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village under the Neelankarai SRO, classified as Residential Class II Type - I.

How the guideline value of Adhithya Avenue has changed

The guideline value for Adhithya Avenue has seen several revisions over the years. The earliest recorded revision in 2012 set the value at Rs 2,500 per sq.ft. This was followed by a decrease to Rs 1,675 per sq.ft in 2017, marking a -33% change. The value then increased significantly to Rs 2,500 per sq.ft in 2023, and further rose to Rs 2,800 per sq.ft in 2024, reflecting a +12% change.

From 2017 to 2023, there was a notable increase of +49%. Overall, comparing the 2012 revision to the current 2024 figure, the guideline value has increased by +12%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO with a 2024 guideline value ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Adhithya Avenue's guideline value above this median.

• Adityaram Seashell Avenue: Rs 3,900 per sq.ft (2024)
• Aavin Street (Near Ecr): Rs 2,200 per sq.ft (2024)
• Ambedkar Street: Rs 1,700 per sq.ft (2024)
• Ankala Parameswari Street: Rs 1,100 per sq.ft (2024)
• Anna Enclave: Rs 3,300 per sq.ft (2024)
• Annai Theresa Road: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Adhithya Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 2,800 per sq.ft, the total guideline value amounts to Rs 28,00,000. The stamp duty at 7% would be Rs 1,96,000, and the registration fee at 2% would be Rs 56,000, making the total cost for these fees Rs 2,52,000. It is important to note that 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 Adhithya Avenue?

The Sub Registrar Office that covers Adhithya Avenue is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Enjambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When registering a property, the guideline value helps ensure that the transaction is recorded accurately for taxation purposes. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their property transactions.

Frequently asked questions

What is the current guideline value of Adhithya Avenue?

The current guideline value of Adhithya Avenue is Rs 2,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,800 per sq.ft in 2024.

What is the land classification of Adhithya Avenue?

Adhithya Avenue is classified as Residential Class II Type - I.

Where can I find the Neelankarai Sub Registrar Office?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai.

How is the stamp duty calculated for properties in Adhithya Avenue?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 28,00,000 would incur a stamp duty of Rs 1,96,000 at 7%.