Guideline Value for ADHIYA VIKRAM PODAR

Adhiya Vikram Podar guideline value

The current guideline value of Adhiya Vikram Podar is Rs 1,700 per sq.ft, effective from 1 July 2024. This street is located in the village of Sholinganallur - 1 under the Neelankarai SRO, and it falls under the Residential Class IV Type - I land classification.

How the guideline value of Adhiya Vikram Podar has changed

The guideline value for Adhiya Vikram Podar has undergone several revisions over the years. The oldest available figure is from the 2017 revision, which was Rs 1,005 per sq.ft. The most recent revision in 2024 has increased this value to Rs 1,700 per sq.ft, marking a significant increase of 69% from the 2017 figure. It is important to note that the register has no figure for this street for the years 2023, 2012, 2007, 2003, and 2002.

In summary, from 2017 to 2024, the guideline value increased from Rs 1,005 to Rs 1,700 per sq.ft. This increase reflects the changes in property valuation in the area, but no figures are available for the previous revisions mentioned.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value, ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Adhiya Vikram Podar is below this median.

• Adikesavan Street (Village Road): Rs 2,200 per sq.ft (2024)
• ADHITHTYA RAM Studio's: Rs 4,400 per sq.ft (2024)
• Adityaram Nagar: Rs 1,700 per sq.ft (2024)
• Advant Christian Mayana Pathai: Rs 1,700 per sq.ft (2024)
• Aandi Street (Grama Nedunchalai 2nd Cross Street): Rs 2,200 per sq.ft (2024)
• Aadhikesava Street(Grama Nedunchalai 3rd Cross Street): Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Adhiya Vikram Podar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value would be Rs 17,00,000. The stamp duty at 7% would amount to Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total fees together to Rs 1,53,000. It is important to note that 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 Adhiya Vikram Podar?

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

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value plays a crucial role in the registration process when buying or selling property in Sholinganallur - 1. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that these charges are based on a standardized property valuation.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used for calculating the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Adhiya Vikram Podar?

The current guideline value of Adhiya Vikram Podar is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed since 2017?

Since the 2017 revision, the guideline value has increased from Rs 1,005 per sq.ft to Rs 1,700 per sq.ft, which is a change of 69%.

What is the land classification for Adhiya Vikram Podar?

Adhiya Vikram Podar falls under the Residential Class IV Type - I land classification.

What are the stamp duty and registration fees for a property in Adhiya Vikram Podar?

For a 1,000 sq.ft plot, the total guideline value is Rs 17,00,000. The stamp duty would be Rs 1,19,000 and the registration fee would be Rs 34,000, totaling Rs 1,53,000.

Where can I find the Sub Registrar Office for Adhiya Vikram Podar?

The Sub Registrar Office for Adhiya Vikram Podar is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.