Guideline Value for ADHIYAMAAN STREET

Adhiyamaan Street guideline value

The current guideline value of Adhiyamaan Street, located in Vengathur village under the Manavalanagar SRO, is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is classified as Commercial Class I Type - III.

How the guideline value of Adhiyamaan Street has changed

The guideline value for Adhiyamaan Street has undergone several revisions over the years. In 2007, the guideline value was Rs 150 per sq.ft, which saw a significant increase to Rs 1,300 per sq.ft in 2012. However, it dropped to Rs 871 per sq.ft in 2017, before stabilizing at Rs 1,300 per sq.ft in both the 2023 and 2024 revisions. Notably, there are no figures available for the years 2002 and 2003 in the register for this street.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it increased by 49%. The overall change from the 2007 revision to the current 2024 figure reflects a substantial rise of 767%.

Guideline values in Vengathur

In Vengathur, there are 186 streets under the Manavalanagar SRO that carry a 2024 guideline value ranging from Rs 500 to Rs 2,000 per sq.ft, with a median value of Rs 1,000 per sq.ft. Adhiyamaan Street's current value of Rs 1,300 per sq.ft is above this median.

• Adhigathur Road: Rs 500 per sq.ft (2024)
• Aasiriyar Street: Rs 1,300 per sq.ft (2024)
• Aasai Thambi Street: Rs 700 per sq.ft (2024)
• Alamelu Ammal Cross Street: Rs 1,300 per sq.ft (2024)
• Alamelu Ammal Street: Rs 1,300 per sq.ft (2024)
• Amman Street: Rs 800 per sq.ft (2024)

Stamp duty and registration fee for property in Adhiyamaan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value would be Rs 13,00,000. The stamp duty, charged at 7%, would amount to Rs 91,000, while the registration fee at 2% would be Rs 26,000. Together, these fees total Rs 1,17,000. It is important 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 information.

Which Sub Registrar Office covers Adhiyamaan Street?

The Sub Registrar Office that covers Adhiyamaan Street is the Manavalanagar Sub Registrar Office, located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in property transactions in Vengathur, as it serves as a benchmark for determining the stamp duty and registration fees. When a property is sold, the higher of the guideline value or the sale price is used to calculate these fees, ensuring that the government receives the appropriate revenue from property transactions.

It is essential for buyers and sellers to be aware of the current guideline value to avoid any discrepancies during registration. Understanding how the guideline value is set and revised over time can help in making informed decisions in property dealings.

Frequently asked questions

What is the current guideline value of Adhiyamaan Street?

The current guideline value of Adhiyamaan Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2012, then decreased to Rs 871 per sq.ft in 2017, and has remained at Rs 1,300 per sq.ft in both 2023 and 2024.

What is the classification of Adhiyamaan Street?

Adhiyamaan Street is classified as Commercial Class I Type - III.

What are the stamp duty and registration fees for properties on this street?

For a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000 and the registration fee would be Rs 26,000, totaling Rs 1,17,000.

Where is the Sub Registrar Office for Adhiyamaan Street located?

The Sub Registrar Office for Adhiyamaan Street is located at Thandalam Main Road, Nungambakkam Village, Manavalanagar-602002, Chennai registration zone.