Guideline Value for ADHVAN ENCLAVE

Adhvan Enclave guideline value

The current guideline value of Adhvan Enclave is Rs 700 per sq.ft, effective from 1 July 2024. This property is located in Perumattu Nellore village under the Chengleput Joint II SRO, classified as Residential Special Type - II.

How the guideline value of Adhvan Enclave has changed

Over the years, the guideline value of Adhvan Enclave has seen several revisions. The 2007 revision set the value at Rs 300 per sq.ft, which increased to Rs 700 per sq.ft in 2012. However, it dropped to Rs 469 per sq.ft in 2017, before stabilizing at Rs 700 per sq.ft in both 2023 and the upcoming 2024 revision. Notably, there are no figures available for the years 2002 and 2003 for this street.

From 2017 to 2023, there was a significant increase of 49%, while the period from 2012 to 2017 saw a decrease of 33%. The increase from 2007 to 2012 was substantial at 133%. Overall, comparing the 2007 revision to the 2024 figure, there has been an increase of 133%.

Guideline values in Perumattu Nellore

In Perumattu Nellore, there are 83 streets under the Chengleput Joint II SRO that carry a 2024 guideline value, ranging from Rs 500 to Rs 2,850 per sq.ft. The median value for these streets is Rs 700 per sq.ft, which is equal to the guideline value of Adhvan Enclave.

• Aishwaryam Enclave Phase - I: Rs 1,800 per sq.ft (2024)
• Aishwaryam Enclave Phase - II: Rs 1,800 per sq.ft (2024)
• A.K.Garden: Rs 800 per sq.ft (2024)
• A.K.S. Avenue: Rs 500 per sq.ft (2024)
• Anantha Viniyaga Nagar: Rs 700 per sq.ft (2024)
• Annai Meenakshi Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Adhvan Enclave

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value amounts to Rs 7,00,000. The stamp duty at 7% would be Rs 49,000, while the registration fee at 2% would be Rs 14,000, bringing the total fees to Rs 63,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Adhvan Enclave?

The Sub Registrar Office covering Adhvan Enclave is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone. You can find your SRO for additional information.

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

The guideline value plays a crucial role in the registration of property transactions in Perumattu Nellore. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, it is essential to consider the guideline value, as it influences the overall costs involved in the transaction. Buyers should be aware that the stamp duty and registration fees are calculated based on this value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Adhvan Enclave?

The current guideline value of Adhvan Enclave is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 700 per sq.ft in 2012, dropped to Rs 469 per sq.ft in 2017, and has remained at Rs 700 per sq.ft in 2023 and 2024.

What is the land classification of Adhvan Enclave?

Adhvan Enclave is classified as Residential Special Type - II, indicating its suitability for residential development.

What are the stamp duty and registration fees for property transactions?

Stamp duty is charged at 7% of the guideline value or sale price, whichever is higher, while the registration fee is 2% of the same value. These fees are essential for completing property transactions legally.

Where is the Sub Registrar Office for Adhvan Enclave located?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, Chengalpattu registration zone.