Guideline Value for ADIDHANAR STREET

Adidhanar Street guideline value

The current guideline value of Adidhanar Street in Vilingiyambakkam village is Rs 1,310 per sq.ft, effective from 1 July 2024. This street falls under the Avadi Sub Registrar Office (SRO) and is classified as Residential Class III Type - I.

How the guideline value of Adidhanar Street has changed

The guideline value for Adidhanar Street has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,200 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 804 per sq.ft, marking a decline of 33%. However, the value rebounded significantly in the 2023 revision to Rs 1,200 per sq.ft, and then increased to Rs 1,310 per sq.ft in the 2024 revision, reflecting a rise of 9% from the previous year.

Overall, from 2012 to 2024, the guideline value has seen a modest increase of 9%. The register does not have figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vilingiyambakkam

In Vilingiyambakkam, there are 252 streets under the Avadi SRO that have a 2024 guideline value ranging from Rs 800 to Rs 4,400 per sq.ft. The median value for these streets is Rs 935 per sq.ft, placing Adidhanar Street's 2024 figure above this median.

• Anbalagan 1st Cross St: Rs 935 per sq.ft (2024)
• Anbalagan 1st St: Rs 935 per sq.ft (2024)
• Anbalagan 2nd Cross St: Rs 935 per sq.ft (2024)
• Anbalagan 3rd Cross St: Rs 935 per sq.ft (2024)
• Anbalagan 4th Cross St: Rs 935 per sq.ft (2024)
• Anbalagan St: Rs 935 per sq.ft (2024)

Stamp duty and registration fee for property in Adidhanar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,310 per sq.ft, the total guideline value would be Rs 13,10,000. The stamp duty, charged at 7%, would amount to Rs 91,700, while the registration fee at 2% would be Rs 26,200. Together, the total cost for these fees would be Rs 1,17,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Adidhanar Street?

The Sub Registrar Office that covers Adidhanar Street is the Avadi Sub Registrar Office, located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Vilingiyambakkam. It serves as a benchmark for determining the minimum price at which a property can be registered. Buyers and sellers must consider this value to ensure compliance with the regulations set by the Registration Department.

When a property transaction occurs, the guideline value is used to calculate the stamp duty and registration fees that are payable at the time of registration. This ensures that the transaction is officially recorded and that the necessary taxes are collected by the government.

Frequently asked questions

What is the current guideline value of Adidhanar Street?

The current guideline value of Adidhanar Street is Rs 1,310 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 in 2023, and finally to Rs 1,310 in 2024.

What is the land classification of Adidhanar Street?

Adidhanar Street is classified as Residential Class III Type - I.

Where can I find the Sub Registrar Office for Adidhanar Street?

The Avadi Sub Registrar Office covers Adidhanar Street and is located at Plot No.145, Vii Street, Modern City, Thandurai Village, Avadi Taluk, Tiruvallur District, Chennai registration zone.

How is the stamp duty calculated for properties in Vilingiyambakkam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. For example, a property with a guideline value of Rs 13,10,000 would incur a stamp duty of Rs 91,700 at a rate of 7%.