Guideline Value for ADIKESAVA PERUMAL KOIL STREET

Adikesava Perumal Koil Street guideline value

The current guideline value of Adikesava Perumal Koil Street is Rs 6,600 per sq.ft. This street is located in Mambalam village, under the Thiyagaraya nagar SRO, and is classified as Residential Class II Type - I.

How the guideline value of Adikesava Perumal Koil Street has changed

The guideline value for Adikesava Perumal Koil Street has seen several revisions over the years. In 2002, the value was Rs 591 per sq.ft, which increased to Rs 656 per sq.ft in 2003, marking an 11% rise. The next significant jump occurred in 2007, where the value surged to Rs 1,000 per sq.ft, reflecting a 52% increase. By 2012, the value was Rs 6,000 per sq.ft, indicating a substantial 500% increase from the previous revision. However, in 2017, the value dropped to Rs 4,020 per sq.ft, which was a decrease of 33% from 2012.

From 2017 to 2023, the guideline value rose to Rs 6,000 per sq.ft, a notable increase of 49%. The most recent revision took place in 2024, where the guideline value is now Rs 6,600 per sq.ft, representing a 10% increase from the previous year. There are no figures available for the revisions in years not listed in the register.

Guideline values in Mambalam

In Mambalam, there are 163 streets under the Thiyagaraya nagar SRO that carry a 2024 guideline value ranging from Rs 4,400 to Rs 22,000 per sq.ft. The median value is Rs 6,600 per sq.ft, which is equal to the current value of Adikesava Perumal Koil Street.

• ANNA SALALI(DOOR No 380 to 389): Rs 22,000 per sq.ft (2024)
• Appavoo Nagar 1 St Lane: Rs 4,400 per sq.ft (2024)
• Appavoo Nagar Anna Street 1st Cross Street Iith Cross St: Rs 4,400 per sq.ft (2024)
• Appavoo Nagar Subbu Pillai Thottam: Rs 4,400 per sq.ft (2024)
• Araganthan Sub Way: Rs 7,700 per sq.ft (2024)
• Arangappan Street: Rs 7,700 per sq.ft (2024)

Stamp duty and registration fee for property in Adikesava Perumal Koil Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 66,00,000. The stamp duty at 7% would be Rs 4,62,000, and the registration fee at 2% would be Rs 1,32,000, bringing the total to Rs 5,94,000. 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 Adikesava Perumal Koil Street?

The Sub Registrar Office that covers Adikesava Perumal Koil Street is the Thiyagaraya nagar Sub Registrar Office, located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35. You can find your SRO for more information.

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

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

When a property is sold, the guideline value is used to calculate the applicable fees, ensuring that the transaction is registered at a value recognized by the authorities. This process helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Adikesava Perumal Koil Street?

The current guideline value of Adikesava Perumal Koil Street is Rs 6,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, starting from Rs 591 per sq.ft in 2002 to the current value of Rs 6,600 per sq.ft in 2024, reflecting an overall increase of 1017% over the years.

What is the land classification for Adikesava Perumal Koil Street?

Adikesava Perumal Koil Street is classified as Residential Class II Type - I, indicating its suitability for residential purposes.

Where is the Thiyagaraya nagar SRO located?

The Thiyagaraya nagar Sub Registrar Office is located at 27/14, Vetnari Hospital Road, Panpet Nandhanam, Chennai-35.

How is the stamp duty calculated for properties in Mambalam?

Stamp duty is calculated based on the guideline value or the sale price of the property, whichever is higher. It is typically charged at 7% for stamp duty and 2% for the registration fee.