Guideline Value for ADIMOOLAM 2ND STREET

Adimoolam 2nd Street guideline value

The current guideline value of Adimoolam 2nd Street is Rs 1,650 per sq.ft. This street is located in Pallikaranai village and falls under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - I.

How the guideline value of Adimoolam 2nd Street has changed

The guideline value for Adimoolam 2nd Street has undergone several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which decreased to Rs 1,005 per sq.ft in the 2017 revision. This marked a decline of 33%. However, the 2024 revision saw a significant increase, bringing the value back up to Rs 1,650 per sq.ft, which is a 64% rise from the 2017 figure.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. It is important to note that the register has no figures for the years 2002, 2003, 2007, and 2023 for this street.

Guideline values in Pallikaranai

In Pallikaranai, there are a total of 749 streets under the Chennai South Joint I SRO that have a 2024 guideline value ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median value among these streets is Rs 1,650 per sq.ft, which is equal to the current guideline value of Adimoolam 2nd Street.

• Adimoolam 1st Street: Rs 1,650 per sq.ft (2024)
• Adimoolam Nagar: Rs 1,650 per sq.ft (2024)
• Adipuriswarar 1st Cross Street: Rs 1,650 per sq.ft (2024)
• Adipuriswarar 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Adipuriswarar Koil Street: Rs 1,650 per sq.ft (2024)
• Adthavan Nagar: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Adimoolam 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,650 per sq.ft, the total guideline value would be Rs 16,50,000. The stamp duty at 7% would amount to Rs 1,15,500, while the registration fee at 2% would be Rs 33,000. Together, the total cost for these fees would be Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value and the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Adimoolam 2nd Street?

The Sub Registrar Office that covers Adimoolam 2nd Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035, Chennai registration zone.

You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Pallikaranai. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the sale or purchase of property.

Frequently asked questions

What is the current guideline value of Adimoolam 2nd Street?

The current guideline value of Adimoolam 2nd Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, and then increased to Rs 1,650 per sq.ft in 2024. Overall, from 2012 to 2024, the change is an increase of 10%.

What is the land classification for Adimoolam 2nd Street?

The land classification for Adimoolam 2nd Street is Residential Class IV Type - I.

Where can I find the Sub Registrar Office for Adimoolam 2nd Street?

The Sub Registrar Office for Adimoolam 2nd Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.

What are the stamp duty and registration fees for properties in Adimoolam 2nd Street?

The stamp duty for properties in Adimoolam 2nd Street is 7% of the guideline value, while the registration fee is 2%. For example, for a plot of 1,000 sq.ft, the total guideline value is Rs 16,50,000, resulting in total fees of Rs 1,48,500.