Guideline Value for ADIPARASAKTHI NAGAR

Adiparasakthi Nagar guideline value

The current guideline value of Adiparasakthi Nagar is Rs 220 per sq.ft, effective from 1 July 2024. This locality is situated in Vallur village under the Thiruvottiyur SRO, classified as Residential Class II Type - I.

How the guideline value of Adiparasakthi Nagar has changed

The guideline value for Adiparasakthi Nagar has seen several revisions over the years. The earliest available figure is from the 2017 revision, which was Rs 134 per sq.ft. This was followed by a significant increase to Rs 200 per sq.ft in the 2023 revision, marking a rise of 49%. The latest revision in 2024 has set the guideline value at Rs 220 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from the 2017 revision to the current 2024 figure, the guideline value has increased by 64%. There are no figures available for the revisions in the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Vallur

In Vallur, there are 75 streets under the Thiruvottiyur SRO that carry a 2024 guideline value ranging from Rs 220 to Rs 551 per sq.ft, with a median value of Rs 220 per sq.ft. Adiparasakthi Nagar's 2024 guideline value aligns with this median.

• A.G.L. Nagar: Rs 220 per sq.ft (2024)
• Ags Nagar: Rs 220 per sq.ft (2024)
• Alamelu Nagar: Rs 220 per sq.ft (2024)
• Angalaamman Nagar: Rs 330 per sq.ft (2024)
• Annai Rathinamani Avenue/ Nagar: Rs 220 per sq.ft (2024)
• Aringnar Anna Nagar: Rs 220 per sq.ft (2024)

Stamp duty and registration fee for property in Adiparasakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 220 per sq.ft, the total guideline value would be Rs 2,20,000. The stamp duty at 7% would amount to Rs 15,400, and the registration fee at 2% would be Rs 4,400, resulting in a total of Rs 19,800. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Adiparasakthi Nagar?

The Sub Registrar Office that covers Adiparasakthi Nagar is the Thiruvottiyur Sub Registrar Office, located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. For more information, you can find your SRO.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Vallur. It serves as a benchmark for determining the stamp duty and registration fees payable to the government, ensuring that these charges are based on a standardized assessment of property values in the area.

Frequently asked questions

What is the current guideline value of Adiparasakthi Nagar?

The current guideline value of Adiparasakthi Nagar is Rs 220 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 134 per sq.ft in 2017 to Rs 200 per sq.ft in 2023, and now to Rs 220 per sq.ft in 2024. This represents an overall increase of 64% from 2017 to 2024.

What are the guideline values of other streets in Vallur?

Other streets in Vallur have varying guideline values, with some streets like A.G.L. Nagar, Ags Nagar, and Annai Rathinamani Avenue all having a guideline value of Rs 220 per sq.ft in 2024.

What fees are associated with buying property in Adiparasakthi Nagar?

When buying property in Adiparasakthi Nagar, buyers should expect to pay stamp duty at 7% and a registration fee at 2% of the guideline value. For example, on a 1,000 sq.ft plot, the total fees would amount to Rs 19,800.

Where can I find the Sub Registrar Office for Adiparasakthi Nagar?

The Sub Registrar Office for Adiparasakthi Nagar is located at 21/8, Market Lane Kaladipet, Thiruvottiyur, Chennai-600019. This office handles all registrations for properties in the area.