Guideline Value for ADIPURISWARAR 1ST CROSS STREET

Adipuriswarar 1st Cross Street guideline value

The current guideline value of Adipuriswarar 1st Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024. 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 Adipuriswarar 1st Cross Street has changed

In the 2012 revision, the guideline value was set at Rs 1,500 per sq.ft. This was followed by a decrease in the 2017 revision, where the value dropped to Rs 1,005 per sq.ft, marking a decline of 33%. However, the most recent revision in 2024 saw a significant increase, with the guideline value rising to Rs 1,650 per sq.ft, which represents a 64% increase from the 2017 figure.

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

Guideline values in Pallikaranai

In Pallikaranai, there are 749 streets under the Chennai South Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, which is the same as the current value for Adipuriswarar 1st Cross Street.

• Adipuriswarar 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Adipuriswarar Koil Street: Rs 1,650 per sq.ft (2024)
• Adimoolam Nagar: Rs 1,650 per sq.ft (2024)
• Adimoolam 2nd Street: Rs 1,650 per sq.ft (2024)
• Adimoolam 1st 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 Adipuriswarar 1st Cross 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, and the registration fee at 2% would be Rs 33,000, bringing the total charges to Rs 1,48,500. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Adipuriswarar 1st Cross Street?

The Sub Registrar Office that covers Adipuriswarar 1st Cross 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. You can find your SRO for more details.

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

The guideline value plays a crucial role during property transactions in Pallikaranai. It is used to determine 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 a property, it is essential to be aware of the guideline value, as it may affect the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid any legal issues during registration.

Frequently asked questions

What is the current guideline value of Adipuriswarar 1st Cross Street?

The current guideline value of Adipuriswarar 1st Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2012, the guideline value has changed from Rs 1,500 per sq.ft to Rs 1,650 per sq.ft in 2024, showing an overall increase of 10%. The value dropped to Rs 1,005 per sq.ft in 2017 before rising again in the latest revision.

What is the land classification for Adipuriswarar 1st Cross Street?

The land classification for Adipuriswarar 1st Cross Street is Residential Class IV Type - I, indicating its use for residential purposes.

Where can I find the Sub Registrar Office for this area?

The Sub Registrar Office for Adipuriswarar 1st Cross 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.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a total cost of Rs 1,48,500 in fees.