Guideline Value for ADIPURISWARAR 2ND CROSS STREET

Adipuriswarar 2nd Cross Street guideline value

The current guideline value of Adipuriswarar 2nd Cross Street is Rs 1,650 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village under the Chennai South Joint I SRO, classified as Residential Class IV Type - I.

How the guideline value of Adipuriswarar 2nd Cross Street has changed

In the 2012 revision, the guideline value was Rs 1,500 per sq.ft. This decreased to Rs 1,005 per sq.ft in the 2017 revision, marking a decline of 33%. However, from 2017 to 2024, the value increased significantly to Rs 1,650 per sq.ft, which represents a rise of 64%. Overall, from 2012 to 2024, the guideline value has increased by 10%.

The register does not have figures for the years 2002, 2003, 2007, and 2023 for this street. Therefore, the only revisions that provide a guideline value are from 2012, 2017, and 2024.

Guideline values in Pallikaranai

Pallikaranai has a total of 749 streets under the Chennai South Joint I SRO, with guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which matches the current value for Adipuriswarar 2nd Cross Street.

• Adipuriswarar 1st 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 2nd Cross Street

For a 1,000 sq.ft plot at the current rate, the guideline value amounts to Rs 16,50,000. The stamp duty at 7% would be Rs 1,15,500, and the registration fee at 2% would be Rs 33,000, totaling Rs 1,48,500. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Adipuriswarar 2nd Cross Street?

The Sub Registrar Office that covers Adipuriswarar 2nd 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 information.

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

When buying or selling property in Pallikaranai, the guideline value is used as a reference for determining the stamp duty and registration fees. This value is essential for ensuring that the transaction complies with local regulations and is accurately recorded in the official register.

The guideline value also serves as a baseline for property transactions, helping to establish a fair price for both buyers and sellers. It is crucial to be aware of the current guideline value to ensure that all financial obligations related to the property are met during the registration process.

Frequently asked questions

What is the current guideline value of Adipuriswarar 2nd Cross Street?

The current guideline value of Adipuriswarar 2nd Cross 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, there has been a 10% increase.

What is the land classification for Adipuriswarar 2nd Cross Street?

Adipuriswarar 2nd Cross Street is classified as Residential Class IV Type - I.

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

The Sub Registrar Office for Adipuriswarar 2nd 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 is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 16,50,000 would incur a stamp duty of Rs 1,15,500 at 7%.