Guideline Value for ADISAN NAGAR

Adisan Nagar guideline value

The current guideline value of Adisan Nagar, located in Ekkaduthangal village, is Rs 4,620 per sq.ft, effective from 1 July 2024. This area falls under the Chennai South Joint I SRO and is classified as Residential Class II Type - I.

How the guideline value of Adisan Nagar has changed

The guideline value for Adisan Nagar has seen significant changes over the years. In 2002, the value was Rs 374 per sq.ft, which increased to Rs 432 per sq.ft in 2003. Following this, the value rose to Rs 1,000 per sq.ft in 2007, then jumped to Rs 4,200 per sq.ft in 2012. However, it decreased to Rs 2,814 per sq.ft in 2017 before rising again to Rs 4,200 per sq.ft in 2023. The latest revision in 2024 set the guideline value at Rs 4,620 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The change from 2012 to 2017 was a decrease of 33%, while the jump from 2007 to 2012 was a substantial 320%. The increase from 2003 to 2007 was 131%, and from 2002 to 2003, it was 16%. Overall, from 2002 to 2024, the guideline value has risen by 1135%. There are no figures for revisions in years not listed for this street.

Guideline values in Ekkaduthangal

In Ekkaduthangal, there are 190 streets under the Chennai South Joint I SRO with a 2024 guideline value ranging from Rs 3,080 to Rs 8,800 per sq.ft. The median value is Rs 4,620 per sq.ft, which is the same as the current value for Adisan Nagar.

• Agathiar Street: Rs 4,620 per sq.ft (2024)
• Achuthan Nagar 6th Cross St: Rs 4,950 per sq.ft (2024)
• Achuthan Nagar 2nd, 3rd, 4th, & 5th Cross Street: Rs 4,950 per sq.ft (2024)
• Achuthan Nagar 1st Cross Street: Rs 4,950 per sq.ft (2024)
• Achuthan Nagar: Rs 4,950 per sq.ft (2024)
• Ambal Nagar 1st Street: Rs 5,500 per sq.ft (2024)

Stamp duty and registration fee for property in Adisan Nagar

For a 1,000 sq.ft plot at the current rate of Rs 4,620 per sq.ft, the guideline value amounts to Rs 46,20,000. The stamp duty at 7% would be Rs 3,23,400, and the registration fee at 2% would be Rs 92,400, bringing the total to Rs 4,15,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Adisan Nagar?

Adisan Nagar is covered by 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 Ekkaduthangal

The guideline value is a crucial factor in property transactions in Ekkaduthangal. It is used to determine the stamp duty and registration fees that buyers must pay when purchasing property. The higher of the guideline value and the sale price is considered for calculating these charges.

When selling property, the guideline value helps establish a baseline for the sale price. Buyers and sellers often refer to the guideline value to ensure that the transaction is in line with the current market standards as set by the Registration Department.

Frequently asked questions

What is the current guideline value for Adisan Nagar?

The current guideline value for Adisan Nagar is Rs 4,620 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, rising from Rs 374 per sq.ft in 2002 to Rs 4,620 per sq.ft in 2024, representing an overall increase of 1135%.

What is the stamp duty rate for property in Adisan Nagar?

The stamp duty rate for property transactions in Adisan Nagar is 7% of the guideline value or sale price, whichever is higher.

Where is the Sub Registrar Office for Adisan Nagar located?

The Sub Registrar Office covering Adisan Nagar is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai -600 035.

What is the land classification for Adisan Nagar?

Adisan Nagar is classified as Residential Class II Type - I, which is relevant for property transactions and assessments in the area.