Guideline Value for ADISESHANAGAR 3RD STREET

Adiseshanagar 3rd Street guideline value

The current guideline value of Adiseshanagar 3rd Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO and is classified as Residential Class II Type - II.

How the guideline value of Adiseshanagar 3rd Street has changed

The guideline value for Adiseshanagar 3rd Street has seen several revisions over the years. The earliest recorded figure is from 2003, which was Rs 558 per sq.ft. This increased to Rs 600 per sq.ft in 2007, then saw a significant jump to Rs 3,500 per sq.ft in 2012. However, it dropped to Rs 2,345 per sq.ft in 2017. The 2023 revision set the value at Rs 3,500 per sq.ft, and the most recent revision in 2024 has raised it to Rs 3,800 per sq.ft.

From 2017 to 2023, the value increased by 49%. The change from 2012 to 2017 was a decrease of 33%. The jump from 2007 to 2012 was substantial at 483%. Between 2003 and 2007, the increase was 8%. Overall, from 2003 to 2024, the guideline value has risen by 581%. The register has no figure for the year 2002 for this street.

Guideline values in Perambur

In Perambur village, there are 1,114 streets under the Purasaivakkam SRO that carry a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft, with a median value of Rs 2,700 per sq.ft. Adiseshanagar 3rd Street's 2024 guideline value of Rs 3,800 per sq.ft is above this median.

• Adiseshanagar 2nd Street: Rs 3,800 per sq.ft (2024)
• Adiseshanagar 4th Street: Rs 3,800 per sq.ft (2024)
• Adiseshanagar 1st Street: Rs 3,800 per sq.ft (2024)
• Adiseshanagar 5th Street: Rs 3,800 per sq.ft (2024)
• Adiseshanagar 6th Street: Rs 3,800 per sq.ft (2024)
• Adiseshanagar Main Road: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Adiseshanagar 3rd Street

For a 1,000 sq.ft plot at the current rate of Rs 3,800 per sq.ft, the guideline value would be Rs 38,00,000. The stamp duty at 7% would amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, making the total Rs 3,42,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Adiseshanagar 3rd Street?

The Sub Registrar Office that covers Adiseshanagar 3rd Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process of property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps establish the legal value of the property. Buyers should be aware that the stamp duty and registration fees are calculated based on this value or the sale price, whichever is higher, making it essential for both parties to understand the implications of the guideline value.

Frequently asked questions

What is the current guideline value of Adiseshanagar 3rd Street?

The current guideline value of Adiseshanagar 3rd Street is Rs 3,800 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 558 per sq.ft in 2003 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 581% over this period.

What is the land classification for Adiseshanagar 3rd Street?

Adiseshanagar 3rd Street is classified as Residential Class II Type - II.

Where is the Sub Registrar Office located for this area?

The Purasaivakkam Sub Registrar Office is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For instance, for a property valued at Rs 38,00,000, the stamp duty would be Rs 2,66,000 at 7%.