Guideline Value for ADISESHANAGAR 4TH STREET

Adiseshanagar 4th Street guideline value

The current guideline value of Adiseshanagar 4th Street is Rs 3,800 per sq.ft, effective from 1 July 2024. This street is located in Perambur village under the Purasaivakkam SRO, classified as Residential Class II Type - II.

How the guideline value of Adiseshanagar 4th Street has changed

The guideline value for Adiseshanagar 4th Street has seen several revisions over the years. In 2003, the value was Rs 558 per sq.ft, which increased to Rs 600 per sq.ft in 2007. The 2012 revision maintained the value at Rs 3,500 per sq.ft, before dropping to Rs 2,345 per sq.ft in 2017. The next revision in 2023 raised the value to Rs 3,500 per sq.ft, and the most recent revision in 2024 set it at Rs 3,800 per sq.ft. The register has no figure for this street in 2002.

From 2017 to 2023, there was a significant increase of 49%, while the value jumped by 9% from 2023 to 2024. The 2012 to 2017 period saw a decrease of 33%, and the 2007 to 2012 period experienced a remarkable increase of 483%. Overall, from 2003 to 2024, the guideline value has increased by 581%.

Guideline values in Perambur

In Perambur, there are 1,114 streets under the Purasaivakkam SRO with a 2024 guideline value ranging from Rs 1,600 to Rs 7,100 per sq.ft. The median value for these streets is Rs 2,700 per sq.ft, making the 2024 figure for Adiseshanagar 4th Street above the median.

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

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

Which Sub Registrar Office covers Adiseshanagar 4th Street?

The Sub Registrar Office that covers Adiseshanagar 4th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012. You can find your SRO for more details.

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

The guideline value is a crucial factor when registering property transactions in Perambur. It serves as a benchmark for determining the minimum value at which a property can be sold, ensuring that the registration process is transparent and standardized.

When you buy or sell property, the guideline value helps in calculating the applicable stamp duty and registration fees. This ensures that both buyers and sellers are aware of the financial implications involved in the transaction.

Frequently asked questions

What is the current guideline value of Adiseshanagar 4th Street?

The current guideline value of Adiseshanagar 4th 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 of Adiseshanagar 4th Street?

Adiseshanagar 4th Street is classified as Residential Class II Type - II under the Purasaivakkam SRO.

Where can I find the Sub Registrar Office for Adiseshanagar 4th Street?

The Sub Registrar Office for Adiseshanagar 4th Street is located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

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 of Rs 3,800 per sq.ft would incur a total fee of Rs 3,42,000.