Guideline Value for ADISESHANAGAR 6TH STREET

Adiseshanagar 6th Street guideline value

The current guideline value of Adiseshanagar 6th 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 6th Street has changed

The guideline value for Adiseshanagar 6th Street has undergone several revisions over the years. The earliest recorded value was Rs 558 per sq.ft in 2003, which increased to Rs 600 per sq.ft in 2007. Following this, the value saw a significant jump to Rs 3,500 per sq.ft in 2012, but then decreased to Rs 2,345 per sq.ft in 2017. From 2017 to 2023, the value rose sharply to Rs 3,500 per sq.ft, and the most recent revision in 2024 set the value at Rs 3,800 per sq.ft, marking a 9% increase from the previous year.

Overall, from 2003 to 2024, the guideline value has increased by 581%. It is important to note that there is no figure available for the 2002 revision in the register for this street.

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 is Rs 2,700 per sq.ft, placing Adiseshanagar 6th Street's 2024 figure above this median.

• Adiseshanagar 5th Street: Rs 3,800 per sq.ft (2024)
• Adiseshanagar Main Road: Rs 3,800 per sq.ft (2024)
• Adiseshanagar 4th Street: Rs 3,800 per sq.ft (2024)
• Adi Shankaran Street: Rs 4,300 per sq.ft (2024)
• Adiseshanagar 3rd Street: Rs 3,800 per sq.ft (2024)
• Adiseshanagar 2nd Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Adiseshanagar 6th 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. 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 6th Street?

The Sub Registrar Office that covers Adiseshanagar 6th 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 when buying or selling property in Perambur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that both parties are aware of the official value assigned to the property.

When a property is sold, the guideline value helps determine the applicable taxes and fees, which are based on either the guideline value or the sale price, whichever is higher. This ensures transparency in property transactions and helps maintain a standard for property valuations in the area.

Frequently asked questions

What is the current guideline value of Adiseshanagar 6th Street?

The current guideline value of Adiseshanagar 6th 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 seen several revisions, starting from Rs 558 per sq.ft in 2003, increasing to Rs 3,800 per sq.ft in 2024, with notable changes in between, including a significant drop in 2017.

What is the classification of land in Adiseshanagar 6th Street?

The land in Adiseshanagar 6th Street is classified as Residential Class II Type - II.

Where can I find the registration office for Adiseshanagar 6th Street?

The registration office for Adiseshanagar 6th Street is the Purasaivakkam Sub Registrar Office, located at 93/1, Bricklin Road, Otteri, Chennai- 600 012.

How is the stamp duty calculated for properties in Adiseshanagar 6th Street?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 3,800 per sq.ft, the total guideline value would be Rs 38,00,000, leading to a stamp duty of Rs 2,66,000.