Guideline Value for ADISESHANAGAR MAIN ROAD

Adiseshanagar Main Road guideline value

The current guideline value of Adiseshanagar Main Road 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 Main Road has changed

The guideline value for Adiseshanagar Main Road has undergone several revisions over the years. The earliest recorded figure is from 2002, where the value was Rs 509 per sq.ft. This increased to Rs 558 per sq.ft in 2003, representing a 10% rise. By 2007, the value significantly jumped to Rs 600 per sq.ft, marking an 8% increase. The next revision in 2012 saw the value rise dramatically to Rs 3,500 per sq.ft, reflecting a 483% increase. However, this figure dropped to Rs 2,345 per sq.ft in 2017, a decrease of 33%. The guideline value then rose again to Rs 3,500 per sq.ft in 2023, before reaching the current value of Rs 3,800 per sq.ft in 2024, which is a 9% increase.

Overall, from 2002 to 2024, the guideline value has increased by 647%. There are no figures available for revisions in the years not mentioned in this register.

Guideline values in Perambur

In Perambur, there are 1114 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. The guideline value for Adiseshanagar Main Road is above this median.

• Adiseshanagar 6th Street: Rs 3,800 per sq.ft (2024)
• Adi Shankaran Street: Rs 4,300 per sq.ft (2024)
• Adiseshanagar 5th Street: Rs 3,800 per sq.ft (2024)
• Adiseshanagar 4th Street: Rs 3,800 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 Main Road

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 amount to Rs 2,66,000, and the registration fee at 2% would be Rs 76,000, bringing the total to Rs 3,42,000. It is important to note that the 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 Main Road?

The Sub Registrar Office that covers Adiseshanagar Main Road 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 critical factor when registering property transactions in Perambur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being bought or sold.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Adiseshanagar Main Road?

The current guideline value of Adiseshanagar Main Road 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 509 per sq.ft in 2002 to Rs 3,800 per sq.ft in 2024, reflecting an overall increase of 647% over the years.

What is the stamp duty rate for property in Adiseshanagar Main Road?

The stamp duty rate for property in Adiseshanagar Main Road is 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Adiseshanagar Main Road located?

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

How is the guideline value determined for properties in Perambur?

The guideline value for properties in Perambur is determined by the Registration Department and is based on various factors, including land classification and location. It is updated periodically to reflect changes in the real estate market.