Guideline Value for ADISON THOPE

Adison Thope guideline value

The current guideline value of Adison Thope is Rs 401 per sq.ft, effective from 1 July 2024. This street is located in Karunguzhi village under the Madurandakam SRO, classified as Mixed Type - I land.

How the guideline value of Adison Thope has changed

In the 2007 revision, the guideline value for Adison Thope was Rs 40 per sq.ft. This figure saw a significant increase in the 2012 revision, where it rose to Rs 400 per sq.ft, marking a 900% increase. However, in the 2017 revision, the value decreased to Rs 268 per sq.ft, reflecting a decline of 33%. The guideline value then increased to Rs 400 per sq.ft in the 2023 revision, before stabilizing at Rs 401 per sq.ft in the 2024 revision, showing no change from the previous year.

There are no figures available for the years 2002 and 2003 in the register for this street. Overall, from 2007 to 2024, the guideline value has increased by 903%.

Guideline values in Karunguzhi

In Karunguzhi, there are 37 streets under the Madurandakam SRO that carry a 2024 guideline value ranging from Rs 401 to Rs 1,000 per sq.ft. The median value is Rs 401 per sq.ft, which is the same as that of Adison Thope.

• Bajanai Koil Street: Rs 401 per sq.ft (2024)
• Bazaar Street: Rs 600 per sq.ft (2024)
• Brammanar Street: Rs 401 per sq.ft (2024)
• Dharmaraja Koil Street: Rs 401 per sq.ft (2024)
• East Pillayar Koil Street: Rs 401 per sq.ft (2024)
• Eri Colony: Rs 401 per sq.ft (2024)

Stamp duty and registration fee for property in Adison Thope

For a 1,000 sq.ft plot at the current guideline value of Rs 401 per sq.ft, the total guideline value would be Rs 4,01,000. The stamp duty at 7% would amount to Rs 28,070, and the registration fee at 2% would be Rs 8,020, bringing the total cost for these fees to Rs 36,090. 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 Adison Thope?

The Sub Registrar Office that covers Adison Thope is the Madurandakam Sub Registrar Office, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Karunguzhi. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction.

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

Frequently asked questions

What is the current guideline value of Adison Thope?

The current guideline value of Adison Thope is Rs 401 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 40 per sq.ft in 2007 to Rs 401 per sq.ft in 2024, marking an overall increase of 903%.

What are the stamp duty and registration fees for property in Adison Thope?

For a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 28,070, and the registration fee would be Rs 8,020, totaling Rs 36,090.

Which office handles property registrations for Adison Thope?

The Madurandakam Sub Registrar Office handles property registrations for Adison Thope, located at No.53, Old Taluk Office Road, Maduranthakam-603306, Chengalpattu registration zone.

What is the land classification of Adison Thope?

Adison Thope is classified as Mixed Type - I land, which influences its guideline value and usage regulations.