Guideline Value for ADITHI GARDEN

Adithi Garden guideline value

The current guideline value of Adithi Garden, located in Perungalathur village under the Padappai SRO, is Rs 2,970 per sq.ft, effective from 1 July 2024. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Adithi Garden has changed

The guideline value of Adithi Garden has seen significant changes over the years. The earliest recorded figure is from the 2017 revision at Rs 1,809 per sq.ft. This value increased to Rs 2,700 per sq.ft in the 2023 revision, marking a rise of 49%. The most recent revision in 2024 has set the guideline value at Rs 2,970 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2017 to 2024, the guideline value has increased by 64%. There are no recorded figures for the years 2002, 2003, 2007, and 2012 for this street, indicating a lack of data for those periods.

Guideline values in Perungalathur

In Perungalathur, there are 411 streets under the Padappai SRO, with guideline values in 2024 ranging from Rs 1,320 to Rs 5,500 per sq.ft. The median value for these streets is Rs 2,310 per sq.ft, placing Adithi Garden's current guideline value above this median.

• Agan Avenue Phase-II: Rs 3,080 per sq.ft (2024)
• Agastheeswarar Koil Street: Rs 1,650 per sq.ft (2024)
• A.G.S. Colony: Rs 1,980 per sq.ft (2024)
• Akan Avenue: Rs 1,770 per sq.ft (2024)
• Akan Avenue Phase III: Rs 2,800 per sq.ft (2024)
• Akan Avenue Phase IV: Rs 2,800 per sq.ft (2024)

Stamp duty and registration fee for property in Adithi Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 2,970 per sq.ft, the total guideline value amounts to Rs 29,70,000. The stamp duty at 7% would be Rs 2,07,900, and the registration fee at 2% would be Rs 59,400, bringing the total cost for these fees to Rs 2,67,300. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Adithi Garden?

The Sub Registrar Office that covers Adithi Garden is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role during property registration in Perungalathur. It is used to determine the stamp duty and registration fees applicable to a property transaction, ensuring that the government receives the appropriate revenue based on the property's assessed value.

When buying or selling property, it is essential to be aware of the current guideline value as it influences the overall cost of the transaction. Buyers should ensure that the sale price is at least equal to or greater than the guideline value to avoid any discrepancies during registration.

Frequently asked questions

What is the current guideline value of Adithi Garden?

The current guideline value of Adithi Garden is Rs 2,970 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 1,809 per sq.ft to Rs 2,970 per sq.ft in 2024, marking an overall increase of 64%.

What is the land classification of Adithi Garden?

The land classification for Adithi Garden is Commercial Class I Type - II.

Where can I find the Sub Registrar Office for Adithi Garden?

The Padappai Sub Registrar Office covers Adithi Garden, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher, while the registration fee is charged at 2% of the same. For example, a 1,000 sq.ft plot at the current rate would incur total fees of Rs 2,67,300.