Guideline Value for ADITHIYA GARDEN

Adithiya Garden guideline value

The current guideline value of Adithiya Garden, located in Ninna Karai village, is Rs 1,321 per sq.ft, effective from 1 July 2024. This property falls under the Chengleput Joint II SRO and is classified as Residential Special Type - V.

How the guideline value of Adithiya Garden has changed

The guideline value for Adithiya Garden has seen several revisions over the years. In 2012, the value was set at Rs 1,200 per sq.ft, which then decreased to Rs 804 per sq.ft in 2017. Following this, the value increased significantly to Rs 1,200 per sq.ft in 2023, and then further rose to Rs 1,321 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. The overall change from the 2012 to 2024 revisions shows a modest increase of 10%. It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street.

Guideline values in Ninna Karai

Ninna Karai village has a total of 449 streets under the Chengleput Joint II SRO, with 2024 guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value for the village is Rs 1,100 per sq.ft, placing Adithiya Garden's 2024 figure above this median.

• Adithya Nagar Phase - II: Rs 1,321 per sq.ft (2024)
• Agathiar Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Abi Santhosh Nagar Phase - II: Rs 990 per sq.ft (2024)
• Abi Santhosh Nagar Phase - I: Rs 990 per sq.ft (2024)
• Abi Santhosh Nagar: Rs 990 per sq.ft (2024)
• Agayathiyar Street (N): Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Adithiya Garden

For a 1,000 sq.ft plot at the current guideline value of Rs 1,321 per sq.ft, the total guideline value amounts to Rs 13,21,000. The stamp duty at 7% would be Rs 92,470, and the registration fee at 2% would be Rs 26,420, bringing the total cost for these charges to Rs 1,18,890. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information on calculating these costs, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Adithiya Garden?

The Sub Registrar Office that covers Adithiya Garden is the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Ninna Karai. It is used to determine the stamp duty and registration fees that must be paid at the time of registration, ensuring that the transaction is compliant with local regulations.

Buyers and sellers should be aware that the guideline value may differ from the actual sale price. The registration fees and stamp duty are calculated based on the higher of the two values, ensuring that the government receives its due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Adithiya Garden?

The current guideline value of Adithiya Garden is Rs 1,321 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,321 per sq.ft in 2024.

What is the land classification of Adithiya Garden?

Adithiya Garden is classified as Residential Special Type - V under the Chengleput Joint II SRO.

What are the stamp duty rates for property in Adithiya Garden?

The stamp duty for property in Adithiya Garden is charged at 7% of the guideline value or sale price, whichever is higher.

Which Sub Registrar Office covers Ninna Karai?

The Chengleput Joint II Sub Registrar Office covers Ninna Karai, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.