Guideline Value for ADITHIYA GARDEN

Adithiya Garden guideline value

The current guideline value of Adithiya Garden, located in Peramanoor village, is Rs 1,320 per sq.ft as per the 2024 revision effective from 1 July 2024. This area falls under the Chengleput Joint II SRO and is classified as Residential Special Type - V.

How the guideline value of Adithiya Garden has changed

Over the years, the guideline value for Adithiya Garden has seen several revisions. The 2012 revision set the value at Rs 1,200 per sq.ft, which was later revised to Rs 804 per sq.ft in 2017. This marked a decrease of 33%. However, from 2017 to 2023, the value increased significantly to Rs 1,200 per sq.ft, reflecting a rise of 49%. The most recent revision in 2024 has further increased the value to Rs 1,320 per sq.ft, marking a 10% increase from the previous year.

The guideline value has remained consistent since the 2012 revision, with the overall change from 2012 to 2024 being 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 particular street.

Guideline values in Peramanoor

In Peramanoor, there are 430 streets under the Chengleput Joint II SRO, with guideline values ranging from Rs 550 to Rs 2,200 per sq.ft. The median guideline value for the area is Rs 1,100 per sq.ft, making the current value of Adithiya Garden above this median.

• Agathiar Street (Ward -7): Rs 1,320 per sq.ft (2024)
• Agayathiyar Street (N): Rs 661 per sq.ft (2024)
• Agayathya Garden (N): Rs 661 per sq.ft (2024)
• Abi Rail Nagar(Kr): Rs 990 per sq.ft (2024)
• Alayamman Koil Street (Ward -19): Rs 550 per sq.ft (2024)
• Ambedkar Street (Ward -3): Rs 661 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 1,320 per sq.ft, the total guideline value amounts to Rs 13,20,000. The stamp duty at 7% would be Rs 92,400, and the registration fee at 2% would be Rs 26,400, bringing the total fees together to Rs 1,18,800. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

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, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in property transactions in Peramanoor. It serves as a benchmark for determining the stamp duty and registration fees applicable when buying or selling property in the area. Buyers and sellers must consider this value to ensure compliance with local regulations during the registration process.

When a property is sold, the guideline value helps in assessing the transaction's legitimacy and ensures that the taxes are calculated fairly. It is essential for both parties to be aware of the current guideline value to avoid discrepancies during the registration of the property.

Frequently asked questions

What is the current guideline value of Adithiya Garden?

The current guideline value of Adithiya Garden is Rs 1,320 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 2023 to Rs 1,320 per sq.ft in 2024. It was Rs 804 per sq.ft in 2017, showing significant changes over the years.

What is the land classification of Adithiya Garden?

Adithiya Garden is classified as Residential Special Type - V, indicating its intended use for residential purposes.

Where can I find the Chengleput Joint II Sub Registrar Office?

The Chengleput Joint II Sub Registrar Office is located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone.

How is the stamp duty calculated for property in Adithiya Garden?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft property at the current guideline value, the total stamp duty would be Rs 92,400.