Guideline Value for ADITHYA NAGAR PHASE - II

Adithya Nagar Phase - II guideline value

The current guideline value for Adithya Nagar Phase - II is Rs 1,321 per sq.ft, effective from 1 July 2024. This area is located in Ninna Karai village, under the Chengleput Joint II SRO, and is classified as Residential Special Type - V.

How the guideline value of Adithya Nagar Phase - II has changed

The guideline value for Adithya Nagar Phase - II 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 currently stands at Rs 1,321 per sq.ft as of the 2024 revision, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2012 to 2024, there has been a 10% increase in the guideline value. The register does not contain figures 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 guideline values ranging from Rs 440 to Rs 3,500 per sq.ft. The median guideline value in this village is Rs 1,100 per sq.ft, and the guideline value for Adithya Nagar Phase - II is above this median.

• Adithiya Garden: Rs 1,321 per sq.ft (2024)
• Agathiar Street (Ward -7): Rs 1,321 per sq.ft (2024)
• Agayathiyar Street (N): Rs 1,320 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)

Stamp duty and registration fee for property in Adithya Nagar Phase - II

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 to Rs 1,18,890. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

You can calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Adithya Nagar Phase - II?

The Adithya Nagar Phase - II area falls under the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. To find your specific SRO, you can visit find your SRO.

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

The guideline value is a crucial factor during property transactions in Ninna Karai as it determines the stamp duty and registration fees applicable to the property. Buyers and sellers must refer to the current guideline value to understand the financial obligations associated with the transaction.

When registering a property, the guideline value is compared to the sale price, and the higher of the two is used to calculate the stamp duty. This ensures that the appropriate fees are collected based on the value of the property being transferred.

Frequently asked questions

What is the current guideline value of Adithya Nagar Phase - II?

The current guideline value of Adithya Nagar Phase - II 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 Adithya Nagar Phase - II?

Adithya Nagar Phase - II is classified as Residential Special Type - V, indicating its designated use for residential purposes.

Where can I find more information about stamp duty and registration fees?

You can find more information and calculate your stamp duty and registration fees using the stamp duty and registration fee calculator.

Which office handles the registration for Adithya Nagar Phase - II?

The registration for Adithya Nagar Phase - II is handled by the Chengleput Joint II Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.