Guideline Value for ADITHYA NAGAR

Adithya Nagar guideline value

The current guideline value of Adithya Nagar is Rs 500 per sq.ft, effective from 1 July 2024. This street is located in Malaipattu village and falls under the Sunguvarchattram SRO. The land classification for this area is Mixed Type - II.

How the guideline value of Adithya Nagar has changed

The guideline value for Adithya Nagar has remained consistent at Rs 500 per sq.ft from the 2023 revision to the 2024 revision, showing no percentage change. Prior to this, the register has no figure for this street in the revisions of 2002, 2003, 2007, 2012, and 2017.

In the 2023 revision, the guideline value was Rs 500 per sq.ft, which is the same as the current rate. This consistency indicates stability in the guideline value for this street over the recent years.

Guideline values in Malaipattu

Malaipattu village has a total of 36 streets under the Sunguvarchattram SRO that carry a 2024 guideline value, ranging from Rs 150 to Rs 1,181 per sq.ft. The median value for these streets is Rs 200 per sq.ft, placing Adithya Nagar's 2024 figure above this median.

• Agraharam: Rs 441 per sq.ft (2024)
• Ambethkar Street: Rs 200 per sq.ft (2024)
• Anna Nagar: Rs 200 per sq.ft (2024)
• Anna Street: Rs 150 per sq.ft (2024)
• Arunthava Nagar: Rs 200 per sq.ft (2024)
• Bharathidhasan Street: Rs 150 per sq.ft (2024)

Stamp duty and registration fee for property in Adithya Nagar

For a 1,000 sq.ft plot at the current rate of Rs 500 per sq.ft, the guideline value amounts to Rs 5,00,000. The stamp duty at 7% would be Rs 35,000, and the registration fee at 2% would be Rs 10,000, totaling Rs 45,000. 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 Adithya Nagar?

The Sub Registrar Office that covers Adithya Nagar is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in property transactions in Malaipattu, as it determines the minimum value at which property can be registered. Buyers and sellers must consider this value to ensure compliance with registration norms.

When registering a property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs associated with property transactions. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher.

Frequently asked questions

What is the current guideline value of Adithya Nagar?

The current guideline value of Adithya Nagar is Rs 500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 500 per sq.ft since the 2023 revision, with no changes noted in previous revisions from 2002 to 2017.

What is the median guideline value in Malaipattu?

The median guideline value for streets in Malaipattu is Rs 200 per sq.ft, with Adithya Nagar's value being above this median.

What are the stamp duty and registration fees for a property in Adithya Nagar?

For a property valued at Rs 5,00,000, the stamp duty would be Rs 35,000, and the registration fee would be Rs 10,000, totaling Rs 45,000.

Where can I find the Sub Registrar Office for Adithya Nagar?

The Sub Registrar Office for Adithya Nagar is located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.