Guideline Value for ADITYA INDUSTRIAL PARK

Aditya Industrial Park guideline value

The current guideline value of Aditya Industrial Park is Rs 1,930 per sq.ft, effective from 1 July 2024. This property is located in Thirumudivakkam village under the Padappai SRO and is classified as Residential Class I Type - III.

How the guideline value of Aditya Industrial Park has changed

The guideline value for Aditya Industrial Park has undergone several revisions over the years. The register does not contain figures for the years 2002, 2003, 2007, 2012, and 2017. The 2023 revision set the guideline value at Rs 1,750 per sq.ft, which was an increase from the previous figures, and the most recent revision in 2024 raised it to Rs 1,930 per sq.ft, reflecting a change of +10%.

Comparing the revisions, the 2024 figure of Rs 1,930 per sq.ft is significantly higher than the 2023 figure of Rs 1,750 per sq.ft. The current rate is above the median guideline value of Rs 1,320 per sq.ft for the 56 streets in Thirumudivakkam under the Padappai SRO.

Guideline values in Thirumudivakkam

In Thirumudivakkam, there are 56 streets under the Padappai SRO with guideline values ranging from Rs 660 to Rs 3,860 per sq.ft. The median guideline value is Rs 1,320 per sq.ft, making the Aditya Industrial Park guideline value of Rs 1,930 per sq.ft notably above this median.

• Amarprakash Developers: Rs 1,320 per sq.ft (2024)
• Anna Baba Nagar: Rs 880 per sq.ft (2024)
• A.R.Rahman Nagar: Rs 1,320 per sq.ft (2024)
• Arunagiri Nagar: Rs 880 per sq.ft (2024)
• Astalakshmi Nagar: Rs 880 per sq.ft (2024)
• Bajanai Koil Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Aditya Industrial Park

For a 1,000 sq.ft plot at the current rate of Rs 1,930 per sq.ft, the guideline value amounts to Rs 19,30,000. The stamp duty at 7% would be Rs 1,35,100, and the registration fee at 2% would be Rs 38,600, bringing the total to Rs 1,73,700. 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 details.

Which Sub Registrar Office covers Aditya Industrial Park?

The Sub Registrar Office that covers Aditya Industrial Park 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 Thirumudivakkam

The guideline value is a critical factor in property transactions in Thirumudivakkam, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Aditya Industrial Park?

The current guideline value of Aditya Industrial Park is Rs 1,930 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,750 per sq.ft in 2023 to Rs 1,930 per sq.ft in 2024, marking an increase of +10%. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017.

What is the classification of land in Aditya Industrial Park?

Aditya Industrial Park is classified as Residential Class I Type - III, indicating its intended use for residential purposes.

What are the stamp duty and registration fees for property in Aditya Industrial Park?

For a property valued at Rs 19,30,000, the stamp duty would be Rs 1,35,100 and the registration fee would be Rs 38,600, totaling Rs 1,73,700. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Aditya Industrial Park located?

The Padappai Sub Registrar Office is located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. This office handles registrations for properties in Aditya Industrial Park.