Guideline Value for ADITYA NAGAR

Aditya Nagar guideline value

The current guideline value of Aditya Nagar, located in Arasankalani village, is Rs 4,100 per sq.ft as per the 2024 revision, effective from 1 July 2024. This area falls under the Selaiyur SRO and is classified as Mixed Type - II land.

How the guideline value of Aditya Nagar has changed

The guideline value for Aditya Nagar has seen significant changes over the years. The 2017 revision set the value at Rs 2,500 per sq.ft. This was followed by a substantial increase to Rs 3,735 per sq.ft in the 2023 revision, marking a 49% rise. The latest revision in 2024 has further increased the guideline value to Rs 4,100 per sq.ft, which is a 10% increase from the previous year.

Overall, from the 2017 revision to the 2024 revision, the guideline value has increased by 64%. It is important to note that there are no figures available for the years 2002, 2003, 2007, and 2012 for this street in the register.

Guideline values in Arasankalani

In Arasankalani, there are 85 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 4,750 per sq.ft, with a median value of Rs 2,100 per sq.ft. The guideline value of Aditya Nagar is above this median.

• Agni Avenue: Rs 1,650 per sq.ft (2024)
• Akshayam Roheline: Rs 3,500 per sq.ft (2024)
• Amman Koil Street: Rs 1,300 per sq.ft (2024)
• Annai Indra Street: Rs 2,100 per sq.ft (2024)
• Arasankazhani - Nookampalayam Road: Rs 2,100 per sq.ft (2024)
• Bagathsingh Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Aditya Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 4,100 per sq.ft, the total guideline value amounts to Rs 41,00,000. The stamp duty at 7% would be Rs 2,87,000, and the registration fee at 2% would be Rs 82,000, bringing the total cost for these fees to Rs 3,69,000. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use our stamp duty and registration fee calculator.

Which Sub Registrar Office covers Aditya Nagar?

The Sub Registrar Office that covers Aditya Nagar is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Arasankalani. When buying or selling a property, the guideline value is used to determine the applicable stamp duty and registration fees. This ensures that both the buyer and seller are aware of the financial obligations involved in the transaction.

Additionally, the guideline value helps in standardizing property prices within the area, providing a reference point for buyers and sellers. It is essential to consider the guideline value when planning a property transaction to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Aditya Nagar?

The current guideline value of Aditya Nagar is Rs 4,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased from Rs 2,500 per sq.ft to Rs 4,100 per sq.ft in 2024, marking an overall increase of 64%.

What are the other streets in Arasankalani and their guideline values?

Other streets in Arasankalani include Agni Avenue at Rs 1,650 per sq.ft, Akshayam Roheline at Rs 3,500 per sq.ft, and several others with varying rates. The guideline values range from Rs 1,300 to Rs 4,750 per sq.ft in the village.

How is stamp duty calculated for properties in Aditya Nagar?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 41,00,000 would incur a stamp duty of Rs 2,87,000.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073. You can find more details through the provided link.