Guideline Value for ADITYARAM NAGAR

Adityaram Nagar guideline value

The current guideline value of Adityaram Nagar is Rs 1,700 per sq.ft, effective from 1 July 2024. This area falls under the village of Sholinganallur - 1 and is classified as Residential Class IV Type - I by the Neelankarai SRO.

How the guideline value of Adityaram Nagar has changed

The guideline value for Adityaram Nagar has seen significant changes over the years. The 2017 revision set the value at Rs 1,005 per sq.ft, and the most recent 2024 revision has increased this to Rs 1,700 per sq.ft, marking a change of +69%. There are no figures available for the revisions in 2023, 2012, 2007, 2003, and 2002 for this street.

From the 2017 revision to the 2024 revision, the increase indicates a notable adjustment in the guideline value. The current figure of Rs 1,700 per sq.ft is reflective of the latest updates and is crucial for property transactions in the area.

Guideline values in Sholinganallur - 1

In Sholinganallur - 1, there are 754 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,000 to Rs 8,800 per sq.ft, with a median value of Rs 2,200 per sq.ft. Adityaram Nagar's current guideline value is below this median.

• Advant Christian Mayana Pathai: Rs 1,700 per sq.ft (2024)
• Adikesavan Street (Village Road): Rs 2,200 per sq.ft (2024)
• Adhiya Vikram Podar: Rs 1,700 per sq.ft (2024)
• ADHITHTYA RAM Studio's: Rs 4,400 per sq.ft (2024)
• Aandi Street (Grama Nedunchalai 2nd Cross Street): Rs 2,200 per sq.ft (2024)
• A.K.Holdings Park: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Adityaram Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,700 per sq.ft, the total guideline value amounts to Rs 17,00,000. The stamp duty at 7% would be Rs 1,19,000, and the registration fee at 2% would be Rs 34,000, bringing the total cost to Rs 1,53,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Adityaram Nagar?

The Sub Registrar Office that covers Adityaram Nagar is the Neelankarai Sub Registrar Office, located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Sholinganallur - 1

The guideline value is a critical factor in property transactions in Sholinganallur - 1. It determines the minimum value at which properties can be registered and is used to calculate stamp duty and registration fees during the sale process.

When buying or selling property, it is essential to be aware of the current guideline value as it influences the overall costs involved in the transaction. This ensures compliance with local regulations and helps in understanding the financial implications of the property deal.

Frequently asked questions

What is the current guideline value of Adityaram Nagar?

The current guideline value of Adityaram Nagar is Rs 1,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed from Rs 1,005 per sq.ft in 2017 to Rs 1,700 per sq.ft in 2024, which is an increase of +69%.

Are there any revisions without figures for Adityaram Nagar?

Yes, the register has no figures for the revisions in 2023, 2012, 2007, 2003, and 2002 for Adityaram Nagar.

What is the median guideline value in Sholinganallur - 1?

The median guideline value in Sholinganallur - 1 is Rs 2,200 per sq.ft, while Adityaram Nagar's current value is below this median.

Where is the Neelankarai Sub Registrar Office located?

The Neelankarai Sub Registrar Office is located at 2/71, Gajura Garden, 2nd St, East Coast Road, Neelangarai, Ch-41, Chennai registration zone.