Guideline Value for ADITYARAM SEASHELL AVEUNE

Adityaram Seashell Aveune guideline value

The current guideline value of Adityaram Seashell Aveune is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Enjambakkam village, under the Neelankarai SRO, and is classified as Residential Class I Type - I.

How the guideline value of Adityaram Seashell Aveune has changed

The guideline value of Adityaram Seashell Aveune has undergone several revisions over the years. In 2012, the guideline value was set at Rs 3,500 per sq.ft. This remained unchanged until the 2017 revision, where it decreased to Rs 2,345 per sq.ft. Following this, the value increased significantly to Rs 3,500 per sq.ft in 2023, before reaching the current value of Rs 3,900 per sq.ft in 2024, marking an 11% increase from the previous year.

From the 2017 revision to the 2023 revision, there was a substantial increase of 49%. Overall, comparing the 2012 revision to the 2024 revision, the guideline value has increased by 11%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Enjambakkam

In Enjambakkam, there are 253 streets under the Neelankarai SRO that carry a 2024 guideline value ranging from Rs 1,100 to Rs 7,200 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Adityaram Seashell Aveune's 2024 figure above this median.

• Adhithya Avenue: Rs 2,800 per sq.ft (2024)
• Aavin Street (Near Ecr): Rs 2,200 per sq.ft (2024)
• Ambedkar Street: Rs 1,700 per sq.ft (2024)
• Ankala Parameswari Street: Rs 1,100 per sq.ft (2024)
• Anna Enclave: Rs 3,300 per sq.ft (2024)
• Annai Theresa Road: Rs 1,700 per sq.ft (2024)

Stamp duty and registration fee for property in Adityaram Seashell Aveune

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total cost for these fees to Rs 3,51,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Adityaram Seashell Aveune?

The Sub Registrar Office that covers Adityaram Seashell Aveune 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 details.

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

The guideline value is a crucial factor when registering property in Enjambakkam. It serves as a benchmark for determining the minimum value at which a property can be sold or bought. During the registration process, the guideline value is used to calculate applicable stamp duty and registration fees, ensuring that the transaction is recorded accurately.

When a buyer or seller engages in a property transaction, they must consider the guideline value to understand the financial obligations involved. The registration office relies on this value to maintain transparency and consistency in property transactions, safeguarding the interests of all parties involved.

Frequently asked questions

What is the current guideline value of Adityaram Seashell Aveune?

The current guideline value of Adityaram Seashell Aveune is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,500 per sq.ft in 2012 to Rs 2,345 per sq.ft in 2017, then increased to Rs 3,500 per sq.ft in 2023, and finally to Rs 3,900 per sq.ft in 2024.

What is the land classification of Adityaram Seashell Aveune?

Adityaram Seashell Aveune is classified as Residential Class I Type - I, which indicates its designation for residential use.

Where can I find the Neelankarai Sub Registrar Office?

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

How is stamp duty calculated for properties in Adityaram Seashell Aveune?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 39,00,000, the stamp duty would be Rs 2,73,000 at a rate of 7%.