Guideline Value for ADIYAMMAN STREET

Adiyamman Street guideline value

The current guideline value of Adiyamman Street is Rs 3,300 per sq.ft, effective from 1 July 2024. This street is located in Zaminpallavaram village, under the Pallavaram SRO, and is classified as Residential Class I Type - II.

How the guideline value of Adiyamman Street has changed

The guideline value for Adiyamman Street has seen several revisions over the years. In 2012, the value was set at Rs 3,000 per sq.ft, which was a decrease of 33% from Rs 2,010 per sq.ft in 2017. The value remained at Rs 3,000 per sq.ft until the next revision in 2023, where it increased to Rs 3,000 per sq.ft. The most recent revision in 2024 has raised the guideline value to Rs 3,300 per sq.ft, marking a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 10%. It is important to note that there are no recorded figures for Adiyamman Street in the revisions from 2002, 2003, and 2007.

Guideline values in Zaminpallavaram

Zaminpallavaram village has a total of 638 streets under the Pallavaram SRO, with guideline values ranging from Rs 2,100 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,300 per sq.ft, which is the same as the 2024 figure for Adiyamman Street.

• Agasthiyar 1st Street: Rs 3,300 per sq.ft (2024)
• Agasthiyar 2nd Street: Rs 3,300 per sq.ft (2024)
• Agasthiyar 3rd Street: Rs 3,300 per sq.ft (2024)
• Agasthiyar Back Street: Rs 3,300 per sq.ft (2024)
• Agasthiyar lane: Rs 3,300 per sq.ft (2024)
• Agasthiyar Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Adiyamman Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,300 per sq.ft, the total guideline value would be Rs 33,00,000. The stamp duty at 7% would amount to Rs 2,31,000, and the registration fee at 2% would be Rs 66,000, bringing the total cost to Rs 2,97,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Adiyamman Street?

The Sub Registrar Office that covers Adiyamman Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Zaminpallavaram. It is used to determine the stamp duty and registration fees that need to be paid during the transaction.

Buyers and sellers must be aware that the guideline value is set by the Registration Department and is subject to periodic revisions. This value must be considered when assessing the overall costs associated with property transactions in the area.

Frequently asked questions

What is the current guideline value of Adiyamman Street?

The current guideline value of Adiyamman Street is Rs 3,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,000 per sq.ft in 2023 to Rs 3,300 per sq.ft in 2024, a 10% increase. It was Rs 3,000 per sq.ft in 2012 and Rs 2,010 per sq.ft in 2017, showing significant changes over the years.

What is the land classification for Adiyamman Street?

Adiyamman Street is classified as Residential Class I Type - II, indicating its suitability for residential purposes.

Where can I find the Sub Registrar Office for Adiyamman Street?

The Sub Registrar Office for Adiyamman Street is located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone.

How is the stamp duty calculated for property transactions?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 33,00,000, the stamp duty would be Rs 2,31,000 at a rate of 7%.