Guideline Value for ADL Charles Nager Annex

ADL Charles Nager Annex guideline value

The current guideline value of ADL Charles Nager Annex is Rs 1,540 per sq.ft, effective from 1 July 2024. This area is located in Mangadu -A village, under the Kunrathur SRO, and is classified as Residential Class II Type - I.

How the guideline value of ADL Charles Nager Annex has changed

The guideline value for ADL Charles Nager Annex has seen significant changes over the years. The 2017 revision set the value at Rs 938 per sq.ft, which increased to Rs 1,400 per sq.ft in the 2023 revision. The most recent revision in 2024 has raised the value to Rs 1,540 per sq.ft, marking a 10% increase from the previous year.

From 2017 to 2023, the guideline value increased by 49%, and from 2017 to 2024, the overall increase is 64%. It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Mangadu -A

In Mangadu -A, there are 208 streets under the Kunrathur SRO with a 2024 guideline value ranging from Rs 1,320 to Rs 3,300 per sq.ft. The median value for these streets is Rs 1,870 per sq.ft, placing the guideline value of ADL Charles Nager Annex below this median.

• Abdul Samath Nagar: Rs 1,760 per sq.ft (2024)
• A.A.A. Nagar: Rs 1,760 per sq.ft (2024)
• Ambal Nagar: Rs 1,870 per sq.ft (2024)
• Ambal Nagar Alamelu Street: Rs 1,430 per sq.ft (2024)
• Ambal Nagar Extension: Rs 1,870 per sq.ft (2024)
• Appavoo Nagar, 1st Road to IIIrd Road: Rs 1,540 per sq.ft (2024)

Stamp duty and registration fee for property in ADL Charles Nager Annex

For a 1,000 sq.ft plot at the current guideline value of Rs 1,540 per sq.ft, the total guideline value amounts to Rs 15,40,000. The stamp duty at 7% would be Rs 1,07,800, and the registration fee at 2% would be Rs 30,800, bringing the total cost for these fees to Rs 1,38,600. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers ADL Charles Nager Annex?

The Sub Registrar Office that covers ADL Charles Nager Annex is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Mangadu -A

The guideline value is a crucial factor when buying or selling property in Mangadu -A. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the property transaction process.

When registering the property, the guideline value is used to calculate the applicable fees, ensuring that both buyers and sellers are aware of the costs involved in the transfer of ownership.

Frequently asked questions

What is the current guideline value of ADL Charles Nager Annex?

The current guideline value of ADL Charles Nager Annex is Rs 1,540 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed recently?

From the 2023 revision to the 2024 revision, the guideline value increased by 10%. Overall, from the 2017 revision to the 2024 revision, there has been a 64% increase.

What is the land classification for ADL Charles Nager Annex?

ADL Charles Nager Annex is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the registration office for ADL Charles Nager Annex?

The registration office covering ADL Charles Nager Annex is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current guideline value, the total stamp duty would be Rs 1,07,800.