Guideline Value for ADP AVENUE

Adp Avenue guideline value

The current guideline value of Adp Avenue is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Chitthalapakkam village under the Selaiyur SRO and is classified as Residential Class III Type - I.

How the guideline value of Adp Avenue has changed

The guideline value for Adp Avenue has seen several revisions over the years. The 2012 revision set the value at Rs 1,200 per sq.ft. However, in the 2017 revision, the value decreased to Rs 804 per sq.ft, marking a significant drop of 33%. Following this, the 2023 revision increased the value to Rs 1,200 per sq.ft, and the most recent 2024 revision has set it at Rs 1,300 per sq.ft, reflecting an increase of 8% from the previous year.

Between the 2017 and 2023 revisions, there was a substantial increase of 49%. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 8%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Chitthalapakkam

In Chitthalapakkam, there are 107 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 5,000 per sq.ft, with a median value of Rs 2,900 per sq.ft. Adp Avenue's 2024 figure is below this median.

• Ambal Nagar: Rs 2,700 per sq.ft (2024)
• Ambethkar Street: Rs 2,700 per sq.ft (2024)
• Amudhas Green Layout: Rs 3,330 per sq.ft (2024)
• Amutha Nagar: Rs 2,450 per sq.ft (2024)
• Aravindar Enclave: Rs 1,950 per sq.ft (2024)
• Aravind Avenue: Rs 2,950 per sq.ft (2024)

Stamp duty and registration fee for property in Adp Avenue

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, bringing the total cost to Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Adp Avenue?

The Sub Registrar Office that covers Adp Avenue 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 Chitthalapakkam

The guideline value plays a crucial role in the registration of property transactions in Chitthalapakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that transactions are recorded at a fair value as per government standards.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are necessary for the legal transfer of property ownership. Buyers should be aware that these fees are calculated based on the higher of the guideline value or the sale price.

Frequently asked questions

What is the current guideline value of Adp Avenue?

The current guideline value of Adp Avenue is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,200 per sq.ft in 2012 to Rs 804 per sq.ft in 2017, then back to Rs 1,200 per sq.ft in 2023, and finally to Rs 1,300 per sq.ft in 2024.

What is the land classification of Adp Avenue?

Adp Avenue is classified as Residential Class III Type - I, indicating its suitability for residential development.

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.

How is the stamp duty calculated for properties in Adp Avenue?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, a property valued at Rs 13,00,000 would incur a stamp duty of Rs 91,000 at 7%.