Guideline Value for ADP DRAM CITY

Adp Dram City guideline value

The current guideline value of Adp Dram City, located in Kattoor village under the Thiruporur SRO, is Rs 1,269 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Adp Dram City has changed

Over the years, the guideline value of Adp Dram City has seen several revisions. The 2017 revision recorded a guideline value of Rs 850 per sq.ft. This value remained unchanged until the 2023 revision, which also listed the value at Rs 1,269 per sq.ft. The most recent revision in 2024 maintained the same figure of Rs 1,269 per sq.ft, indicating no change from the previous year. Notably, there are no figures available for the revisions in 2002, 2003, 2007, and 2012 for this street.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, there has been a consistent increase of 49% in the guideline value for Adp Dram City, reflecting significant changes in the area over the years.

Guideline values in Kattoor

Kattoor village features 22 streets under the Thiruporur SRO that carry a 2024 guideline value ranging from Rs 250 to Rs 1,493 per sq.ft. The median guideline value in this area is Rs 749 per sq.ft, placing Adp Dram City's 2024 figure above this median.

• Arumugam Nagar Phase II: Rs 896 per sq.ft (2024)
• Arumugam Nagar Phase III: Rs 896 per sq.ft (2024)
• Balaji City Radhan Nagar: Rs 250 per sq.ft (2024)
• Brindhavan Nagar Phase I: Rs 250 per sq.ft (2024)
• M.S. Nagar: Rs 1,269 per sq.ft (2024)
• Palm Avenue: Rs 602 per sq.ft (2024)

Stamp duty and registration fee for property in Adp Dram City

For a 1,000 sq.ft plot at the current guideline value of Rs 1,269 per sq.ft, the total guideline value amounts to Rs 12,69,000. The stamp duty, calculated at 7%, would be Rs 88,830, while the registration fee at 2% would be Rs 25,380. Together, the total cost for stamp duty and registration would be Rs 1,14,210. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Adp Dram City?

The Sub Registrar Office that covers Adp Dram City is the Thiruporur Sub Registrar Office, located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kattoor. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction, ensuring that the government receives the appropriate revenue from property transfers.

When registering a property, buyers must consider the guideline value as it influences the overall costs associated with the purchase. The registration office uses this value to assess the applicable fees, which can vary based on the property's size and value.

Frequently asked questions

What is the current guideline value of Adp Dram City?

The current guideline value of Adp Dram City is Rs 1,269 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since 2017, the guideline value has increased from Rs 850 per sq.ft to Rs 1,269 per sq.ft in 2024, marking a 49% increase overall.

What are the stamp duty rates for property in Adp Dram City?

The stamp duty for property transactions in Adp Dram City is charged at 7% of the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office for Adp Dram City located?

The Thiruporur Sub Registrar Office is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.

What does the guideline value indicate?

The guideline value indicates the minimum value set by the government for property transactions, which is used to calculate applicable stamp duty and registration fees during the registration process.