Guideline Value for ADTHI NAGAR

Adthi Nagar guideline value

The current guideline value of Adthi Nagar, located in Kannivakkam village under the Thiruporur SRO, is Rs 1,200 per sq.ft. This value is effective from 1 July 2024 and falls under the Residential Class II Type - II land classification.

How the guideline value of Adthi Nagar has changed

According to the guideline value register, the revisions for Adthi Nagar show that the 2023 revision was Rs 1,200 per sq.ft, which remains unchanged in the 2024 revision. The register has no figure for this street for the years 2017, 2012, 2007, 2003, and 2002.

From the 2023 to the 2024 revision, there was a change of +0%. This indicates that the guideline value has remained stable over the past year.

Guideline values in Kannivakkam

In Kannivakkam, there are 32 streets under the Thiruporur SRO that carry a 2024 guideline value, ranging from Rs 450 to Rs 2,389 per sq.ft. The median guideline value for these streets is Rs 1,050 per sq.ft, placing Adthi Nagar's 2024 figure above that median.

• A R Garden: Rs 1,000 per sq.ft (2024)
• Balasubramaniyam Nagar: Rs 1,600 per sq.ft (2024)
• Century Park: Rs 1,642 per sq.ft (2024)
• Compact Homes Haripriya: Rs 1,493 per sq.ft (2024)
• Dvr Sarathi Nagar: Rs 1,500 per sq.ft (2024)
• Dvr Sarathi Nagar Phase I: Rs 1,500 per sq.ft (2024)

Stamp duty and registration fee for property in Adthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, while the registration fee at 2% would be Rs 24,000, leading to a total of Rs 1,08,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Adthi Nagar?

The Sub Registrar Office covering Adthi Nagar 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 Kannivakkam

The guideline value is a critical factor during the registration of property transactions in Kannivakkam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the baseline value of the property, which can influence negotiations and the final sale price. It is essential to be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Adthi Nagar?

The current guideline value of Adthi Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained stable at Rs 1,200 per sq.ft from the 2023 revision to the 2024 revision. There are no figures available for the years 2017, 2012, 2007, 2003, and 2002.

What are the other streets in Kannivakkam with their guideline values?

Other streets in Kannivakkam include A R Garden at Rs 1,000 per sq.ft, Balasubramaniyam Nagar at Rs 1,600 per sq.ft, Century Park at Rs 1,642 per sq.ft, Compact Homes Haripriya at Rs 1,493 per sq.ft, Dvr Sarathi Nagar at Rs 1,500 per sq.ft, and Dvr Sarathi Nagar Phase I at Rs 1,500 per sq.ft.

What is the registration fee for property in Adthi Nagar?

The registration fee for property in Adthi Nagar is 2% of the guideline value. For example, on a property valued at Rs 12,00,000, the registration fee would be Rs 24,000.

Which office handles property registrations for Adthi Nagar?

The Thiruporur Sub Registrar Office handles property registrations for Adthi Nagar. It is located at No.29, South Mada Street, Thiruporur-603110, Chengalpattu registration zone.