Guideline Value for AMERICAN ADVENT MISSION NAGAR MAIN ROAD

American Advent Mission Nagar Main Road guideline value

The current guideline value of American Advent Mission Nagar Main Road is Rs 2,725 per sq.ft, effective from 1 July 2024. This road is located in Perumbakkam village, under the Selaiyur SRO, and is classified as Residential Special Type - I.

How the guideline value of American Advent Mission Nagar Main Road has changed

The guideline value for American Advent Mission Nagar Main Road has undergone several revisions over the years. In 2012, the value was set at Rs 2,500 per sq.ft, which was then reduced to Rs 1,675 per sq.ft in 2017. Following this, the value increased significantly to Rs 2,500 per sq.ft in 2023, and finally rose to Rs 2,725 per sq.ft in 2024, marking a 9% increase from the previous year.

From 2017 to 2023, there was a substantial increase of 49%. The overall change from 2012 to 2024 reflects a modest increase of 9%. It is important to note that there are no figures available for the revisions in 2002, 2003, and 2007 for this street.

Guideline values in Perumbakkam

In Perumbakkam, there are 225 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 4,800 per sq.ft. The median guideline value is Rs 2,725 per sq.ft, which is the same as the current value for American Advent Mission Nagar Main Road.

• American Advent Mission Housing Colony: Rs 2,725 per sq.ft (2024)
• Anandammal Nagar: Rs 2,725 per sq.ft (2024)
• aLADIAMMAN KOIL STREET: Rs 2,725 per sq.ft (2024)
• Aks Radiance Phase-II: Rs 3,300 per sq.ft (2024)
• Akiravini Street: Rs 850 per sq.ft (2024)
• A.D.P Avenue: Rs 2,725 per sq.ft (2024)

Stamp duty and registration fee for property in American Advent Mission Nagar Main Road

For a 1,000 sq.ft plot at the current guideline value of Rs 2,725 per sq.ft, the total guideline value would be Rs 27,25,000. The stamp duty at 7% would amount to Rs 1,90,750, and the registration fee at 2% would be Rs 54,500, bringing the total cost for these fees to Rs 2,45,250. 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 American Advent Mission Nagar Main Road?

The American Advent Mission Nagar Main Road falls under 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 information.

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

The guideline value is a crucial factor when buying or selling property in Perumbakkam, as it determines the minimum value at which a property can be registered. This value is used by the registration department to calculate stamp duty and registration fees, which are mandatory for any property transaction.

When a property is sold, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in the real estate market. Buyers and sellers should be aware of the current guideline value to ensure they are making informed decisions during the registration process.

Frequently asked questions

What is the current guideline value of American Advent Mission Nagar Main Road?

The current guideline value of American Advent Mission Nagar Main Road is Rs 2,725 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,500 per sq.ft in 2012 to Rs 1,675 per sq.ft in 2017, then increased to Rs 2,500 per sq.ft in 2023, and finally to Rs 2,725 per sq.ft in 2024.

What are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 27,25,000, the stamp duty would be Rs 1,90,750 and the registration fee would be Rs 54,500, totaling Rs 2,45,250.

Which Sub Registrar Office covers this area?

The Selaiyur Sub Registrar Office covers American Advent Mission Nagar Main Road, located at No.36, Bharathmatha Salai, Ruby Mansion, East Tambaram, Chennai - 600 073.

What is the land classification for American Advent Mission Nagar Main Road?

American Advent Mission Nagar Main Road is classified as Residential Special Type - I, indicating its suitability for residential development.