Guideline Value for Aadam Sahib Street

Aadam Sahib Street guideline value

The current guideline value of Aadam Sahib Street in Kadaperi village is Rs 1,100 per sq.ft, effective from 1 July 2024. This street falls under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - I.

How the guideline value of Aadam Sahib Street has changed

The guideline value for Aadam Sahib Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 300 per sq.ft. This increased significantly to Rs 1,000 per sq.ft in the 2012 revision, marking a remarkable rise of 233%. However, in the 2017 revision, the value decreased to Rs 670 per sq.ft, reflecting a decline of 33%. The 2023 revision saw another increase, bringing the value to Rs 1,000 per sq.ft, and the latest revision in 2024 raised it to Rs 1,100 per sq.ft, a 10% increase from the previous year.

It is important to note that the register has no figures for Aadam Sahib Street in the years 2002 and 2003. Overall, from the 2017 revision to the 2023 revision, there was a substantial increase of 49% in the guideline value.

Guideline values in Kadaperi

In Kadaperi, there are 142 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value, ranging from Rs 880 to Rs 7,700 per sq.ft. The median value for these streets is Rs 1,650 per sq.ft, indicating that Aadam Sahib Street's 2024 figure is below this median.

• Aamarar Jeeva Street: Rs 1,650 per sq.ft (2024)
• Amar Nagar: Rs 2,200 per sq.ft (2024)
• Amman Koil Street: Rs 1,100 per sq.ft (2024)
• Anna Street: Rs 1,100 per sq.ft (2024)
• Arpudham Nagar: Rs 1,650 per sq.ft (2024)
• Arputha Nagar Street: Rs 880 per sq.ft (2024)

Stamp duty and registration fee for property in Aadam Sahib Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, making the total cost for these fees Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Aadam Sahib Street?

Aadam Sahib Street is covered by the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. To find your SRO, you can visit find your SRO.

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

The guideline value is a crucial factor when registering property transactions in Kadaperi. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for assessing the value of the property. This helps in maintaining transparency in property transactions and prevents undervaluation of properties.

Frequently asked questions

What is the current guideline value of Aadam Sahib Street?

The current guideline value of Aadam Sahib Street is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, with various increases and decreases across revisions.

What is the land classification for Aadam Sahib Street?

Aadam Sahib Street is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for properties here?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000.

Where can I find the Sub Registrar Office for Aadam Sahib Street?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059. You can find your SRO through the provided link.