Guideline Value for Aadhinath Nagar

Aadhinath Nagar guideline value

The current guideline value of Aadhinath Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024. This area is located in Kolathur village under the Sembiam SRO and is classified as Residential Class II Type - I.

How the guideline value of Aadhinath Nagar has changed

The guideline value for Aadhinath Nagar has undergone several revisions over the years. The earliest recorded value in 2003 was Rs 200 per sq.ft, which increased significantly to Rs 700 per sq.ft in 2007, marking a 250% rise. The value remained unchanged at Rs 2,500 per sq.ft from 2012 until 2023, when it was again set at Rs 2,500 per sq.ft.

With the latest revision in 2024, the guideline value increased to Rs 2,700 per sq.ft, reflecting an 8% increase from the previous year. Overall, from 2003 to 2024, the guideline value has increased by 1,250%.

Guideline values in Kolathur

In Kolathur, there are 879 streets under the Sembiam SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 6,000 per sq.ft, with a median value of Rs 3,300 per sq.ft. Aadhinath Nagar's 2024 figure is below this median.

• Aadhi Lakshmi Nagar Extension: Rs 2,700 per sq.ft (2024)
• Aadhi Lakshmi Nagar: Rs 2,700 per sq.ft (2024)
• Abirami Nagar: Rs 2,700 per sq.ft (2024)
• Adi Ammal Thottam: Rs 2,700 per sq.ft (2024)
• Agasthiar Street: Rs 2,700 per sq.ft (2024)
• Agatheeswarar Nagar: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Aadhinath Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,700 per sq.ft, the total guideline value amounts to Rs 27,00,000. The stamp duty at 7% would be Rs 1,89,000, and the registration fee at 2% would be Rs 54,000, bringing the total fees to Rs 2,43,000. 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 details.

Which Sub Registrar Office covers Aadhinath Nagar?

Aadhinath Nagar falls under the jurisdiction of the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011. You can find your SRO for further assistance.

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

The guideline value is an essential factor in the registration process when buying or selling property in Kolathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is used to calculate the fees, ensuring that they are aligned with the current market conditions as reflected in the official register. This helps maintain transparency and consistency in property transactions.

Frequently asked questions

What is the current guideline value of Aadhinath Nagar?

The current guideline value of Aadhinath Nagar is Rs 2,700 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2003, the guideline value has increased from Rs 200 per sq.ft to Rs 2,700 per sq.ft in 2024, marking an overall increase of 1,250%.

What is the land classification of Aadhinath Nagar?

Aadhinath Nagar is classified as Residential Class II Type - I, indicating its suitability for residential development.

What is the registration office for Aadhinath Nagar?

The registration office covering Aadhinath Nagar is the Sembiam Sub Registrar Office, located at 5, Papermills Road, Sembiam, Chennai - 600011.

How is stamp duty calculated for properties in Aadhinath Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 1,89,000.