Guideline Value for Aadhiparasakthi Koil Street

Aadhiparasakthi Koil Street guideline value

The current guideline value of Aadhiparasakthi Koil Street is Rs 440 per sq.ft, effective from 1 July 2024. This street is located in Kaspapuram village and falls under the Tambaram Joint 1 SRO. The land classification for this area is Residential Class II Type - I.

How the guideline value of Aadhiparasakthi Koil Street has changed

The guideline value for Aadhiparasakthi Koil Street has seen several revisions over the years. The 2012 revision set the value at Rs 400 per sq.ft, which remained unchanged in the 2023 revision. However, from 2023 to 2024, the value increased by 10% to Rs 440 per sq.ft. The earlier revision in 2017 had a guideline value of Rs 268 per sq.ft, reflecting a significant increase of 49% by 2023.

In the 2012 revision, the value was Rs 400 per sq.ft, but it decreased by 33% to Rs 268 per sq.ft in 2017. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Kaspapuram

Kaspapuram has a total of 76 streets under the Tambaram Joint 1 SRO that carry a 2024 guideline value ranging from Rs 440 to Rs 4,300 per sq.ft, with a median value of Rs 1,100 per sq.ft. Aadhiparasakthi Koil Street's 2024 figure is below this median.

• Akb The Solitaire: Rs 3,300 per sq.ft (2024)
• Akb The Solitaire Extension: Rs 3,300 per sq.ft (2024)
• Anishma Avenue: Rs 2,220 per sq.ft (2024)
• Anna Street: Rs 440 per sq.ft (2024)
• Balamurugan 1st Street: Rs 550 per sq.ft (2024)
• Balamurugan 2nd Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Aadhiparasakthi Koil Street

For a 1,000 sq.ft plot at the current rate of Rs 440 per sq.ft, the guideline value amounts to Rs 4,40,000. The stamp duty at 7% would be Rs 30,800, and the registration fee at 2% would be Rs 8,800, totaling Rs 39,600. It is important to note that 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 Aadhiparasakthi Koil Street?

The Sub Registrar Office that covers Aadhiparasakthi Koil Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Kaspapuram. It serves as a benchmark for determining the stamp duty and registration fees applicable during the sale or purchase of property.

When you buy or sell property, the guideline value ensures that the transaction is recorded at a fair value as per the local regulations. This helps in maintaining transparency and accountability in property dealings.

Frequently asked questions

What is the current guideline value of Aadhiparasakthi Koil Street?

The current guideline value of Aadhiparasakthi Koil Street is Rs 440 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 400 per sq.ft in 2012 to Rs 268 per sq.ft in 2017, then increased to Rs 400 per sq.ft in 2023, and finally to Rs 440 per sq.ft in 2024.

What is the land classification for Aadhiparasakthi Koil Street?

Aadhiparasakthi Koil Street is classified as Residential Class II Type - I.

Where can I find the registration office for Aadhiparasakthi Koil Street?

The registration office for Aadhiparasakthi Koil Street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059.

How is stamp duty calculated for properties in Kaspapuram?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property with a guideline value of Rs 4,40,000 would incur a stamp duty of Rs 30,800 at a rate of 7%.