Guideline Value for Adajniamman Koil Street

Adajniamman Koil Street guideline value

The current guideline value of Adajniamman Koil Street is Rs 1,760 per sq.ft, effective from 1 July 2024. This street is located in Anakaputhur village, under the Pammal SRO, and is classified as Residential Class II Type - I.

How the guideline value of Adajniamman Koil Street has changed

The guideline value for Adajniamman Koil Street has seen significant changes over the years. In 2003, the guideline value was Rs 256 per sq.ft, which increased to Rs 300 per sq.ft in 2007, marking a 17% rise. By 2017, the value jumped to Rs 1,072 per sq.ft, reflecting a substantial increase of 257%. The 2023 revision set the value at Rs 1,600 per sq.ft, a 49% increase from the previous revision. The current value of Rs 1,760 per sq.ft from the 2024 revision represents a 10% increase from 2023.

It is important to note that there are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 588%.

Guideline values in Anakaputhur

In Anakaputhur, there are 501 streets under the Pammal SRO that carry a 2024 guideline value, ranging from Rs 1,320 to Rs 4,640 per sq.ft. The median value for these streets is Rs 1,980 per sq.ft, positioning Adajniamman Koil Street's 2024 figure below that median.

• Adhivasikal Nagar: Rs 2,350 per sq.ft (2024)
• Adivasi Nagar Main Road: Rs 2,350 per sq.ft (2024)
• Aannal Gandhi Nagar: Rs 2,350 per sq.ft (2024)
• Agatheeswarar Nagar: Rs 1,760 per sq.ft (2024)
• Agatheeswarar Street / MGR Nagar: Rs 1,760 per sq.ft (2024)
• Agatheeswarar Street/ Venkateswara Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Adajniamman Koil Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,760 per sq.ft, the total guideline value would be Rs 17,60,000. The stamp duty, charged at 7%, would amount to Rs 1,23,200, while the registration fee at 2% would be Rs 35,200. Together, the total fees would be Rs 1,58,400. 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 Adajniamman Koil Street?

The Sub Registrar Office that covers Adajniamman Koil Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, 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 Anakaputhur

The guideline value plays a crucial role in the registration process when buying or selling property in Anakaputhur. It is used to determine the stamp duty and registration fees that need to be paid at the time of registration. Buyers should be aware that the guideline value is a key factor in calculating these fees.

When a property is sold, the guideline value is compared to the sale price, and the higher amount is used to calculate the applicable duties. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Adajniamman Koil Street?

The current guideline value of Adajniamman Koil Street is Rs 1,760 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 256 per sq.ft in 2003 to Rs 1,760 per sq.ft in 2024, which is an overall increase of 588%.

What are the stamp duty rates for property in Adajniamman Koil Street?

The stamp duty for property in Adajniamman Koil Street is charged at 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Adajniamman Koil Street?

The Sub Registrar Office for Adajniamman Koil Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the median guideline value for streets in Anakaputhur?

The median guideline value for streets in Anakaputhur is Rs 1,980 per sq.ft, with Adajniamman Koil Street's 2024 value being below this median.