Guideline Value for Adam Nagar ,2nd Cross Street

Adam Nagar ,2nd Cross Street guideline value

The current guideline value of Adam Nagar ,2nd Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village, under the Pammal SRO, and is classified as Commercial Class I Type - II.

How the guideline value of Adam Nagar ,2nd Cross Street has changed

Since the early 2000s, the guideline value of Adam Nagar ,2nd Cross Street has seen significant changes. In 2002, the guideline value was Rs 138 per sq.ft. This increased to Rs 156 per sq.ft in 2003, marking a 13% rise. The value then experienced a substantial increase of 265% to reach Rs 570 per sq.ft in 2007. Following that, the guideline value rose dramatically by 194% to Rs 1,675 per sq.ft in 2017. The next revision in 2023 saw a further increase of 49%, bringing the value to Rs 2,500 per sq.ft.

The most recent revision in 2024 has set the guideline value at Rs 2,750 per sq.ft, reflecting a 10% increase from the previous year. Notably, there is no figure available for the year 2012 for this street in the register.

Guideline values in Pammal

In Pammal, there are 926 streets under the Pammal SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 3,300 per sq.ft. The median guideline value in this area is Rs 2,090 per sq.ft, positioning Adam Nagar ,2nd Cross Street above this median.

• Adam Nagar 1st Street: Rs 2,750 per sq.ft (2024)
• Adam Nagar 1st Cross Street: Rs 2,750 per sq.ft (2024)
• Adam Nagar 2nd Street: Rs 2,750 per sq.ft (2024)
• Adam Nagar 3rd Street: Rs 2,750 per sq.ft (2024)
• Adam Nagar 4th Street: Rs 2,750 per sq.ft (2024)
• Adam Nagar 5th Cross Street: Rs 2,750 per sq.ft (2024)

Stamp duty and registration fee for property in Adam Nagar ,2nd Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,750 per sq.ft, the total guideline value would be Rs 27,50,000. The stamp duty at 7% would amount to Rs 1,92,500, and the registration fee at 2% would be Rs 55,000, making the total cost for these fees Rs 2,47,500. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Adam Nagar ,2nd Cross Street?

The Sub Registrar Office that covers Adam Nagar ,2nd Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Pammal. It serves as a reference point for determining the stamp duty and registration fees that need to be paid during the transaction.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two values is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Adam Nagar ,2nd Cross Street?

The current guideline value of Adam Nagar ,2nd Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased significantly from Rs 138 per sq.ft in 2002 to Rs 2,750 per sq.ft in 2024, reflecting an overall increase of 1893% over this period.

What is the registration office for Adam Nagar ,2nd Cross Street?

The Pammal Sub Registrar Office covers Adam Nagar ,2nd Cross Street, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How is stamp duty calculated for property in Adam Nagar ,2nd Cross Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property valued at Rs 27,50,000, the stamp duty at 7% would be Rs 1,92,500.

What are the other streets in Pammal with the same guideline value?

Other streets in Pammal that share the same guideline value of Rs 2,750 per sq.ft include Adam Nagar 1st Street, Adam Nagar 1st Cross Street, Adam Nagar 2nd Street, Adam Nagar 3rd Street, Adam Nagar 4th Street, and Adam Nagar 5th Cross Street.