Guideline Value for Adam Nagar 5th Cross Street

Adam Nagar 5th Cross Street guideline value

The current guideline value of Adam Nagar 5th Cross Street is Rs 2,750 per sq.ft, effective from 1 July 2024. This street is located in Pammal village and falls under the Pammal SRO. The land classification for this area is Commercial Class I Type - II.

How the guideline value of Adam Nagar 5th Cross Street has changed

Since the guideline value register was first established, Adam Nagar 5th Cross Street has seen significant changes. The earliest recorded figure in 2002 was Rs 138 per sq.ft. This increased to Rs 156 per sq.ft in 2003, marking a 13% rise. The value then jumped to Rs 570 per sq.ft in 2007, which was a substantial increase of 265%. Following this, the value rose dramatically to Rs 1,675 per sq.ft in 2017, reflecting a 194% increase. The next revision in 2023 saw the value reach Rs 2,500 per sq.ft, a 49% increase from the previous figure. Finally, the current 2024 revision has set the guideline value at Rs 2,750 per sq.ft, which is a 10% increase from 2023.

It should be noted that there is no figure available for the year 2012 in the register for this street.

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 value for these streets is Rs 2,090 per sq.ft, placing Adam Nagar 5th Cross Street above this median value.

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

Stamp duty and registration fee for property in Adam Nagar 5th 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, while the registration fee at 2% would be Rs 55,000. Together, these fees would total 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 use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Adam Nagar 5th Cross Street?

The Sub Registrar Office that covers Adam Nagar 5th 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 when buying or selling property in Pammal. It is used to determine the stamp duty and registration fees that need to be paid during the transaction. This ensures that the government receives the appropriate revenue based on the property's assessed value.

When registering a property, buyers must pay the stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This system helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Adam Nagar 5th Cross Street?

The current guideline value of Adam Nagar 5th 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 land classification for Adam Nagar 5th Cross Street?

The land classification for Adam Nagar 5th Cross Street is Commercial Class I Type - II.

What is the registration office for Adam Nagar 5th Cross Street?

The registration office for Adam Nagar 5th Cross Street is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

How are stamp duty and registration fees calculated for properties in Pammal?

Stamp duty and registration fees are 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 total cost of Rs 2,47,500 in fees.