Guideline Value for Adam Salai (Swami Sivanandha Salai)

Adam Salai (Swami Sivanandha Salai) guideline value

The current guideline value of Adam Salai (Swami Sivanandha Salai) is Rs 13,200 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village under the Triplicane SRO, and the land classification is Commercial Class I Type - I.

How the guideline value of Adam Salai (Swami Sivanandha Salai) has changed

The guideline value for Adam Salai has seen several revisions over the years. In 2007, the value was Rs 2,760 per sq.ft, which increased significantly to Rs 12,000 per sq.ft in 2012, marking a rise of 335%. However, the value dropped to Rs 8,040 per sq.ft in 2017, a decrease of 33%. The next revision in 2023 brought the value back up to Rs 12,000 per sq.ft, and the most recent revision for 2024 set the value at Rs 13,200 per sq.ft, reflecting a 10% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 378%. The register has no figures for the years 2002 and 2003 regarding this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO with a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value for these streets is Rs 6,600 per sq.ft, placing Adam Salai's 2024 figure above this median.

• Adhikesavan Street: Rs 7,700 per sq.ft (2024)
• Adhipattan Street: Rs 16,400 per sq.ft (2024)
• Abdul Kareem Street: Rs 6,600 per sq.ft (2024)
• Abdul Kareem Lane: Rs 6,600 per sq.ft (2024)
• Abdul Kareem Cross Street: Rs 6,600 per sq.ft (2024)
• Abdul Kader Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Adam Salai (Swami Sivanandha Salai)

For a 1,000 sq.ft plot at the current guideline value, the total value would be Rs 1,32,00,000. The stamp duty at 7% would amount to Rs 9,24,000, while the registration fee at 2% would be Rs 2,64,000, bringing the total fees to Rs 11,88,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Adam Salai (Swami Sivanandha Salai)?

The Sub Registrar Office that covers Adam Salai is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more details.

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

When buying or selling property in Triplicane, the guideline value is a crucial factor that determines the stamp duty and registration fees. The guideline value serves as a benchmark for property transactions, ensuring that the fees are calculated based on a standardized valuation.

It is essential for buyers and sellers to be aware of the current guideline value, as it impacts the overall cost of the transaction. Proper understanding of the guideline value can help in making informed decisions during property dealings.

Frequently asked questions

What is the current guideline value of Adam Salai?

The current guideline value of Adam Salai (Swami Sivanandha Salai) is Rs 13,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 2,760 per sq.ft in 2007 to Rs 13,200 per sq.ft in 2024, reflecting an overall increase of 378% over this period.

What is the land classification of Adam Salai?

Adam Salai (Swami Sivanandha Salai) is classified as Commercial Class I Type - I.

What are the stamp duty and registration fees for property in Adam Salai?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For a 1,000 sq.ft plot, the total fees would amount to Rs 11,88,000.

Which Sub Registrar Office covers Adam Salai?

The Sub Registrar Office for Adam Salai is located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.