Guideline Value for Adam Shahib Lane

Adam Shahib Lane guideline value

The current guideline value of Adam Shahib Lane is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO and is classified as Residential Class II Type - I.

How the guideline value of Adam Shahib Lane has changed

The guideline value for Adam Shahib Lane has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in 2012. However, this figure dropped to Rs 804 per sq.ft in 2017. The guideline value then rose significantly to Rs 1,200 per sq.ft in 2023, before reaching the current value of Rs 1,300 per sq.ft in 2024, marking an 8% increase from the previous year.

Overall, from 2007 to 2024, the guideline value has increased by 117%. Notably, there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Tondaiarpet

In Tondaiarpet, there are 1,384 streets under the Royapuram SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median guideline value for these streets is Rs 1,600 per sq.ft, placing Adam Shahib Lane's 2024 figure below this median.

• Adi Dravidar Street: Rs 1,300 per sq.ft (2024)
• Adi Parashakthi Street (Moopanar Nagar): Rs 1,300 per sq.ft (2024)
• Altis Ville L.L.p: Rs 6,000 per sq.ft (2024)
• Amaravathy kuppam: Rs 1,300 per sq.ft (2024)
• Amaravathypuram (North): Rs 1,300 per sq.ft (2024)
• Anandanayagi Nagar 1st Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Adam Shahib Lane

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. 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 Adam Shahib Lane?

The Sub Registrar Office that covers Adam Shahib Lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is an essential factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property, the guideline value is used to calculate the applicable stamp duty and registration fees, ensuring that these charges are based on a standardized valuation.

It is crucial for buyers and sellers to be aware of the guideline value, as it can influence the overall cost of the transaction. Proper understanding of the guideline value helps in making informed decisions during property dealings in Tondaiarpet.

Frequently asked questions

What is the current guideline value of Adam Shahib Lane?

The current guideline value of Adam Shahib Lane is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, marking an overall increase of 117% over the years.

What is the land classification for Adam Shahib Lane?

Adam Shahib Lane is classified as Residential Class II Type - I, indicating its suitability for residential development.

Where can I find the Sub Registrar Office for Adam Shahib Lane?

The Sub Registrar Office for Adam Shahib Lane is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is the stamp duty calculated for properties in Adam Shahib Lane?

Stamp duty for properties in Adam Shahib Lane is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot would incur a stamp duty of Rs 91,000 based on the current guideline value.