Guideline Value for Adambakkam Main Road/Karunikar Street

Adambakkam Main Road/Karunikar Street guideline value

The current guideline value of Adambakkam Main Road/Karunikar Street is Rs 5,500 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village under the Alandur SRO, and it falls under the Commercial Class I Type - I land classification.

How the guideline value of Adambakkam Main Road/Karunikar Street has changed

The guideline value for this street has seen several revisions over the years. In 2002, the guideline value was Rs 319 per sq.ft, which increased to Rs 495 per sq.ft in 2003, marking a substantial increase of 55%. The value continued to rise significantly, reaching Rs 1,800 per sq.ft in 2007, an increase of 264%. However, there was a drop to Rs 5,000 per sq.ft in 2012, which represented a decrease of 33%. The value then rose again to Rs 3,350 per sq.ft in 2017, an increase of 49%. The guideline value further increased to Rs 5,000 per sq.ft in 2023 and finally reached Rs 5,500 per sq.ft in 2024, reflecting a 10% increase.

There are no figures available for the revisions in the years not listed in the register for this street. Overall, from 2002 to 2024, the guideline value has increased by 1,624%.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO that carry a 2024 guideline value ranging from Rs 2,800 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 3,900 per sq.ft, placing the guideline value of Adambakkam Main Road/Karunikar Street above this median.

• Adampakkam 1st Main Street: Rs 3,900 per sq.ft (2024)
• Adampakkam 1st Street: Rs 3,900 per sq.ft (2024)
• Abraham Street: Rs 3,900 per sq.ft (2024)
• Agathiyar Street: Rs 3,900 per sq.ft (2024)
• Alikan Street: Rs 3,900 per sq.ft (2024)
• Amaravathi Street: Rs 3,900 per sq.ft (2024)

Stamp duty and registration fee for property in Adambakkam Main Road/Karunikar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value would be Rs 55,00,000. The stamp duty at 7% would amount to Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total cost for these fees to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Adambakkam Main Road/Karunikar Street?

The Sub Registrar Office that covers Adambakkam Main Road/Karunikar Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Adambakkam. It determines the minimum value at which the property can be registered, ensuring that the transaction is documented at a fair value.

When registering a property, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives its due revenue from property transactions.

Frequently asked questions

What is the current guideline value of Adambakkam Main Road/Karunikar Street?

The current guideline value of Adambakkam Main Road/Karunikar Street is Rs 5,500 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 319 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 1,624% over this period.

What is the registration office for Adambakkam Main Road/Karunikar Street?

The registration office for Adambakkam Main Road/Karunikar Street is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is stamp duty calculated for properties in Adambakkam?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 55,00,000 would incur a stamp duty of Rs 3,85,000.

What is the range of guideline values for other streets in Adambakkam?

The guideline values for other streets in Adambakkam under the Alandur SRO range from Rs 2,800 to Rs 11,000 per sq.ft, with a median value of Rs 3,900 per sq.ft.