Guideline Value for Adampakkam 1st Street

Adampakkam 1st Street guideline value

The current guideline value of Adampakkam 1st Street is Rs 3,900 per sq.ft, effective from 1 July 2024. This street is located in Adambakkam village, under the Alandur SRO, and is classified as Residential Class I Type - III.

How the guideline value of Adampakkam 1st Street has changed

The guideline value for Adampakkam 1st Street has undergone several revisions over the years. In 2002, the guideline value was Rs 300 per sq.ft, which increased to Rs 342 per sq.ft in 2003. The value saw a significant rise to Rs 900 per sq.ft in 2007, followed by a sharp increase to Rs 3,500 per sq.ft in 2012. However, it dropped to Rs 2,345 per sq.ft in 2017. The value rose again to Rs 3,500 per sq.ft in 2023, and currently stands at Rs 3,900 per sq.ft as of the 2024 revision. There are no figures available for the years not listed in the register for this street.

From 2017 to 2023, the guideline value increased by 49%. The most recent change from 2023 to 2024 reflects an increase of 11%. The overall change from 2002 to 2024 shows a substantial increase of 1200% in the guideline value.

Guideline values in Adambakkam

In Adambakkam, there are 569 streets under the Alandur SRO with 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, which is the same as the current value for Adampakkam 1st Street.

• Adampakkam 1st Main Street: Rs 3,900 per sq.ft (2024)
• Adambakkam Main Road/Karunikar Street: Rs 5,500 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 Adampakkam 1st Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,900 per sq.ft, the total guideline value would be Rs 39,00,000. The stamp duty at 7% would amount to Rs 2,73,000, and the registration fee at 2% would be Rs 78,000, bringing the total to Rs 3,51,000. 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 Adampakkam 1st Street?

The Sub Registrar Office that covers Adampakkam 1st 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 additional information.

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

The guideline value is a crucial factor when registering property transactions in Adambakkam. It serves as a benchmark for determining the stamp duty and registration fees applicable to the property being sold or purchased.

Frequently asked questions

What is the current guideline value of Adampakkam 1st Street?

The current guideline value of Adampakkam 1st Street is Rs 3,900 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 300 per sq.ft in 2002 to Rs 3,900 per sq.ft in 2024, reflecting an overall increase of 1200% over the years.

What is the registration fee for property transactions in Adampakkam 1st Street?

The registration fee for property transactions is 2% of the guideline value, which is Rs 3,900 per sq.ft for Adampakkam 1st Street.

Where can I find the Sub Registrar Office for Adampakkam?

The Sub Registrar Office for Adampakkam is the Alandur Sub Registrar Office, located at 12 Ist Main Road, Nanganallur Co-operative Society Lt, Nanganallur, Chennai-600061.

How is the stamp duty calculated for properties in Adampakkam?

The stamp duty is calculated at 7% of the higher value between the guideline value and the sale price of the property.