Guideline Value for Adhanur Road

Adhanur Road guideline value

The current guideline value of Adhanur Road, located in Varadarajapuram village under the Padappai SRO, is Rs 1,650 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Special Type - II.

How the guideline value of Adhanur Road has changed

The guideline value for Adhanur Road has seen several revisions over the years. The 2012 revision set the value at Rs 1,500 per sq.ft, which remained unchanged in the subsequent 2017 revision, where it dropped to Rs 1,005 per sq.ft. The 2023 revision increased the value to Rs 1,500 per sq.ft, and the latest 2024 revision has raised it to Rs 1,650 per sq.ft, marking a 10% increase from the previous year.

From 2012 to 2017, the value decreased by 33%, but from 2017 to 2023, it rose significantly by 49%. Overall, from 2012 to 2024, the guideline value has increased by 10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Varadarajapuram

In Varadarajapuram, there are 250 streets under the Padappai SRO, with values ranging from Rs 880 to Rs 4,100 per sq.ft. The median guideline value is Rs 1,650 per sq.ft, which is equal to the current value of Adhanur Road.

• Abi's Monarch Phase -II: Rs 2,090 per sq.ft (2024)
• Abi's Monarch: Rs 2,800 per sq.ft (2024)
• Abi's Kuberan Nagar: Rs 2,420 per sq.ft (2024)
• ABIRAAMI AVENUE - PART - 1 To 3: Rs 1,650 per sq.ft (2024)
• Aaditra Gardens: Rs 3,370 per sq.ft (2024)
• Albin nagar: Rs 1,320 per sq.ft (2024)

Stamp duty and registration fee for property in Adhanur Road

For a 1,000 sq.ft plot at the current rate, the guideline value is Rs 16,50,000. The stamp duty at 7% amounts to Rs 1,15,500, and the registration fee at 2% is Rs 33,000, totaling Rs 1,48,500. 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 detailed calculations.

Which Sub Registrar Office covers Adhanur Road?

The Sub Registrar Office that covers Adhanur Road is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Varadarajapuram, as it determines the minimum value at which properties can be registered. When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, ensuring that both parties adhere to the legal requirements.

At the time of registration, the buyer must pay stamp duty based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions, reflecting the value of the property in the area.

Frequently asked questions

What is the current guideline value of Adhanur Road?

The current guideline value of Adhanur Road is Rs 1,650 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2012 to Rs 1,650 per sq.ft in 2024, with various increases and decreases in between. The most significant increase was from 2017 to 2023, where it rose by 49%.

What is the land classification for Adhanur Road?

The land classification for Adhanur Road is Residential Special Type - II, indicating its intended use for residential purposes.

What are the stamp duty rates for property transactions?

The stamp duty rate is 7% of the guideline value or sale price, whichever is higher. This is applicable at the time of registration of the property.

Where can I find the Sub Registrar Office for Adhanur Road?

The Sub Registrar Office for Adhanur Road is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.