Guideline Value for Adhars Homes

Adhars Homes guideline value

The current guideline value for Adhars Homes in Palnalloor village, under the Sunguvarchattram SRO, is Rs 200 per sq.ft, effective from 1 July 2024. The land classification for this area is Residential Class II Type - I.

How the guideline value of Adhars Homes has changed

Over the years, the guideline value for Adhars Homes has seen several revisions. The earliest recorded figure is from 2012, which was Rs 200 per sq.ft. This remained unchanged in the subsequent revision of 2017, where it was recorded at Rs 134 per sq.ft, marking a decrease of 33%. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back to Rs 200 per sq.ft. The 2024 revision has maintained this figure, showing no change from the previous year.

It is important to note that there are no recorded figures for the years 2002, 2003, and 2007 in the register for this street. Thus, the guideline value has remained consistent from 2012 to 2024, with an overall change of 0% during this period.

Guideline values in Palnalloor

In Palnalloor, there are 34 streets under the Sunguvarchattram SRO that carry a 2024 guideline value ranging from Rs 175 to Rs 471 per sq.ft, with the median value being Rs 200 per sq.ft. The guideline value for Adhars Homes is equal to this median.

• Annai Therasa Nagar: Rs 175 per sq.ft (2024)
• Anumanth Nagar: Rs 200 per sq.ft (2024)
• Bajanai Kovil Street: Rs 175 per sq.ft (2024)
• Balaji Nagar Part - I: Rs 200 per sq.ft (2024)
• BalaVinayagar Street: Rs 175 per sq.ft (2024)
• Bharathi Nagar: Rs 200 per sq.ft (2024)

Stamp duty and registration fee for property in Adhars Homes

For a 1,000 sq.ft plot at the current guideline value of Rs 200 per sq.ft, the total guideline value amounts to Rs 2,00,000. The stamp duty at 7% would be Rs 14,000, and the registration fee at 2% would be Rs 4,000, bringing the total fees together to Rs 18,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Adhars Homes?

The Sub Registrar Office that covers Adhars Homes is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Palnalloor. It serves as a benchmark for determining the minimum value at which a property can be registered. This ensures that the government receives appropriate revenue from property transactions.

When a property is sold, the buyer and seller must consider the guideline value to calculate applicable fees such as stamp duty and registration charges. These fees are based on the guideline value or the sale price, whichever is higher, ensuring that transactions are conducted transparently and fairly.

Frequently asked questions

What is the current guideline value for Adhars Homes?

The current guideline value for Adhars Homes is Rs 200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Adhars Homes has seen fluctuations, with the most recent revisions showing a value of Rs 200 per sq.ft from 2012 to 2024, with a notable increase of 49% from 2017 to 2023.

What are the other streets in Palnalloor with their guideline values?

Other streets in Palnalloor include Annai Therasa Nagar at Rs 175 per sq.ft, Anumanth Nagar and Balaji Nagar Part - I at Rs 200 per sq.ft, and Bajanai Kovil Street, BalaVinayagar Street at Rs 175 per sq.ft, and Bharathi Nagar at Rs 200 per sq.ft.

How is the stamp duty calculated for properties in Adhars Homes?

Stamp duty for properties in Adhars Homes is calculated at 7% of the guideline value. For example, for a property valued at Rs 2,00,000, the stamp duty would be Rs 14,000.

Where can I find the Sub Registrar Office for Adhars Homes?

The Sub Registrar Office for Adhars Homes is the Sunguvarchattram Sub Registrar Office, located at Vadivamal Nagar Kandigai Road Caparo Company Opp, Sunguvarchatram, Chengalpattu registration zone.