Guideline Value for Adhi Bhagavan Nagar

Adhi Bhagavan Nagar guideline value

The current guideline value of Adhi Bhagavan Nagar is Rs 3,960 per sq.ft, effective from 1 July 2024. This area is located in Porur village under the Kunrathur SRO, with a land classification of Residential Special Type - I.

How the guideline value of Adhi Bhagavan Nagar has changed

The guideline value for Adhi Bhagavan Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 3,600 per sq.ft, which was followed by a decrease to Rs 2,412 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase of 49%, raising the value to Rs 3,600 per sq.ft. The most recent revision in 2024 has further increased the guideline value to Rs 3,960 per sq.ft, marking a 10% rise from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 10%.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 2,860 to Rs 6,380 per sq.ft. The median value for these streets is Rs 3,960 per sq.ft, which is equal to the current guideline value of Adhi Bhagavan Nagar.

• Alapakkam Cross Street: Rs 3,520 per sq.ft (2024)
• Ambal Nagar: Rs 3,960 per sq.ft (2024)
• Ambal Nagar Annex - Roja Street: Rs 4,290 per sq.ft (2024)
• Ambal Nagar Kumudham Street: Rs 3,960 per sq.ft (2024)
• Ambal Nagar Kurinchi Street: Rs 3,960 per sq.ft (2024)
• Ambal nagar main Road: Rs 3,960 per sq.ft (2024)

Stamp duty and registration fee for property in Adhi Bhagavan Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 3,960 per sq.ft, the total guideline value would be Rs 39,60,000. The stamp duty at 7% would amount to Rs 2,77,200, and the registration fee at 2% would be Rs 79,200. Together, the total cost for these fees would be Rs 3,56,400. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Adhi Bhagavan Nagar?

The Sub Registrar Office that covers Adhi Bhagavan Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. For more information, you can find your SRO.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Porur. It serves as a benchmark for determining the minimum value of the property, ensuring that transactions are conducted at a fair price.

When registering a property, buyers 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 the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Adhi Bhagavan Nagar?

The current guideline value of Adhi Bhagavan Nagar is Rs 3,960 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,600 per sq.ft in 2012 to Rs 2,412 per sq.ft in 2017, then to Rs 3,600 per sq.ft in 2023, and finally to Rs 3,960 per sq.ft in 2024.

What are the stamp duty and registration fees for property in Adhi Bhagavan Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 39,60,000. The stamp duty at 7% would be Rs 2,77,200, and the registration fee at 2% would be Rs 79,200, totaling Rs 3,56,400.

Which Sub Registrar Office is responsible for Adhi Bhagavan Nagar?

The Kunrathur Sub Registrar Office is responsible for Adhi Bhagavan Nagar, located at No.59, Road Street, Kundrathur, Chennai -600 069.

What is the land classification of Adhi Bhagavan Nagar?

Adhi Bhagavan Nagar has a land classification of Residential Special Type - I.