Guideline Value for Adhi Nagar Kattapomman Street

Adhi Nagar Kattapomman Street guideline value

The current guideline value of Adhi Nagar Kattapomman Street is Rs 1,600 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, and is classified as Residential Class II Type - II.

How the guideline value of Adhi Nagar Kattapomman Street has changed

Over the years, the guideline value for Adhi Nagar Kattapomman Street has seen several revisions. In 2007, the guideline value was Rs 600 per sq.ft, which increased to Rs 1,500 per sq.ft in 2012. However, there was a decrease to Rs 1,005 per sq.ft in 2017. The value then rose significantly to Rs 1,500 per sq.ft in 2023, and as of the 2024 revision, it stands at Rs 1,600 per sq.ft. The changes between these revisions include a 150% increase from 2007 to 2012, a 33% decrease from 2012 to 2017, a 49% increase from 2017 to 2023, and a 7% increase from 2023 to 2024. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Selaiyur

In Selaiyur village, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value, ranging from Rs 850 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, which means the guideline value of Adhi Nagar Kattapomman Street is below that median.

• Adhi Nagar: Rs 1,600 per sq.ft (2024)
• Adhi Nagar Rajaji Cross Street: Rs 1,600 per sq.ft (2024)
• Adhilakshmi Street: Rs 1,100 per sq.ft (2024)
• Adhi Nagar Veerabadran Street: Rs 1,600 per sq.ft (2024)
• Adhilakshmi Cross Street: Rs 1,100 per sq.ft (2024)
• Abirami Street: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Adhi Nagar Kattapomman Street

For a 1,000 sq.ft plot at the current rate of Rs 1,600 per sq.ft, the guideline value amounts to Rs 16,00,000. The stamp duty at 7% would be Rs 1,12,000, and the registration fee at 2% would be Rs 32,000, bringing the total to Rs 1,44,000. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Adhi Nagar Kattapomman Street?

The Sub Registrar Office that covers Adhi Nagar Kattapomman Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, within the Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value plays a crucial role in property transactions in Selaiyur. It is used to determine the stamp duty and registration fees applicable when buying or selling property. The guideline value ensures that the government receives the appropriate revenue from property transactions.

When you register a property, the guideline value is compared to the sale price. The higher of the two values is used to calculate the stamp duty and registration fees, ensuring that the transaction is assessed fairly based on the current market conditions.

Frequently asked questions

What is the current guideline value of Adhi Nagar Kattapomman Street?

The current guideline value of Adhi Nagar Kattapomman Street is Rs 1,600 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,600 per sq.ft in 2024, reflecting an overall increase of 167% over this period.

What is the land classification for Adhi Nagar Kattapomman Street?

Adhi Nagar Kattapomman Street is classified as Residential Class II Type - II.

Where can I find the Selaiyur Sub Registrar Office?

The Selaiyur Sub Registrar Office is located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the higher of the guideline value or the sale price. For example, for a property with a guideline value of Rs 16,00,000, the total fees would be Rs 1,44,000.