Guideline Value for Adhi Nagar Rajaji Cross Street

Adhi Nagar Rajaji Cross Street guideline value

The current guideline value of Adhi Nagar Rajaji Cross 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 Rajaji Cross Street has changed

Over the years, the guideline value for Adhi Nagar Rajaji Cross Street has seen several revisions. The earliest recorded figure is from 2012, which was Rs 1,500 per sq.ft. This was followed by a decrease to Rs 1,005 per sq.ft in 2017. The next revision in 2023 saw an increase to Rs 1,500 per sq.ft, which was then raised to Rs 1,600 per sq.ft in 2024.

From 2012 to 2017, there was a notable decrease of 33%. However, from 2017 to 2023, the value increased significantly by 49%. The latest change from 2023 to 2024 represents a 7% increase. The overall change from 2012 to 2024 shows a modest increase of 7%.

Guideline values in Selaiyur

Selaiyur village has a total of 478 streets under the Selaiyur SRO, with guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median guideline value in the village is Rs 2,200 per sq.ft, which means that the guideline value of Adhi Nagar Rajaji Cross Street is below this median.

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

For a 1,000 sq.ft plot at the current guideline value of Rs 1,600 per sq.ft, the total 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 amount for stamp duty and registration fees to Rs 1,44,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more accurate calculations.

Which Sub Registrar Office covers Adhi Nagar Rajaji Cross Street?

The Sub Registrar Office that covers Adhi Nagar Rajaji Cross 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, in the Chengalpattu registration zone. You can find your SRO here.

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

The guideline value is a crucial factor when buying or selling property in Selaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered. When a property is sold, the buyer must pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher.

This ensures that transactions are conducted transparently and fairly. Buyers should be aware of the guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Adhi Nagar Rajaji Cross Street?

The current guideline value of Adhi Nagar Rajaji Cross 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 1,500 per sq.ft in 2012 to Rs 1,005 per sq.ft in 2017, then back to Rs 1,500 per sq.ft in 2023, and finally to Rs 1,600 per sq.ft in 2024.

What is the median guideline value in Selaiyur?

The median guideline value in Selaiyur is Rs 2,200 per sq.ft, indicating that the guideline value of Adhi Nagar Rajaji Cross Street is below this median.

What are the stamp duty and registration fees for properties in this area?

For a property valued at 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, totaling Rs 1,44,000.

Where is the Selaiyur Sub Registrar Office located?

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