Guideline Value for Adhi Nagar

Adhi Nagar guideline value

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

How the guideline value of Adhi Nagar has changed

Over the years, the guideline value of Adhi Nagar has seen several revisions. The 2007 revision set the value at Rs 600 per sq.ft, which then increased significantly to Rs 1,500 per sq.ft in the 2012 revision. However, the 2017 revision saw a decrease to Rs 1,005 per sq.ft. Following this, the 2023 revision raised the value to Rs 1,500 per sq.ft, and the most recent 2024 revision has increased it further to Rs 1,600 per sq.ft. The register has no figures for the years 2002 and 2003 for this street.

In terms of percentage changes, the guideline value increased by 150% from 2007 to 2012, then decreased by 33% from 2012 to 2017. The value saw a significant increase of 49% from 2017 to 2023, and finally, there was a 7% increase from 2023 to 2024. Overall, from 2007 to 2024, the guideline value has increased by 167%.

Guideline values in Selaiyur

Selaiyur village has a total of 478 streets under the Selaiyur SRO, with the 2024 guideline values ranging from Rs 850 to Rs 6,500 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, indicating that the guideline value of Adhi Nagar is below this median.

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

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, calculated at 7%, would be Rs 1,12,000, while the registration fee at 2% would be Rs 32,000. Together, these fees total 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.

For more details on calculating fees, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Adhi Nagar?

The Sub Registrar Office that covers Adhi Nagar 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 for more information.

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

The guideline value plays a crucial role during the registration process when buying or selling property in Selaiyur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that these costs are based on a standardized value set by the government.

When a property is sold, the guideline value is used to determine the minimum value at which the property can be registered. If the sale price exceeds the guideline value, the stamp duty will be calculated based on the sale price instead.

Frequently asked questions

What is the current guideline value of Adhi Nagar?

The current guideline value of Adhi Nagar 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, marking an overall increase of 167% over the years.

What is the land classification of Adhi Nagar?

Adhi Nagar is classified as Residential Class II Type - II, indicating its suitability for residential development.

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

For a 1,000 sq.ft plot, the total guideline value is Rs 16,00,000, leading to a stamp duty of Rs 1,12,000 and a registration fee of Rs 32,000, totaling Rs 1,44,000.

Which Sub Registrar Office covers Adhi Nagar?

The Selaiyur Sub Registrar Office covers Adhi Nagar, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.