Guideline Value for Adhi Nalleeswarar Nagar

Adhi Nalleeswarar Nagar guideline value

The current guideline value of Adhi Nalleeswarar Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024. This area is located in Venkatapuram village, under the Kunrathur SRO, and is classified as Residential Special Type - I.

How the guideline value of Adhi Nalleeswarar Nagar has changed

The guideline value for Adhi Nalleeswarar Nagar has undergone several revisions over the years. The earliest available figure is from 2012, where the guideline value was Rs 1,100 per sq.ft. This was followed by a decrease to Rs 737 per sq.ft in 2017. In 2023, the value increased to Rs 1,100 per sq.ft, and the most recent revision in 2024 has set the value at Rs 1,200 per sq.ft.

From 2012 to 2017, there was a decrease of 33%. However, from 2017 to 2023, the guideline value rose significantly by 49%. The change from 2023 to 2024 reflects a 9% increase. Overall, from 2012 to 2024, the guideline value has increased by 9%.

Guideline values in Venkatapuram

In Venkatapuram, there are 68 streets under the Kunrathur SRO that carry a 2024 guideline value, ranging from Rs 1,100 to Rs 1,200 per sq.ft. The median value for these streets is Rs 1,200 per sq.ft, which is the same as the current guideline value for Adhi Nalleeswarar Nagar. Below are the guideline values for other streets in Venkatapuram:

• Adhi Nalleeswarar Street: Rs 1,200 per sq.ft (2024)
• Akrakara Street: Rs 1,200 per sq.ft (2024)
• Akrakara Street 1st Street (Left): Rs 1,200 per sq.ft (2024)
• Akrakara Street 2nd Street (Left): Rs 1,200 per sq.ft (2024)
• Akrakara Street Main Road: Rs 1,200 per sq.ft (2024)
• Deivasikamani Nagar 1st Cross Street: Rs 1,200 per sq.ft (2024)

Stamp duty and registration fee for property in Adhi Nalleeswarar Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, leading to a total cost of Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Adhi Nalleeswarar Nagar?

The Sub Registrar Office that covers Adhi Nalleeswarar Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Venkatapuram. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring transparency in the sale process.

When buying or selling property, the guideline value helps in calculating the applicable stamp duty and registration fees. Buyers should be aware that these fees are based on the guideline value or the sale price, whichever is higher, to ensure compliance with local regulations.

Frequently asked questions

What is the current guideline value of Adhi Nalleeswarar Nagar?

The current guideline value of Adhi Nalleeswarar Nagar is Rs 1,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then increased to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,200 per sq.ft in 2024.

What is the land classification of Adhi Nalleeswarar Nagar?

Adhi Nalleeswarar Nagar is classified as Residential Special Type - I.

Where can I find the Sub Registrar Office for Adhi Nalleeswarar Nagar?

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

How is the stamp duty calculated for properties in Adhi Nalleeswarar Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 12,00,000, the stamp duty would be Rs 84,000 at 7%.