Guideline Value for Adhi Nalleeswarar Street

Adhi Nalleeswarar Street guideline value

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

How the guideline value of Adhi Nalleeswarar Street has changed

The guideline value for Adhi Nalleeswarar Street has seen several revisions over the years. In the 2012 revision, the guideline value was set at Rs 1,100 per sq.ft. This was followed by a decrease to Rs 737 per sq.ft in the 2017 revision, marking a decline of 33%. The value then increased significantly to Rs 1,100 per sq.ft in the 2023 revision, and finally rose to Rs 1,200 per sq.ft in the 2024 revision, reflecting a 9% increase from the previous year.

There are no figures available for the revisions in 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 9%, demonstrating fluctuations in the value over the years.

Guideline values in Venkatapuram

In Venkatapuram, there are 68 streets under the Kunrathur SRO that have a guideline value for 2024 ranging from Rs 1,100 to Rs 1,200 per sq.ft, with a median value of Rs 1,200 per sq.ft. Adhi Nalleeswarar Street's guideline value for 2024 is equal to this median.

• Adhi Nalleeswarar Nagar: 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 Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,200 per sq.ft, the total guideline value would be Rs 12,00,000. The stamp duty at 7% would amount to Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total fees to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Adhi Nalleeswarar Street?

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

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

The guideline value plays a crucial role during the registration of property transactions in Venkatapuram. It is used to determine the stamp duty and registration fees that need to be paid when buying or selling property in the area.

When a property is registered, the guideline value is considered to ensure that the appropriate fees are collected based on the current valuation of the property. This helps maintain transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Adhi Nalleeswarar Street?

The current guideline value of Adhi Nalleeswarar Street 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 back 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 for Adhi Nalleeswarar Street?

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

Where can I find the Sub Registrar Office for this street?

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

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are 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 and the registration fee would be Rs 24,000.