Guideline Value for Adhi Sankara Nagar

Adhi Sankara Nagar guideline value

The current guideline value of Adhi Sankara Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Nemili village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Adhi Sankara Nagar has changed

The guideline value for Adhi Sankara Nagar has seen several revisions over the years. The 2012 revision set the value at Rs 300 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 201 per sq.ft. However, from 2017 to 2023, there was a significant increase of 49%, bringing the value back up to Rs 300 per sq.ft. The 2024 revision maintained this value, showing no change from the previous year.

It is important to note that there are no figures available for the years 2002, 2003, and 2007 for this street. Overall, the guideline value from 2012 to 2024 has remained stable at Rs 300 per sq.ft, indicating no overall change during this period.

Guideline values in Nemili

Nemili village has a total of 66 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 150 to Rs 1,000 per sq.ft. The median value across these streets is Rs 250 per sq.ft, making the 2024 figure for Adhi Sankara Nagar above that median.

• Adhiparasakthi Nagar: Rs 300 per sq.ft (2024)
• Alamelu puram: Rs 250 per sq.ft (2024)
• Ambedhkar Street: Rs 150 per sq.ft (2024)
• Asina nagar: Rs 210 per sq.ft (2024)
• Bajanai Koil Cross Street: Rs 210 per sq.ft (2024)
• Bajanai Koil Street: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Adhi Sankara Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 300 per sq.ft, the total guideline value would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total cost for these fees to Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value and the sale price.

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

Which Sub Registrar Office covers Adhi Sankara Nagar?

The Sub Registrar Office that covers Adhi Sankara Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property in Nemili. It serves as a benchmark for determining the stamp duty and registration fees that must be paid during the transaction. Buyers and sellers should be aware that the guideline value is used to calculate these fees, ensuring that they are compliant with local regulations.

When a property is sold, the guideline value will be compared to the sale price. The higher of the two values will be used to calculate the applicable duties and fees, ensuring that the registration process is transparent and fair.

Frequently asked questions

What is the current guideline value of Adhi Sankara Nagar?

The current guideline value of Adhi Sankara Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 300 per sq.ft since 2012, with a decrease to Rs 201 per sq.ft in 2017, followed by an increase back to Rs 300 per sq.ft in 2023. The 2024 revision also maintains this value.

What are the guideline values of other streets in Nemili?

Other streets in Nemili have varying guideline values, with rates ranging from Rs 150 to Rs 1,000 per sq.ft. The median value is Rs 250 per sq.ft, while Adhi Sankara Nagar is valued above this median.

What is the registration fee for property in Adhi Sankara Nagar?

The registration fee for property in Adhi Sankara Nagar is calculated based on the guideline value. For example, for a property valued at Rs 3,00,000, the registration fee would be Rs 6,000 at 2%.

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

The Sub Registrar Office covering Adhi Sankara Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles all registrations for properties in the area.