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_B 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. In the 2017 revision, the guideline value was Rs 201 per sq.ft. This figure remained unchanged at Rs 300 per sq.ft in the 2023 revision and continues to be the same in the 2024 revision, showing a 49% increase from 2017 to 2023 and an overall increase of 49% from 2017 to 2024. The register has no figure for this street in the years 2002, 2003, 2007, and 2012.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 300 per sq.ft. The consistent value over the last two revisions indicates stability in the guideline value for this street.

Guideline values in Nemili_B

In Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. The guideline value for Adhi Sankara Nagar is above this 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)
• Ambrose Garden: Rs 150 per sq.ft (2024)
• Arul Nagar: Rs 250 per sq.ft (2024)
• Asina nagar: Rs 200 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 amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

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 further assistance.

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

The guideline value is a crucial factor during the registration of property transactions in Nemili_B. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid when buying or selling property in this area.

When a property is registered, the guideline value is compared with the sale price, and the higher of the two is used to calculate the applicable duties. This ensures that the government receives the appropriate revenue from property transactions based on the established guideline values.

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 the 2023 revision, with a significant increase of 49% from Rs 201 per sq.ft in 2017.

What is the land classification for Adhi Sankara Nagar?

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

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

The Sub Registrar Office for Adhi Sankara Nagar is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated for properties in Adhi Sankara Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 3,00,000 incurs a stamp duty of Rs 21,000 at 7%.