Guideline Value for Adhikesava Perumal Nagar

Adhikesava Perumal Nagar guideline value

The current guideline value of Adhikesava Perumal Nagar is Rs 700 per sq.ft, effective from 1 July 2024. This street is located in the village of Sriperumbudur A under the Sriperumpudur SRO, and it falls under the Residential Class III Type - I land classification.

How the guideline value of Adhikesava Perumal Nagar has changed

In the 2017 revision, the guideline value was set at Rs 469 per sq.ft. This figure remained unchanged in the subsequent revisions of 2002, 2003, 2007, and 2012, where the register has no figure for this street. The guideline value increased to Rs 700 per sq.ft in both the 2023 and 2024 revisions, marking a significant increase of 49% from the 2017 figure.

From 2023 to 2024, there was no change in the guideline value, remaining at Rs 700 per sq.ft. Overall, the change from the 2017 revision to the 2024 revision is also 49%, reflecting a consistent guideline value in recent years.

Guideline values in Sriperumbudur A

In Sriperumbudur A, there are 238 streets under the Sriperumpudur SRO that carry a 2024 guideline value, ranging from Rs 400 to Rs 3,000 per sq.ft. The median guideline value for these streets is Rs 700 per sq.ft, which is equal to the guideline value of Adhikesava Perumal Nagar.

• Adhilakshmi nagar: Rs 700 per sq.ft (2024)
• Agobilamada Lane: Rs 700 per sq.ft (2024)
• Ahamed Moideeen Street: Rs 1,200 per sq.ft (2024)
• Akshaya Town: Rs 1,000 per sq.ft (2024)
• Alamel Avenue: Rs 800 per sq.ft (2024)
• A L S Nagar: Rs 700 per sq.ft (2024)

Stamp duty and registration fee for property in Adhikesava Perumal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, making the total cost Rs 63,000. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Adhikesava Perumal Nagar?

The Sub Registrar Office that covers Adhikesava Perumal 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 Sriperumbudur A

The guideline value plays a crucial role in the registration process of property transactions in Sriperumbudur A. It serves as a benchmark to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from property transactions.

When buying or selling property, the guideline value is used to calculate the stamp duty and registration fees, which are mandatory costs incurred during the registration process. Buyers and sellers must be aware of these values to ensure compliance with legal requirements during property transactions.

Frequently asked questions

What is the current guideline value of Adhikesava Perumal Nagar?

The current guideline value of Adhikesava Perumal Nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 469 per sq.ft in 2017 to Rs 700 per sq.ft in both the 2023 and 2024 revisions, marking a 49% increase overall from 2017 to 2024.

What is the land classification of Adhikesava Perumal Nagar?

Adhikesava Perumal Nagar falls under the Residential Class III Type - I land classification.

What is the registration office for Adhikesava Perumal Nagar?

The registration office for Adhikesava Perumal Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated in Adhikesava Perumal Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a 1,000 sq.ft plot at the current rate, the total guideline value is Rs 7,00,000, resulting in a stamp duty of Rs 49,000 at 7%.