Guideline Value for Adhikesavalu street

Adhikesavalu street guideline value

The current guideline value of Adhikesavalu street in Chindadripet village is Rs 4,900 per sq.ft, effective from 1 July 2024. This street falls under the Periamet Sub Registrar Office (SRO) and is classified as Residential Class I Type - I.

How the guideline value of Adhikesavalu street has changed

The guideline value for Adhikesavalu street has undergone several revisions over the years. The earliest recorded figure is from 2007, where the guideline value was Rs 1,500 per sq.ft. This increased significantly to Rs 4,500 per sq.ft in 2012, marking a 200% rise. However, in 2017, the value dropped to Rs 3,015 per sq.ft, a decrease of 33%. The value then rose to Rs 4,500 per sq.ft in 2023, and most recently, it reached Rs 4,900 per sq.ft in 2024, representing a 9% increase from the previous year.

Notably, there are no figures available for Adhikesavalu street in the revisions from 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 227%.

Guideline values in Chindadripet

In Chindadripet, there are 98 streets under the Periamet SRO that carry a 2024 guideline value ranging from Rs 2,500 to Rs 18,100 per sq.ft. The median value for these streets is Rs 3,300 per sq.ft, placing Adhikesavalu street's 2024 figure above this median.

• Adhikesavalu Hut: Rs 2,800 per sq.ft (2024)
• Agrahram Street: Rs 5,500 per sq.ft (2024)
• Arunachala Naicken street: Rs 8,200 per sq.ft (2024)
• Arunchala lane: Rs 3,800 per sq.ft (2024)
• Audiyappa Chety street: Rs 3,800 per sq.ft (2024)
• Ayya Mudalai Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Adhikesavalu street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,900 per sq.ft, the total guideline value amounts to Rs 49,00,000. The stamp duty is charged at 7%, which totals Rs 3,43,000, and the registration fee at 2% amounts to Rs 98,000. Together, the total fees come to Rs 4,41,000. It is important to note that the 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 Adhikesavalu street?

The Sub Registrar Office that covers Adhikesavalu street is the Periamet Sub Registrar Office, located at 1103, Poonamallee High Road, Chennai-600 003. You can find your SRO for more information.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Chindadripet. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction.

When a property is registered, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable duties and fees. This ensures that the registration reflects the true value of the property being transferred.

Frequently asked questions

What is the current guideline value of Adhikesavalu street?

The current guideline value of Adhikesavalu street is Rs 4,900 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

Since 2007, the guideline value has increased from Rs 1,500 per sq.ft to Rs 4,900 per sq.ft in 2024, marking an overall increase of 227%.

What is the land classification of Adhikesavalu street?

Adhikesavalu street is classified as Residential Class I Type - I.

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

The Sub Registrar Office for Adhikesavalu street is located at 1103, Poonamallee High Road, Chennai-600 003.

How is stamp duty calculated for properties in Adhikesavalu street?

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 49,00,000 would incur a stamp duty of Rs 3,43,000 at 7%.