Guideline Value for Adhikesavan Street

Adhikesavan Street guideline value

The current guideline value of Adhikesavan Street in Kodambakkam village is Rs 4,100 per sq.ft, effective from 1 July 2024. This street falls under the Ashok Nagar SRO and is classified as Residential Class IV Type - I.

How the guideline value of Adhikesavan Street has changed

The guideline value for Adhikesavan Street has undergone several revisions over the years. In 2007, the value was Rs 1,210 per sq.ft, which increased significantly to Rs 3,750 per sq.ft in 2012, marking a rise of 210%. However, it then decreased to Rs 2,512 per sq.ft in 2017, a decline of 33%. The value saw a substantial increase of 49% to Rs 3,750 per sq.ft in 2023, before reaching the current value of Rs 4,100 per sq.ft in 2024, a rise of 9%.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 239%.

Guideline values in Kodambakkam

In Kodambakkam, there are 1,031 streets under the Ashok Nagar SRO that carry a 2024 guideline value ranging from Rs 2,200 to Rs 11,000 per sq.ft. The median guideline value in this area is Rs 4,900 per sq.ft, making Adhikesavan Street's current value below the median.

• Adhikesavanpillai Street Block 38: Rs 4,100 per sq.ft (2024)
• Abraham Street: Rs 3,300 per sq.ft (2024)
• Abdul Razak Street: Rs 3,300 per sq.ft (2024)
• Alagirisamy Salai: Rs 7,700 per sq.ft (2024)
• Alagiri Street: Rs 3,300 per sq.ft (2024)
• Alayamaistry Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Adhikesavan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 4,100 per sq.ft, the total guideline value would be Rs 41,00,000. The stamp duty at 7% would amount to Rs 2,87,000, and the registration fee at 2% would be Rs 82,000, bringing the total to Rs 3,69,000. It's important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Adhikesavan Street?

The Sub Registrar Office that covers Adhikesavan Street is the Ashok Nagar Sub Registrar Office, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037 (Near By Nolambur Eb Office). You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration process when buying or selling property in Kodambakkam. It is used to determine the stamp duty and registration fees that must be paid during the transaction. Buyers should be aware that the stamp duty is calculated based on the higher amount between the guideline value and the sale price.

When registering property, it is essential to refer to the latest guideline value to ensure compliance with local regulations. This value helps in assessing the financial obligations associated with property transactions in the area.

Frequently asked questions

What is the current guideline value of Adhikesavan Street?

The current guideline value of Adhikesavan Street is Rs 4,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,210 per sq.ft in 2007 to Rs 4,100 per sq.ft in 2024, reflecting an overall increase of 239% over the years.

What is the median guideline value in Kodambakkam?

The median guideline value in Kodambakkam is Rs 4,900 per sq.ft, which is higher than the current value of Adhikesavan Street.

What are the stamp duty and registration fees for property in Adhikesavan Street?

The stamp duty is calculated at 7% of the guideline value, and the registration fee is 2%. For a property valued at Rs 41,00,000, the total fees would amount to Rs 3,69,000.

Which office handles registrations for Adhikesavan Street?

The Ashok Nagar Sub Registrar Office is responsible for handling registrations for Adhikesavan Street, located at Nolambur 2nd Main Road, Nolambur Phase 2, Chennai 600037.