Guideline Value for Adhikesavan Street

Adhikesavan Street guideline value

The current guideline value of Adhikesavan Street is Rs 7,700 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village, under the Triplicane SRO, and is classified as Mixed Type - II.

How the guideline value of Adhikesavan Street has changed

Adhikesavan Street has seen significant changes in its guideline value over the years. In 2002, the guideline value was Rs 508 per sq.ft, which increased to Rs 558 per sq.ft in 2003, marking a change of +10%. The value then rose to Rs 710 per sq.ft in 2007, reflecting a +27% increase. Following this, there was a substantial jump to Rs 7,000 per sq.ft in 2012, which represented an increase of +886%. The value remained unchanged at Rs 7,000 per sq.ft until 2023, when it increased to Rs 7,700 per sq.ft in 2024, showing a change of +10%.

It is important to note that there is no figure available for Adhikesavan Street in the 2017 revision. Overall, the guideline value has increased by +1,416% from 2002 to 2024.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO with a 2024 guideline value ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median value is Rs 6,600 per sq.ft, placing Adhikesavan Street's current value above this median.

• Adhipattan Street: Rs 16,400 per sq.ft (2024)
• Adam Salai (Swami Sivanandha Salai): Rs 13,200 per sq.ft (2024)
• Agathimuthan Street: Rs 5,500 per sq.ft (2024)
• Abdul Kareem Street: Rs 6,600 per sq.ft (2024)
• Abdul Kareem Lane: Rs 6,600 per sq.ft (2024)
• Abdul Kareem Cross Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Adhikesavan Street

For a 1,000 sq.ft plot at the current rate of Rs 7,700 per sq.ft, the guideline value amounts to Rs 77,00,000. The stamp duty at 7% would be Rs 5,39,000, and the registration fee at 2% would be Rs 1,54,000, bringing the total to Rs 6,93,000. Please 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 Triplicane Sub Registrar Office, located at No.182 Bharati Salai (pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for more information.

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

The guideline value is a crucial factor when registering property transactions in Triplicane. It is used to determine the stamp duty and registration fees that must be paid during the registration process.

When buying or selling property, the guideline value ensures that the transaction is recorded at a fair value, which helps in maintaining transparency in property dealings. Buyers and sellers should be aware of the current guideline value to understand their financial obligations during the registration process.

Frequently asked questions

What is the current guideline value of Adhikesavan Street?

The current guideline value of Adhikesavan Street is Rs 7,700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, from Rs 508 per sq.ft in 2002 to Rs 7,700 per sq.ft in 2024, reflecting an overall increase of +1,416%.

What is the land classification of Adhikesavan Street?

Adhikesavan Street is classified as Mixed Type - II according to the land classification in the area.

Where is the Triplicane Sub Registrar Office located?

The Triplicane Sub Registrar Office is located at No.182 Bharati Salai (pycrafts Road), Royapettah, Chennai-600014.

How can I calculate stamp duty and registration fees?

You can calculate the stamp duty and registration fees using the stamp duty and registration fee calculator available online.