Guideline Value for Adhilakshmi Cross Street

Adhilakshmi Cross Street guideline value

The current guideline value of Adhilakshmi Cross Street is Rs 1,100 per sq.ft, effective from 1 July 2024. This street is located in Selaiyur village, under the Selaiyur SRO, with a land classification of Residential Class IV Type - I.

How the guideline value of Adhilakshmi Cross Street has changed

The guideline value for Adhilakshmi Cross Street has seen several revisions over the years. In 2007, the value was Rs 600 per sq.ft, which increased to Rs 1,000 per sq.ft in 2012, marking a 67% rise. However, it then decreased to Rs 670 per sq.ft in 2017, reflecting a decline of 33%. The value then increased significantly to Rs 1,000 per sq.ft in 2023, showing a 49% increase. The most recent revision in 2024 set the value at Rs 1,100 per sq.ft, which is a 10% increase from the previous year.

It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street in the register.

Guideline values in Selaiyur

In Selaiyur, there are 478 streets under the Selaiyur SRO that carry a 2024 guideline value ranging from Rs 850 to Rs 6,500 per sq.ft, with a median value of Rs 2,200 per sq.ft. The guideline value for Adhilakshmi Cross Street is below this median.

• Adhilakshmi Street: Rs 1,100 per sq.ft (2024)
• Adhi Nagar: Rs 1,600 per sq.ft (2024)
• Adhi Nagar Kattapomman Street: Rs 1,600 per sq.ft (2024)
• Adhi Nagar Rajaji Cross Street: Rs 1,600 per sq.ft (2024)
• Adhi Nagar Veerabadran Street: Rs 1,600 per sq.ft (2024)
• Abirami Street: Rs 1,800 per sq.ft (2024)

Stamp duty and registration fee for property in Adhilakshmi Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value would be Rs 11,00,000. The stamp duty at 7% would amount to Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total fees to Rs 99,000. It is important to note that duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more information.

Which Sub Registrar Office covers Adhilakshmi Cross Street?

The Sub Registrar Office that covers Adhilakshmi Cross Street is the Selaiyur Sub Registrar Office, located at No.36, Bharathmatha Salai (opp To Railway Quarters), Ruby Mansion, East Tambaram, Selaiyur, Chennai - 600 073, in the Chengalpattu registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering properties in Selaiyur. It is used to determine the stamp duty and registration fees applicable during the transaction. Buyers and sellers should be aware that the guideline value may differ from the actual sale price, and the higher of the two will be used to calculate the applicable duties.

When a property is sold, the guideline value serves as a reference point for the authorities to ensure that the transaction is in line with the prevailing market conditions. It is essential for buyers to check the guideline value before making any property transactions to avoid discrepancies during registration.

Frequently asked questions

What is the current guideline value of Adhilakshmi Cross Street?

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

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,100 per sq.ft in 2024, reflecting an overall increase of 83% over the years.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is 7%, and the registration fee is 2%. For a property valued at Rs 11,00,000, the total fees would amount to Rs 99,000.

Which office handles property registrations for Adhilakshmi Cross Street?

The Selaiyur Sub Registrar Office handles property registrations for Adhilakshmi Cross Street, located at No.36, Bharathmatha Salai, East Tambaram, Chennai - 600 073.

Where can I find more information about other streets in Selaiyur?

Information about other streets in Selaiyur can be found through the Selaiyur SRO, which lists various guideline values for different streets in the area.