Guideline Value for Adhilakshmi Nagar

Adhilakshmi Nagar guideline value

The current guideline value of Adhilakshmi Nagar, located in Anumanthaputhari village, is Rs 1,655 per sq.ft, effective from 1 July 2024. This area falls under the Chengleput Joint I SRO and is classified as Residential Class I Type - I.

How the guideline value of Adhilakshmi Nagar has changed

Over the years, the guideline value of Adhilakshmi Nagar has seen significant changes. In 2007, the guideline value was Rs 260 per sq.ft. This figure increased dramatically to Rs 1,500 per sq.ft in 2012, marking a rise of 477%. However, from 2012 to 2017, the value decreased to Rs 1,005 per sq.ft, a drop of 33%. The value then rose again to Rs 1,500 per sq.ft in 2023, reflecting a 49% increase. The most recent revision in 2024 set the guideline value at Rs 1,655 per sq.ft, which is a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002 and 2003 for this street. Overall, from 2007 to 2024, the guideline value has increased by 537%.

Guideline values in Anumanthaputhari

Anumanthaputhari village has 11 streets under the Chengleput Joint I SRO that carry a 2024 guideline value, ranging from Rs 1,650 to Rs 3,025 per sq.ft. The median guideline value for these streets is Rs 3,025 per sq.ft, placing Adhilakshmi Nagar's 2024 figure below that median.

• Aadhi lakshmi Nagar: Rs 1,655 per sq.ft (2024)
• Anumanthaputheri Pillaiyar Koil St: Rs 3,025 per sq.ft (2024)
• Chengai Royal City: Rs 3,025 per sq.ft (2024)
• Nadutheru: Rs 3,025 per sq.ft (2024)
• Old Gst Road 1: Rs 3,025 per sq.ft (2024)
• Old Gst Road 2: Rs 3,025 per sq.ft (2024)

Stamp duty and registration fee for property in Adhilakshmi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,655 per sq.ft, the total guideline value amounts to Rs 16,55,000. The stamp duty at 7% would be Rs 1,15,850, and the registration fee at 2% would be Rs 33,100, bringing the total fees together to Rs 1,48,950. It is 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 Adhilakshmi Nagar?

The Sub Registrar Office that covers Adhilakshmi Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002, in the Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Anumanthaputhari. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees. This ensures that the government receives appropriate revenue from property transactions.

During the registration process, the guideline value is assessed to calculate the necessary fees. Buyers should be aware that the stamp duty is charged based on the higher amount between the guideline value and the sale price, ensuring a fair assessment for both parties involved in the transaction.

Frequently asked questions

What is the current guideline value of Adhilakshmi Nagar?

The current guideline value of Adhilakshmi Nagar is Rs 1,655 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, starting from Rs 260 per sq.ft in 2007 to Rs 1,655 per sq.ft in 2024, marking an overall increase of 537% over the years.

What is the registration office for Adhilakshmi Nagar?

The registration office for Adhilakshmi Nagar is the Chengleput Joint I Sub Registrar Office, located at 10, Kancheepuram Main Road, Chengalpattu 603 002.

How is stamp duty calculated for properties in Adhilakshmi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, for a plot of 1,000 sq.ft at the current rate, the total stamp duty would be Rs 1,15,850.

What are the other streets in Anumanthaputhari?

Other streets in Anumanthaputhari include Aadhi lakshmi Nagar, Anumanthaputheri Pillaiyar Koil St, Chengai Royal City, Nadutheru, Old Gst Road 1, and Old Gst Road 2, with varying guideline values.