Guideline Value for Adhilakshmi nagar

Adhilakshmi nagar guideline value

The current guideline value of Adhilakshmi nagar is Rs 700 per sq.ft, effective from 1 July 2024. This area is located in Sriperumbudur A village, under the Sriperumpudur SRO, and falls under the Residential Class III Type - I land classification.

How the guideline value of Adhilakshmi nagar has changed

In the 2017 revision, the guideline value was Rs 469 per sq.ft. This figure remained unchanged in the 2023 revision, which also recorded Rs 700 per sq.ft. The most recent revision in 2024 has kept the guideline value at Rs 700 per sq.ft, showing no change from the previous year. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

Between 2017 and 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, there has been a 49% increase in the guideline value for Adhilakshmi nagar.

Guideline values in Sriperumbudur A

Adhilakshmi nagar's guideline value of Rs 700 per sq.ft is equal to the median guideline value of Rs 700 per sq.ft among the 238 streets in Sriperumbudur A under the Sriperumpudur SRO, which range from Rs 400 to Rs 3,000 per sq.ft.

• Adhikesava Perumal Nagar: Rs 700 per sq.ft (2024)
• Agobilamada Lane: Rs 700 per sq.ft (2024)
• Ahamed Moideeen Street: Rs 1,200 per sq.ft (2024)
• Akshaya Town: Rs 1,000 per sq.ft (2024)
• Alamel Avenue: Rs 800 per sq.ft (2024)
• A L S Nagar: Rs 700 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 700 per sq.ft, the total guideline value would be Rs 7,00,000. The stamp duty at 7% would amount to Rs 49,000, and the registration fee at 2% would be Rs 14,000, bringing the total cost to Rs 63,000. Please note that the duty is charged on the higher of the guideline value and the sale price. 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 Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is an important factor in the registration of property transactions in Sriperumbudur A. It is used to determine the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for both parties. It is essential to be aware of the current guideline value to ensure compliance with legal requirements and to avoid any potential disputes during the registration process.

Frequently asked questions

What is the current guideline value of Adhilakshmi nagar?

The current guideline value of Adhilakshmi nagar is Rs 700 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

Since the 2017 revision, the guideline value has increased by 49%, remaining at Rs 700 per sq.ft in the 2023 and 2024 revisions. There are no figures available for the years 2002, 2003, 2007, and 2012 for this street.

What is the land classification of Adhilakshmi nagar?

Adhilakshmi nagar falls under the Residential Class III Type - I land classification, which is relevant for determining the guideline value and property usage.

What are the stamp duty and registration fees for property in Adhilakshmi nagar?

The stamp duty is 7% of the guideline value, and the registration fee is 2%. For example, for a 1,000 sq.ft plot at Rs 700 per sq.ft, the total cost would be Rs 63,000.

Which Sub Registrar Office covers Adhilakshmi nagar?

The Sub Registrar Office that covers Adhilakshmi nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.