Guideline Value for Adhimoolar Street

Adhimoolar Street guideline value

The current guideline value of Adhimoolar Street is Rs 1,210 per sq.ft, effective from 1 July 2024. This street is located in Mudichur village, under the Padappai SRO, and is classified as Residential Class II Type - I.

How the guideline value of Adhimoolar Street has changed

The guideline value for Adhimoolar Street has seen several revisions over the years. In the 2012 revision, the value was set at Rs 1,100 per sq.ft. This figure remained unchanged until the 2017 revision, which saw a decrease to Rs 737 per sq.ft, marking a -33% change. However, the value increased significantly to Rs 1,100 per sq.ft in the 2023 revision, and then further rose to Rs 1,210 per sq.ft in the 2024 revision, representing a +10% change.

From 2017 to 2023, there was a notable increase of +49%. Overall, from 2012 to 2024, the guideline value has increased by +10%. The register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Mudichur

In Mudichur, there are 135 streets under the Padappai SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 4,000 per sq.ft. The median value for these streets is Rs 2,200 per sq.ft, placing Adhimoolar Street's 2024 guideline value below this median.

• Adhi Lakshmi Street: Rs 1,760 per sq.ft (2024)
• Abirami Nagar: Rs 2,200 per sq.ft (2024)
• Abibullah Nagar: Rs 2,200 per sq.ft (2024)
• Alamelu Nagar: Rs 1,210 per sq.ft (2024)
• A.L.S. Greenland: Rs 1,210 per sq.ft (2024)
• A.L.S.Nagar: Rs 1,760 per sq.ft (2024)

Stamp duty and registration fee for property in Adhimoolar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,210 per sq.ft, the total guideline value would be Rs 12,10,000. The stamp duty at 7% would amount to Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total fees together to Rs 1,08,900. It is important to 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 information.

Which Sub Registrar Office covers Adhimoolar Street?

The Sub Registrar Office that covers Adhimoolar Street is the Padappai Sub Registrar Office, located at 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone. You can find your SRO for further assistance.

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

The guideline value is a crucial factor when registering property transactions in Mudichur. It serves as a benchmark for calculating the stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property transactions.

When buying or selling property, the guideline value helps determine the minimum value at which the property can be registered. This ensures transparency and fairness in the property market, as all transactions are subject to the same valuation standards.

Frequently asked questions

What is the current guideline value of Adhimoolar Street?

The current guideline value of Adhimoolar Street is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,100 per sq.ft in 2012 to Rs 737 per sq.ft in 2017, then back to Rs 1,100 per sq.ft in 2023, and finally to Rs 1,210 per sq.ft in 2024.

What are the other guideline values in Mudichur?

In Mudichur, the guideline values for other streets range from Rs 880 to Rs 4,000 per sq.ft, with a median value of Rs 2,200 per sq.ft.

How is stamp duty calculated for properties in Adhimoolar Street?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a 1,000 sq.ft plot at the current guideline value would incur a stamp duty of Rs 84,700.

Where can I find the Sub Registrar Office for Adhimoolar Street?

The Sub Registrar Office for Adhimoolar Street is located at Padappai Sub Registrar Office, 3/158, Pushpagiri Main Rd, Padappai - 601 301, Chennai registration zone.