Guideline Value for Adhinarayana Puram : -

Adhinarayana Puram : - guideline value

The current guideline value for Adhinarayana Puram : - is Rs 3,850 per sq.ft, effective from 1 July 2024. This area is located in Velachery village, under the Velacheri SRO, and is classified as Residential Class II Type - III.

How the guideline value of Adhinarayana Puram : - has changed

The guideline value for Adhinarayana Puram : - has seen several revisions over the years. The earliest recorded figure is from 2007, which was Rs 1,500 per sq.ft. This increased to Rs 3,500 per sq.ft in 2012, marking a significant rise of 133%. However, it then decreased to Rs 2,345 per sq.ft in 2017, a drop of 33%. The value rose again to Rs 3,500 per sq.ft in 2023, and the most recent revision in 2024 set the value at Rs 3,850 per sq.ft, reflecting a 10% increase from the previous year.

Between 2017 and 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the value has increased by 157%. The register has no figures for the years 2002 and 2003 for this street.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO, with guideline values ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median guideline value in this area is Rs 4,400 per sq.ft, placing Adhinarayana Puram : - below the median value.

• Adhinarayana Puram 1st street: Rs 3,850 per sq.ft (2024)
• Adhinarayana Puram 2nd street: Rs 3,850 per sq.ft (2024)
• Adhinarayana Puram 3rd street: Rs 3,850 per sq.ft (2024)
• Adhinarayana Puram 4th street: Rs 3,850 per sq.ft (2024)
• Agasthiyar Ashramam: Rs 3,850 per sq.ft (2024)
• A.G.S. Colony: Rs 4,400 per sq.ft (2024)

Stamp duty and registration fee for property in Adhinarayana Puram : -

For a 1,000 sq.ft plot at the current guideline value of Rs 3,850 per sq.ft, the total guideline value would be Rs 38,50,000. The stamp duty at 7% would amount to Rs 2,69,500, and the registration fee at 2% would be Rs 77,000, totaling Rs 3,46,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. You can use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Adhinarayana Puram : -?

The Sub Registrar Office covering Adhinarayana Puram : - is the Velacheri Sub Registrar Office, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042. You can find your SRO for more information.

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

The guideline value is a crucial factor when buying or selling property in Velachery, as it determines the minimum value at which a property can be registered. This value is used to calculate the applicable stamp duty and registration fees, which are mandatory for property transactions.

When a property is sold, the guideline value helps ensure that the transaction is recorded accurately and fairly reflects the property's worth. Buyers and sellers should be aware of these values to avoid discrepancies during the registration process.

Frequently asked questions

What is the current guideline value for Adhinarayana Puram : -?

The current guideline value for Adhinarayana Puram : - is Rs 3,850 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,500 per sq.ft in 2007 to Rs 3,850 per sq.ft in 2024, reflecting an overall increase of 157% over the years.

What is the median guideline value in Velachery?

The median guideline value in Velachery is Rs 4,400 per sq.ft, with Adhinarayana Puram : - being below this median.

What are the stamp duty rates for properties in this area?

The stamp duty rate for properties in Adhinarayana Puram : - is 7% of the guideline value or sale price, whichever is higher.

Where can I find the Sub Registrar Office for Adhinarayana Puram : -?

The Sub Registrar Office for Adhinarayana Puram : - is located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.