Guideline Value for Adhinarayana Puram 4th street

Adhinarayana Puram 4th street guideline value

The current guideline value of Adhinarayana Puram 4th street is Rs 3,850 per sq.ft, effective from 1 July 2024. This street 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 4th street has changed

The guideline value for Adhinarayana Puram 4th street has seen several revisions over the years. The earliest recorded revision is from 2007, where the value was Rs 1,500 per sq.ft. This figure increased significantly to Rs 3,500 per sq.ft in 2012, marking a rise of 133%. However, it then decreased to Rs 2,345 per sq.ft in 2017, a drop of 33%. The value saw a substantial increase again to Rs 3,500 per sq.ft in 2023, and further to Rs 3,850 per sq.ft in 2024, reflecting a 10% increase from the previous year.

There are no recorded figures for this street in the revisions of 2002 and 2003. Overall, from 2007 to 2024, the guideline value has increased by 157%, demonstrating the fluctuations in property valuation over the years.

Guideline values in Velachery

In Velachery, there are 2,691 streets under the Velacheri SRO that carry a 2024 guideline value, ranging from Rs 3,300 to Rs 13,200 per sq.ft. The median value is Rs 4,400 per sq.ft, placing Adhinarayana Puram 4th street's value below this median.

• Adhinarayana Puram 3rd street: Rs 3,850 per sq.ft (2024)
• Adhinarayana Puram 2nd street: Rs 3,850 per sq.ft (2024)
• Adhinarayana Puram 1st street: Rs 3,850 per sq.ft (2024)
• Adhinarayana Puram: 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 4th street

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, charged at 7%, would amount to Rs 2,69,500, while the registration fee at 2% would be Rs 77,000. Together, these fees total Rs 3,46,500. It is important to note that duty is charged on the higher of the guideline value or the sale price. For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Adhinarayana Puram 4th street?

The Sub Registrar Office that covers Adhinarayana Puram 4th street 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Velachery. It serves as a benchmark for determining the minimum value at which properties can be registered. When buying or selling property, the guideline value helps in calculating the stamp duty and registration fees that need to be paid during the registration process.

Both buyers and sellers should be aware that the guideline value may differ from the actual sale price. In cases where the sale price exceeds the guideline value, the stamp duty will be calculated based on the sale price, ensuring that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Adhinarayana Puram 4th street?

The current guideline value of Adhinarayana Puram 4th street 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 are the stamp duty and registration fees for properties in this area?

For a property valued at Rs 38,50,000, the stamp duty would be Rs 2,69,500 and the registration fee would be Rs 77,000, totaling Rs 3,46,500.

Which Sub Registrar Office handles registrations for this street?

The Velacheri Sub Registrar Office handles registrations for Adhinarayana Puram 4th street, located at No.17/39, Rajalakshmi Nagar 3rd Main Road, Velachery, Chennai 600042.

What is the classification of land in Adhinarayana Puram 4th street?

The land classification for Adhinarayana Puram 4th street is Residential Class II Type - III.