Guideline Value for Adhiparasakthi Nagar

Adhiparasakthi Nagar guideline value

The current guideline value of Adhiparasakthi Nagar is Rs 400 per sq.ft, effective from 1 July 2024. This area is located in Katrampakkam village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Adhiparasakthi Nagar has changed

Over the years, the guideline value for Adhiparasakthi Nagar has seen several revisions. The earliest recorded figure is from 2007, where the value was Rs 100 per sq.ft. This increased significantly to Rs 400 per sq.ft in 2012, marking a 300% rise. However, from 2012 to 2017, the value decreased to Rs 268 per sq.ft, a drop of 33%. The subsequent revision in 2023 maintained the value at Rs 400 per sq.ft, and the latest revision in 2024 also holds the same value, showing no change from the previous year.

In summary, from 2017 to 2023, the guideline value increased by 49%. Overall, from 2007 to 2024, the value has increased by 300%. It is important to note that there are no figures available in the register for the years 2002 and 2003 for this street.

Guideline values in Katrampakkam

In Katrampakkam, there are 41 streets under the Sriperumpudur SRO that have a guideline value for 2024, ranging from Rs 150 to Rs 800 per sq.ft. The median guideline value in the village is Rs 250 per sq.ft, which means the guideline value of Adhiparasakthi Nagar is above this median.

• Bajanai Koil Street: Rs 400 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)
• Bramanar Street: Rs 400 per sq.ft (2024)
• Chelliamman Nagar: Rs 500 per sq.ft (2024)
• Cine Production Assistant Nagar: Rs 500 per sq.ft (2024)
• Ganapathy Nagar: Rs 250 per sq.ft (2024)

Stamp duty and registration fee for property in Adhiparasakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value would be Rs 4,00,000. The stamp duty at 7% would amount to Rs 28,000, while the registration fee at 2% would be Rs 8,000. Therefore, the total cost for stamp duty and registration would be Rs 36,000. It is important to note that the 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 Adhiparasakthi Nagar?

The Sub Registrar Office that covers Adhiparasakthi 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 details.

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

The guideline value plays a crucial role in property transactions in Katrampakkam. When buying or selling property, the guideline value is used to determine the stamp duty and registration fees applicable to the transaction. It serves as a benchmark for the minimum value at which properties can be registered.

In the registration process, if the sale price of the property is higher than the guideline value, the stamp duty and registration fees will be calculated based on the sale price. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Adhiparasakthi Nagar?

The current guideline value of Adhiparasakthi Nagar is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed multiple times, starting from Rs 100 per sq.ft in 2007 to Rs 400 per sq.ft in 2012, then decreasing to Rs 268 per sq.ft in 2017, and remaining at Rs 400 per sq.ft in both 2023 and 2024.

What is the median guideline value in Katrampakkam?

The median guideline value in Katrampakkam is Rs 250 per sq.ft, which indicates that Adhiparasakthi Nagar's guideline value is above this median.

What is the registration office for Adhiparasakthi Nagar?

The registration office for Adhiparasakthi Nagar is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone.

How is stamp duty calculated in Katrampakkam?

Stamp duty in Katrampakkam is calculated based on the higher of the guideline value or the sale price of the property. The current rate is 7% for stamp duty and 2% for the registration fee.