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 B village, under the Sriperumpudur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Adhiparasakthi Nagar has changed

The guideline value for Adhiparasakthi Nagar has seen several revisions over the years. The most recent revisions are as follows: in 2017, the guideline value was Rs 268 per sq.ft, which increased to Rs 400 per sq.ft in both 2023 and 2024, marking a significant change of +49% from 2017 to 2023 and +49% overall from 2017 to 2024. There are no figures available for the years 2002, 2003, 2007, and 2012 in the register for this street.

From 2023 to 2024, the guideline value remained unchanged at Rs 400 per sq.ft, indicating a 0% change. The consistent value over the last two revisions suggests stability in the pricing for this area.

Guideline values in Katrampakkam B

In Katrampakkam B, there are 44 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft. The median guideline value for these streets is Rs 275 per sq.ft, placing Adhiparasakthi Nagar 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 amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, leading to a total of Rs 36,000. 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 details.

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 information.

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

The guideline value is a crucial component in the registration process of property transactions in Katrampakkam B. It serves as the basis for calculating stamp duty and registration fees, ensuring that the government receives the appropriate revenue from property sales.

When buying or selling property, it is essential to understand that the guideline value may influence the final sale price. Buyers and sellers should be aware of the current guideline value to make informed decisions during the transaction process.

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 remained at Rs 400 per sq.ft from 2023 to 2024, with a significant increase of +49% from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023 and 2024.

What is the median guideline value for streets in Katrampakkam B?

The median guideline value for streets in Katrampakkam B is Rs 275 per sq.ft, with Adhiparasakthi Nagar being above this median at Rs 400 per sq.ft.

What are the stamp duty and registration fees for property in Adhiparasakthi Nagar?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000.

Which office should I contact for registration in Adhiparasakthi Nagar?

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