Guideline Value for Adhiparasakthi Nagar

Adhiparasakthi Nagar guideline value

The current guideline value of Adhiparasakthi Nagar is Rs 300 per sq.ft, effective from 1 July 2024. This area is located in Nemili village under the Sriperumpudur SRO, classified as Residential Class I Type - I.

How the guideline value of Adhiparasakthi Nagar has changed

The guideline value for Adhiparasakthi Nagar has undergone several revisions over the years. In the 2007 revision, the value was set at Rs 115 per sq.ft. This increased significantly to Rs 300 per sq.ft in the 2012 revision, marking a rise of 161%. However, in the 2017 revision, the value dropped to Rs 201 per sq.ft, which was a decrease of 33%. The 2023 revision maintained the value at Rs 300 per sq.ft, and the same value was carried over into the 2024 revision, resulting in no change.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 161%. The register does not have figures for the years 2002 and 2003 for this street.

Guideline values in Nemili

Nemili village has a total of 66 streets under the Sriperumpudur SRO with a 2024 guideline value ranging from Rs 150 to Rs 1,000 per sq.ft. The median guideline value for these streets is Rs 250 per sq.ft, placing Adhiparasakthi Nagar above this median.

• Adhi Sankara Nagar: Rs 300 per sq.ft (2024)
• Alamelu puram: Rs 250 per sq.ft (2024)
• Ambedhkar Street: Rs 150 per sq.ft (2024)
• Asina nagar: Rs 210 per sq.ft (2024)
• Bajanai Koil Cross Street: Rs 210 per sq.ft (2024)
• Bajanai Koil Street: 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 300 per sq.ft, the total guideline value amounts to Rs 3,00,000. The stamp duty at 7% would be Rs 21,000, and the registration fee at 2% would be Rs 6,000, bringing the total to Rs 27,000. 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 further assistance.

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

The guideline value is a crucial factor in property transactions in Nemili. It serves as a benchmark for determining the stamp duty and registration fees during the sale or purchase of property. Buyers and sellers must consider this value to ensure compliance with local regulations.

When registering a property, the guideline value is used to calculate the applicable duties and fees. It is essential to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Adhiparasakthi Nagar?

The current guideline value of Adhiparasakthi Nagar is Rs 300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has seen various changes, from Rs 115 per sq.ft in 2007 to Rs 300 per sq.ft in 2012, then down to Rs 201 per sq.ft in 2017, and back to Rs 300 per sq.ft in 2023 and 2024.

What is the land classification for Adhiparasakthi Nagar?

Adhiparasakthi Nagar is classified as Residential Class I Type - I, which indicates its suitability for residential development.

Where can I find the Sub Registrar Office for Adhiparasakthi Nagar?

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

How is the stamp duty calculated for properties in Adhiparasakthi Nagar?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a 1,000 sq.ft plot at Rs 300 per sq.ft would incur a stamp duty of Rs 21,000.