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_B village under the Sriperumpudur SRO and falls under the Residential Class I Type - I land classification.

How the guideline value of Adhiparasakthi Nagar has changed

The guideline value for Adhiparasakthi Nagar has seen several revisions over the years. The 2017 revision set the value at Rs 201 per sq.ft. This remained unchanged in the 2023 revision, which also recorded Rs 300 per sq.ft. The most recent revision in 2024 confirmed the same rate of Rs 300 per sq.ft, indicating no change from the previous year.

From 2017 to 2023, there was a significant increase of 49%. Overall, from 2017 to 2024, the guideline value has increased by 49% as well. The register does not have figures for the years 2002, 2003, 2007, and 2012 for this street.

Guideline values in Nemili_B

In the village of Nemili_B, there are 97 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 1,500 per sq.ft, with a median value of Rs 250 per sq.ft. Adhiparasakthi Nagar's 2024 figure of Rs 300 per sq.ft is 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)
• Ambrose Garden: Rs 150 per sq.ft (2024)
• Arul Nagar: Rs 250 per sq.ft (2024)
• Asina nagar: Rs 200 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 would be Rs 3,00,000. The stamp duty at 7% would amount to Rs 21,000, and the registration fee at 2% would be Rs 6,000, totaling Rs 27,000. It is important to note that the duty is charged on the higher of the guideline value or 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 covering 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 Nemili_B

The guideline value is a crucial factor when buying or selling property in Nemili_B. It serves as a benchmark for determining the stamp duty and registration fees applicable during the registration process.

When a property transaction occurs, the guideline value is compared with the sale price to determine the applicable duty. The higher of the two values is used to calculate the stamp duty, ensuring that the correct fees are paid during registration.

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 remained at Rs 300 per sq.ft since the 2023 revision. It was Rs 201 per sq.ft in 2017, marking a 49% increase over the period from 2017 to 2024.

What is the land classification for Adhiparasakthi Nagar?

Adhiparasakthi Nagar is classified under Residential Class I Type - I, indicating its designation for residential purposes.

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 stamp duty calculated for properties in Adhiparasakthi Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 3,00,000, the stamp duty would be Rs 21,000 at 7%.