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

How the guideline value of Adhiparasakthi Nagar has changed

In the 2023 revision, the guideline value was set at Rs 300 per sq.ft. This marked an increase from previous revisions, as the register has no figure for this street in the years 2002, 2003, 2007, 2012, and 2017. The most recent revision in 2024 saw a significant increase of 33%, bringing the guideline value to Rs 400 per sq.ft.

To summarize the changes, the guideline value increased from Rs 300 per sq.ft in 2023 to Rs 400 per sq.ft in 2024. This aligns with the median guideline value for Vadakal_C, which is also Rs 400 per sq.ft.

Guideline values in Vadakal_C

Vadakal_C village has a total of 61 streets under the Sriperumpudur SRO, with guideline values ranging from Rs 150 to Rs 1,500 per sq.ft. Adhiparasakthi Nagar's 2024 guideline value of Rs 400 per sq.ft is equal to the median value for the village. Below are other streets in Vadakal_C with their respective guideline values:

• Alamelumangapuram: Rs 400 per sq.ft (2024)
• Amsavalli Nagar: Rs 400 per sq.ft (2024)
• Amsaveni Nagar: Rs 400 per sq.ft (2024)
• Arabindo Nagar: Rs 200 per sq.ft (2024)
• Bajanai Koil Street: Rs 300 per sq.ft (2024)
• Colony Street: Rs 150 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, bringing the total fees to Rs 36,000. It is important to note that 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 further assistance.

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 Vadakal_C

The guideline value is a crucial factor when registering property transactions in Vadakal_C. It determines the stamp duty and registration fees that buyers and sellers must pay, which are calculated based on the guideline value or the sale price, whichever is higher.

When purchasing property, understanding the guideline value helps in budgeting for additional costs associated with the transaction. It is essential for both buyers and sellers to be aware of these values to ensure compliance with local regulations 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 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value increased from Rs 300 per sq.ft in 2023 to Rs 400 per sq.ft in 2024, marking a 33% increase. There are no figures available for the years 2002, 2003, 2007, 2012, and 2017 for this street.

What are the guideline values for other streets in Vadakal_C?

Other streets in Vadakal_C have various guideline values, ranging from Rs 150 to Rs 1,500 per sq.ft. For instance, Alamelumangapuram, Amsavalli Nagar, and Amsaveni Nagar all have a guideline value of Rs 400 per sq.ft in 2024.

What fees are associated with property transactions in Adhiparasakthi Nagar?

For a 1,000 sq.ft plot, the total guideline value is Rs 4,00,000. The stamp duty is calculated at 7%, amounting to Rs 28,000, and the registration fee at 2% is Rs 8,000, totaling Rs 36,000 in fees.

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

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