Guideline Value for Adhipattan Street

Adhipattan Street guideline value

The current guideline value of Adhipattan Street is Rs 16,400 per sq.ft, effective from 1 July 2024. This street is located in Triplicane village and falls under the Triplicane SRO. The land classification for this street is Residential Special Type - I.

How the guideline value of Adhipattan Street has changed

The guideline value for Adhipattan Street has seen significant changes over the years. The earliest recorded figure is from the 2007 revision, which was Rs 2,760 per sq.ft. This value increased dramatically to Rs 15,000 per sq.ft in both the 2012 and 2023 revisions, indicating a rise of 443% from 2007 to 2012. However, there was no change from 2012 to 2023. The most recent revision in 2024 shows a further increase to Rs 16,400 per sq.ft, marking a 9% rise from the previous year.

Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 494%. It is important to note that the register does not have figures for the years 2002, 2003, or 2017 for this street.

Guideline values in Triplicane

In Triplicane, there are 415 streets under the Triplicane SRO that carry a 2024 guideline value, ranging from Rs 2,700 to Rs 20,900 per sq.ft. The median guideline value for these streets is Rs 6,600 per sq.ft, placing Adhipattan Street's 2024 figure above that median.

• Adhikesavan Street: Rs 7,700 per sq.ft (2024)
• Adam Salai (Swami Sivanandha Salai): Rs 13,200 per sq.ft (2024)
• Agathimuthan Street: Rs 5,500 per sq.ft (2024)
• Abdul Kareem Street: Rs 6,600 per sq.ft (2024)
• Abdul Kareem Lane: Rs 6,600 per sq.ft (2024)
• Abdul Kareem Cross Street: Rs 6,600 per sq.ft (2024)

Stamp duty and registration fee for property in Adhipattan Street

For a 1,000 sq.ft plot at the current guideline value of Rs 16,400 per sq.ft, the total guideline value would be Rs 1,64,00,000. The stamp duty at 7% would amount to Rs 11,48,000, and the registration fee at 2% would be Rs 3,28,000, bringing the total charges to Rs 14,76,000. 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 Adhipattan Street?

The Sub Registrar Office covering Adhipattan Street is the Triplicane Sub Registrar Office, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014. You can find your SRO for further inquiries.

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

The guideline value is a critical factor during property registration in Triplicane. It serves as a reference point for determining the stamp duty and registration fees that must be paid when buying or selling property. Buyers should be aware that the guideline value is used to calculate these fees, ensuring compliance with local regulations.

When a property is sold, the guideline value helps establish a baseline for the transaction, ensuring that the sale price is in line with the established values in the area. This process helps maintain transparency in property transactions and ensures that all parties are aware of the financial obligations involved.

Frequently asked questions

What is the current guideline value of Adhipattan Street?

The current guideline value of Adhipattan Street is Rs 16,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 2,760 per sq.ft in 2007 to Rs 16,400 per sq.ft in 2024, marking an overall increase of 494%.

What are the stamp duty and registration fees for property in Adhipattan Street?

For a 1,000 sq.ft plot, the total guideline value is Rs 1,64,00,000, with stamp duty at 7% amounting to Rs 11,48,000 and registration fees at 2% totaling Rs 3,28,000, leading to a total of Rs 14,76,000.

Which Sub Registrar Office covers Adhipattan Street?

The Triplicane Sub Registrar Office covers Adhipattan Street, located at No.182 Bharati Salai (Pycrafts Road), Royapettah, Chennai-600014.

What is the land classification for Adhipattan Street?

The land classification for Adhipattan Street is Residential Special Type - I, indicating its designated use within the local planning framework.