Guideline Value for Adhipuri Jai Nagar

Adhipuri Jai Nagar guideline value

The current guideline value of Adhipuri Jai Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Kodungaiyur village under the Madhavaram SRO, classified as Residential Class II Type - I.

How the guideline value of Adhipuri Jai Nagar has changed

Over the years, the guideline value for Adhipuri Jai Nagar has seen several revisions. The 2012 revision set the value at Rs 2,000 per sq.ft, which remained unchanged in the 2023 revision. However, in the 2024 revision, the value increased to Rs 2,200 per sq.ft, marking a 10% rise from the previous year.

It is important to note that there are no figures available for the revisions in 2002, 2003, 2007, and 2017 for this street. Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%.

Guideline values in Kodungaiyur

Kodungaiyur has a total of 1,318 streets under the Madhavaram SRO, with guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft. The median guideline value in the village is Rs 2,700 per sq.ft, making the current value for Adhipuri Jai Nagar below this median.

• Adivasi Colony @ Anna Salai: Rs 2,200 per sq.ft (2024)
• Adivasi Colony (South Avenue 1st Lane North Side): Rs 2,200 per sq.ft (2024)
• Adivasi Colony (South Avenue 2nd Lane North Side): Rs 2,200 per sq.ft (2024)
• Agasthiar Street (Susila Nagar): Rs 2,700 per sq.ft (2024)
• Abirami Avenue 9th Street: Rs 2,700 per sq.ft (2024)
• Abirami Avenue 8th Street: Rs 2,700 per sq.ft (2024)

Stamp duty and registration fee for property in Adhipuri Jai Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value would be Rs 22,00,000. The stamp duty at 7% would amount to Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, bringing the total cost for these fees to Rs 1,98,000. 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 more detailed calculations.

Which Sub Registrar Office covers Adhipuri Jai Nagar?

The Sub Registrar Office that covers Adhipuri Jai Nagar is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for further assistance.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Kodungaiyur. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When a property is sold, the guideline value is compared to the sale price, and the higher of the two is used to calculate the applicable stamp duty and registration fees. This ensures transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Adhipuri Jai Nagar?

The current guideline value of Adhipuri Jai Nagar is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has remained at Rs 2,000 per sq.ft from 2012 to 2023, and then increased to Rs 2,200 per sq.ft in 2024. Overall, there has been a 10% increase in the guideline value from 2012 to 2024.

What are the guideline values of other streets in Kodungaiyur?

Other streets in Kodungaiyur have varying guideline values ranging from Rs 1,900 to Rs 4,000 per sq.ft, with a median value of Rs 2,700 per sq.ft. Adhipuri Jai Nagar's current value is below this median.

What fees are associated with buying property in Adhipuri Jai Nagar?

When buying property in Adhipuri Jai Nagar, the stamp duty is charged at 7% on the higher of the guideline value or the sale price, and the registration fee is charged at 2% of the same amount. For example, a 1,000 sq.ft plot would incur a total fee of Rs 1,98,000.

Where can I find the Sub Registrar Office for Adhipuri Jai Nagar?

The Madhavaram Sub Registrar Office covers Adhipuri Jai Nagar and is located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find more information about your SRO online.