Guideline Value for Adhithya Garden

Adhithya Garden guideline value

The current guideline value of Adhithya Garden is Rs 400 per sq.ft, effective from 1 July 2024. This property is located in Orathur village, under the Gooduvancheri SRO, and is classified as Residential Special Type - I.

How the guideline value of Adhithya Garden has changed

Over the years, the guideline value of Adhithya Garden has seen several revisions. The earliest available figure is from 2007, where the guideline value was Rs 200 per sq.ft. This increased to Rs 400 per sq.ft in 2012, marking a 100% rise. However, from 2012 to 2017, the value decreased to Rs 268 per sq.ft, reflecting a decline of 33%. The guideline value then increased significantly to Rs 400 per sq.ft in 2023, maintaining the same rate in the subsequent 2024 revision, resulting in no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from the 2007 revision to the 2024 revision, there has been a total increase of 100%. It is important to note that there are no figures available for the revisions in 2002 and 2003 for this street.

Guideline values in Orathur

In Orathur, there are 80 streets under the Gooduvancheri SRO that have a 2024 guideline value ranging from Rs 335 to Rs 1,700 per sq.ft, with a median value of Rs 500 per sq.ft. Adhithya Garden's guideline value of Rs 400 per sq.ft is below this median.

• Ambal Nagar: Rs 400 per sq.ft (2024)
• Arthanareeswarar Nagar: Rs 400 per sq.ft (2024)
• Ashok Nagar: Rs 400 per sq.ft (2024)
• Babu Nagar: Rs 505 per sq.ft (2024)
• Balaji Avenue: Rs 505 per sq.ft (2024)
• Balaji Nagar: Rs 505 per sq.ft (2024)

Stamp duty and registration fee for property in Adhithya Garden

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 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 precise calculations.

Which Sub Registrar Office covers Adhithya Garden?

The Sub Registrar Office that covers Adhithya Garden is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a critical factor in the registration process when buying or selling property in Orathur. It serves as a benchmark for determining the stamp duty and registration fees applicable to the transaction. Buyers and sellers must consider this value to ensure compliance with local regulations during the property transfer process.

When a property is registered, the guideline value is used to calculate the applicable taxes. This ensures that the government receives the appropriate revenue based on the property's assessed value, which is crucial for maintaining transparency and fairness in property transactions.

Frequently asked questions

What is the current guideline value of Adhithya Garden?

The current guideline value of Adhithya Garden is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed several times, with the most recent revision in 2024 maintaining the value at Rs 400 per sq.ft. From 2007 to 2012, it increased to Rs 400, then decreased to Rs 268 in 2017 before returning to Rs 400 in 2023 and 2024.

What is the land classification for Adhithya Garden?

Adhithya Garden is classified as Residential Special Type - I, which indicates its intended use for residential purposes.

What are the stamp duty and registration fees for properties in Adhithya Garden?

For a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000, totaling Rs 36,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for Adhithya Garden?

The Gooduvancheri Sub Registrar Office covers Adhithya Garden and is located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvancheri-603202, Chengalpattu registration zone.