Guideline Value for Adhivasikal Nagar

Adhivasikal Nagar guideline value

The current guideline value of Adhivasikal Nagar, located in Anakaputhur village under the Pammal SRO, is Rs 2,350 per sq.ft, effective from 1 July 2024. This area is classified as Residential Class III Type - I.

How the guideline value of Adhivasikal Nagar has changed

The guideline value of Adhivasikal Nagar has seen significant changes over the years. In 2003, the guideline value was Rs 154 per sq.ft. This increased to Rs 325 per sq.ft in 2007, marking an increase of 111%. By 2017, the value rose dramatically to Rs 1,407 per sq.ft, reflecting a substantial increase of 333%. The 2023 revision set the value at Rs 2,099 per sq.ft, which was a 49% rise from the previous revision. The latest revision in 2024 has established the current value at Rs 2,350 per sq.ft, a 12% increase from 2023.

It is important to note that there are no figures available for the years 2002 and 2012 in the register for this street. Overall, from 2003 to 2024, the guideline value has increased by 1,426%.

Guideline values in Anakaputhur

Anakaputhur village has a total of 501 streets under the Pammal SRO, with guideline values ranging from Rs 1,320 to Rs 4,640 per sq.ft as of 2024. The median guideline value for these streets is Rs 1,980 per sq.ft, placing Adhivasikal Nagar's 2024 figure above this median.

• Adajniamman Koil Street: Rs 1,760 per sq.ft (2024)
• Adivasi Nagar Main Road: Rs 2,350 per sq.ft (2024)
• Agatheeswarar Nagar: Rs 1,760 per sq.ft (2024)
• Agatheeswarar Street / MGR Nagar: Rs 1,760 per sq.ft (2024)
• Agatheeswarar Street/ Venkateswara Nagar: Rs 1,980 per sq.ft (2024)
• Aannal Gandhi Nagar: Rs 2,350 per sq.ft (2024)

Stamp duty and registration fee for property in Adhivasikal Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 2,350 per sq.ft, the total guideline value would be Rs 23,50,000. The stamp duty at 7% would be Rs 1,64,500, and the registration fee at 2% would be Rs 47,000, making the total charges together Rs 2,11,500. It is important to note that duty is charged on the higher of the guideline value or the sale price.

You can also use our stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Adhivasikal Nagar?

The Sub Registrar Office that covers Adhivasikal Nagar is the Pammal Sub Registrar Office, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value plays a crucial role in property transactions in Anakaputhur. It is used to determine the stamp duty and registration fees that need to be paid when a property is bought or sold. The guideline value is set by the government and reflects the market value of properties in a specific area.

When buying or selling property, it is essential to be aware of the current guideline value, as it impacts the overall cost of the transaction. Buyers should ensure that they are informed about the guideline value to avoid any unexpected costs during the registration process.

Frequently asked questions

What is the current guideline value of Adhivasikal Nagar?

The current guideline value of Adhivasikal Nagar is Rs 2,350 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 154 per sq.ft in 2003 to Rs 2,350 per sq.ft in 2024, marking an overall increase of 1,426% over the years.

What are the stamp duty and registration fees for property in Adhivasikal Nagar?

For a property valued at Rs 23,50,000, the stamp duty would be Rs 1,64,500 and the registration fee would be Rs 47,000, totaling Rs 2,11,500.

Which Sub Registrar Office covers Adhivasikal Nagar?

The Pammal Sub Registrar Office covers Adhivasikal Nagar, located at Kamarajapuram Thiruneermalai Main Road, Pammal, Chennai-600075.

What is the land classification of Adhivasikal Nagar?

Adhivasikal Nagar is classified as Residential Class III Type - I, indicating its designation for residential use.