Guideline Value for Adhiyamman Nagar

Adhiyamman Nagar guideline value

The current guideline value of Adhiyamman Nagar is Rs 5,500 per sq.ft, effective from 1 July 2024. This area is located in Konnur village, under the Konnur SRO, and is classified as Residential Class I Type - I.

How the guideline value of Adhiyamman Nagar has changed

The guideline value for Adhiyamman Nagar has seen several revisions over the years. In 2002, the value was Rs 315 per sq.ft, which increased to Rs 342 per sq.ft in 2003. Following this, the value rose significantly to Rs 700 per sq.ft in 2007, and then further to Rs 5,000 per sq.ft in 2012. However, it decreased to Rs 3,350 per sq.ft in 2017, before climbing back to Rs 5,000 per sq.ft in 2023. The most recent revision in 2024 set the value at Rs 5,500 per sq.ft.

In terms of changes, the guideline value increased by 9% from 2002 to 2003, followed by a substantial increase of 105% from 2003 to 2007. The value saw a remarkable rise of 614% from 2007 to 2012, but then it decreased by 33% from 2012 to 2017. From 2017 to 2023, there was a significant increase of 49%, and finally, a 10% rise from 2023 to 2024. Overall, the guideline value has increased by 1646% from 2002 to 2024.

Guideline values in Konnur

Konnur village has a total of 249 streets under the Konnur SRO, with 2024 guideline values ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median value for these streets is Rs 3,800 per sq.ft, placing Adhiyamman Nagar's 2024 value above this median.

• Adhiyamman Street: Rs 5,500 per sq.ft (2024)
• Agasthiar Nagar: Rs 3,800 per sq.ft (2024)
• Abirami Nagar: Rs 3,800 per sq.ft (2024)
• Akbar Nagar 1 to 4 Street- Akbar Square 1 to 4 Street: Rs 3,800 per sq.ft (2024)
• Ambdekar Street: Rs 3,800 per sq.ft (2024)
• Ambedkar 1st & 2nd Street: Rs 3,800 per sq.ft (2024)

Stamp duty and registration fee for property in Adhiyamman Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 5,500 per sq.ft, the total guideline value amounts to Rs 55,00,000. The stamp duty at 7% would be Rs 3,85,000, and the registration fee at 2% would be Rs 1,10,000, bringing the total to Rs 4,95,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can also use the stamp duty and registration fee calculator for more detailed calculations.

Which Sub Registrar Office covers Adhiyamman Nagar?

The Sub Registrar Office that covers Adhiyamman Nagar is the Konnur Sub Registrar Office, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai. For more information, you can find your SRO.

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

The guideline value is a crucial factor during the registration process of property transactions in Konnur. 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 buying or selling property, the guideline value helps both parties understand the official valuation of the property. It is essential for buyers to be aware of this value as it influences the overall transaction costs, including stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Adhiyamman Nagar?

The current guideline value of Adhiyamman Nagar is Rs 5,500 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions, with the most recent increase being from Rs 5,000 per sq.ft in 2023 to Rs 5,500 per sq.ft in 2024, a change of 10%.

What is the land classification of Adhiyamman Nagar?

Adhiyamman Nagar is classified as Residential Class I Type - I.

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

The Sub Registrar Office for Adhiyamman Nagar is located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

How is the stamp duty calculated for properties in Adhiyamman Nagar?

Stamp duty is calculated based on the higher of the guideline value or the sale price. For example, for a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 at 7%.