Guideline Value for Adhiyamman Street

Adhiyamman Street guideline value

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

How the guideline value of Adhiyamman Street has changed

The guideline value for Adhiyamman Street has seen several revisions over the years. Starting from Rs 207 per sq.ft in 2002, it increased to Rs 225 per sq.ft in 2003, representing a 9% rise. The value then surged significantly to Rs 700 per sq.ft in 2007, marking a 211% increase. In 2012, the value was recorded at Rs 5,000 per sq.ft, which was a decrease of 33% from the previous revision. The value increased again to Rs 3,350 per sq.ft in 2017, reflecting a 49% rise. The most recent revision in 2023 set the value at Rs 5,000 per sq.ft, which then increased to Rs 5,500 per sq.ft in 2024, a 10% increase.

There are no figures available for the guideline value of Adhiyamman Street for the years not listed in the register. Overall, from 2002 to 2024, the guideline value has increased by 2557%.

Guideline values in Konnur

In Konnur, there are 249 streets under the Konnur SRO with a 2024 guideline value ranging from Rs 2,750 to Rs 7,100 per sq.ft. The median value is Rs 3,800 per sq.ft, and Adhiyamman Street's 2024 figure is above this median.

• Adhiyamman Nagar: 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 Street

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

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

Which Sub Registrar Office covers Adhiyamman Street?

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

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

The guideline value plays a crucial role in the registration process when buying or selling property in Konnur. It is used to determine the stamp duty and registration fees, which are calculated based on the guideline value or the sale price, whichever is higher.

When executing a sale or purchase, the guideline value ensures that the transaction is recorded at a fair value, which is essential for legal and taxation purposes. Understanding the guideline value can help buyers and sellers navigate the registration process more effectively.

Frequently asked questions

What is the current guideline value of Adhiyamman Street?

The current guideline value of Adhiyamman Street 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 changed significantly, starting from Rs 207 per sq.ft in 2002 to Rs 5,500 per sq.ft in 2024, reflecting an overall increase of 2557% over the years.

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

For a property valued at Rs 55,00,000, the stamp duty would be Rs 3,85,000 and the registration fee would be Rs 1,10,000, totaling Rs 4,95,000.

Which Sub Registrar Office covers Konnur?

The Konnur Sub Registrar Office covers Konnur, located at Villivakkam Panchayat, Union Office Complex, Dunlop Bus Stop, Ambattur, Chennai.

What is the land classification of Adhiyamman Street?

Adhiyamman Street is classified as Residential Class I Type - I, indicating its suitability for residential purposes.