Guideline Value for Adi Dravidar Street

Adi Dravidar Street guideline value

The current guideline value of Adi Dravidar Street is Rs 1,300 per sq.ft, effective from 1 July 2024. This street is located in Tondaiarpet village under the Royapuram SRO, classified as Residential Class II Type - I.

How the guideline value of Adi Dravidar Street has changed

The guideline value for Adi Dravidar Street has undergone several revisions over the years. In the 2007 revision, the value was Rs 600 per sq.ft, which increased to Rs 1,200 per sq.ft in the 2012 revision, marking a 100% rise. However, it then decreased to Rs 804 per sq.ft in the 2017 revision, reflecting a decline of 33%. The value saw a significant increase to Rs 1,200 per sq.ft in the 2023 revision, followed by a further rise to Rs 1,300 per sq.ft in the 2024 revision, representing an 8% increase.

There are no figures available for the revisions in 2002 and 2003 for this street. Overall, from the 2007 revision to the 2024 revision, the guideline value has increased by 117%.

Guideline values in Tondaiarpet

In Tondaiarpet village, there are 1,384 streets under the Royapuram SRO, with 2024 guideline values ranging from Rs 1,100 to Rs 10,100 per sq.ft. The median value is Rs 1,600 per sq.ft, placing Adi Dravidar Street's 2024 figure below this median.

• Adi Parashakthi Street (Moopanar Nagar): Rs 1,300 per sq.ft (2024)
• Adam Shahib Lane: Rs 1,300 per sq.ft (2024)
• Altis Ville L.L.p: Rs 6,000 per sq.ft (2024)
• Amaravathy kuppam: Rs 1,300 per sq.ft (2024)
• Amaravathypuram (North): Rs 1,300 per sq.ft (2024)
• Anandanayagi Nagar 1st Street: Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Adi Dravidar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,300 per sq.ft, the total guideline value amounts to Rs 13,00,000. The stamp duty at 7% would be Rs 91,000, and the registration fee at 2% would be Rs 26,000, totaling Rs 1,17,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Adi Dravidar Street?

The Sub Registrar Office that covers Adi Dravidar Street is the Royapuram Sub Registrar Office, located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021. You can find your SRO for more information.

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

The guideline value is a crucial factor in property transactions in Tondaiarpet. It serves as a benchmark for determining the minimum price at which a property can be registered, ensuring that the government receives appropriate revenue through stamp duty and registration fees.

When buying or selling property, the guideline value helps both parties understand the value of the property in the eyes of the law. It is essential to consider this value when negotiating sale prices to ensure compliance with legal requirements during registration.

Frequently asked questions

What is the current guideline value of Adi Dravidar Street?

The current guideline value of Adi Dravidar Street is Rs 1,300 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 600 per sq.ft in 2007 to Rs 1,300 per sq.ft in 2024, reflecting an overall increase of 117% over the years.

What is the land classification for Adi Dravidar Street?

Adi Dravidar Street is classified as Residential Class II Type - I under the Royapuram SRO.

Where can I find the Sub Registrar Office for property transactions?

The Sub Registrar Office for Adi Dravidar Street is located at 535, Tondaiyarpet High Road, Near Maharani Theatre, Chennai 600021.

How is stamp duty calculated for properties in Tondaiarpet?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 13,00,000, the stamp duty would be Rs 91,000.