Guideline Value for Adi Sakthi Nagar

Adi Sakthi Nagar guideline value

The current guideline value of Adi Sakthi Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024. This locality is situated in Kobarasanallur village, under the Kunrathur Sub Registrar Office (SRO). The land classification for this area is Mixed Special Type - II.

How the guideline value of Adi Sakthi Nagar has changed

The guideline value for Adi Sakthi Nagar has undergone several revisions over the years. The 2012 revision set the value at Rs 1,800 per sq.ft, which was then reduced to Rs 1,206 per sq.ft in the 2017 revision. However, the value increased significantly to Rs 1,800 per sq.ft in the 2023 revision and further rose to Rs 1,980 per sq.ft in the 2024 revision. The register has no figures for the years 2002, 2003, and 2007 for this street.

From 2012 to 2017, the guideline value decreased by 33%. However, it saw a substantial increase of 49% from 2017 to 2023. The overall change from 2012 to 2024 is an increase of 10%.

Guideline values in Kobarasanallur

Kobarasanallur village features 28 streets under the Kunrathur SRO, with the 2024 guideline values ranging from Rs 1,650 to Rs 4,180 per sq.ft. The median guideline value for these streets is Rs 1,980 per sq.ft, making the value for Adi Sakthi Nagar equal to this median.

• Aishwarya Garden: Rs 1,980 per sq.ft (2024)
• Aishwarya Garden Annexe: Rs 1,650 per sq.ft (2024)
• A.K.Nagar: Rs 1,980 per sq.ft (2024)
• Anandam Nagar: Rs 1,980 per sq.ft (2024)
• Bagyalakshmi Nagar: Rs 1,980 per sq.ft (2024)
• Bharathi Nagar: Rs 1,980 per sq.ft (2024)

Stamp duty and registration fee for property in Adi Sakthi Nagar

For a 1,000 sq.ft plot at the current guideline value of Rs 1,980 per sq.ft, the total guideline value would be Rs 19,80,000. The stamp duty, charged at 7%, amounts to Rs 1,38,600, while the registration fee at 2% would be Rs 39,600. The total cost for stamp duty and registration fees together would be Rs 1,78,200. It is important to note that duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Adi Sakthi Nagar?

The Sub Registrar Office that covers Adi Sakthi Nagar is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai - 600 069. You can find your SRO for more information.

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

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

When buying or selling property, the guideline value helps both parties understand the financial implications of the transaction. It is essential for buyers and sellers to be aware of the current guideline value to avoid any disputes during the registration process.

Frequently asked questions

What is the current guideline value of Adi Sakthi Nagar?

The current guideline value of Adi Sakthi Nagar is Rs 1,980 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,800 per sq.ft in 2012 to Rs 1,206 per sq.ft in 2017, then rose to Rs 1,800 per sq.ft in 2023, and finally to Rs 1,980 per sq.ft in 2024.

What is the median guideline value in Kobarasanallur?

The median guideline value for the streets in Kobarasanallur is Rs 1,980 per sq.ft, which is also the guideline value for Adi Sakthi Nagar.

What are the stamp duty and registration fees for a property in Adi Sakthi Nagar?

The stamp duty for a property valued at Rs 19,80,000 would be Rs 1,38,600, and the registration fee would be Rs 39,600, totaling Rs 1,78,200.

Which office handles property registrations in Adi Sakthi Nagar?

The Kunrathur Sub Registrar Office handles property registrations in Adi Sakthi Nagar, located at No.59, Road Street, Kundrathur, Chennai - 600 069.