Guideline Value for Adidravidar B.G.Road

Adidravidar B.G.Road guideline value

The current guideline value of Adidravidar B.G.Road is Rs 1,210 per sq.ft, effective from 1 July 2024. This road is located in Mamallapuram village under the Thirukazhukundram SRO and is classified as Residential Class III Type - I.

How the guideline value of Adidravidar B.G.Road has changed

The guideline value for Adidravidar B.G.Road has seen several revisions over the years. The earliest available revision is from 2012, where the guideline value was Rs 850 per sq.ft. This value then decreased to Rs 569 per sq.ft in the 2017 revision. However, from 2017 to 2023, there was a significant increase to Rs 1,100 per sq.ft, representing a 93% rise. The most recent revision in 2024 has further increased the guideline value to Rs 1,210 per sq.ft, marking a 10% increase from the previous year.

It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street. Overall, from 2012 to 2024, the guideline value has increased by 42%.

Guideline values in Mamallapuram

In Mamallapuram, there are 133 streets under the Thirukazhukundram SRO with a 2024 guideline value ranging from Rs 550 to Rs 1,650 per sq.ft. The median guideline value for these streets is Rs 935 per sq.ft, and Adidravidar B.G.Road's 2024 figure is above this median.

• Aanaikatti Street: Rs 1,380 per sq.ft (2024)
• Ambedkar Street: Rs 825 per sq.ft (2024)
• Annal Gandhi 1st Cross Street: Rs 550 per sq.ft (2024)
• Annal Gandhi 2nd Cross: Rs 550 per sq.ft (2024)
• Annal Gandhi Street: Rs 935 per sq.ft (2024)
• Anna Nagar 1st Cross Street: Rs 550 per sq.ft (2024)

Stamp duty and registration fee for property in Adidravidar B.G.Road

For a 1,000 sq.ft plot at the current rate of Rs 1,210 per sq.ft, the guideline value amounts to Rs 12,10,000. The stamp duty at 7% would be Rs 84,700, and the registration fee at 2% would be Rs 24,200, bringing the total to Rs 1,08,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

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

Which Sub Registrar Office covers Adidravidar B.G.Road?

The Sub Registrar Office that covers Adidravidar B.G.Road is the Thirukazhukundram Sub Registrar Office, located at Thiruchengode - 637 211, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is a crucial factor in the registration process when buying or selling property in Mamallapuram. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid at the time of registration.

When a property is sold, the guideline value or the sale price is considered, and the higher amount is used to calculate the applicable duties and fees. This ensures that the government receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Adidravidar B.G.Road?

The current guideline value of Adidravidar B.G.Road is Rs 1,210 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 850 per sq.ft in 2012 to Rs 1,210 per sq.ft in 2024, with various revisions in between, including a significant increase from Rs 569 per sq.ft in 2017 to Rs 1,100 per sq.ft in 2023.

What is the land classification of Adidravidar B.G.Road?

Adidravidar B.G.Road is classified as Residential Class III Type - I, indicating its suitability for residential purposes.

How is the stamp duty calculated for properties in Mamallapuram?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, for a property with a guideline value of Rs 12,10,000, the stamp duty would be calculated accordingly.

Which Sub Registrar Office should I visit for property transactions in Mamallapuram?

The Thirukazhukundram Sub Registrar Office covers property transactions in Mamallapuram. The office is located at Thiruchengode - 637 211, Chengalpattu registration zone.