Guideline Value for Adidravidar Street

Adidravidar Street guideline value

The current guideline value of Adidravidar Street, located in Karasangal village, is Rs 115 per sq.ft. This value is set by the Acchirapakkam SRO and falls under the Residential Class II Type - I land classification.

How the guideline value of Adidravidar Street has changed

In the 2017 revision, the guideline value for Adidravidar Street was Rs 17 per sq.ft. This figure remained unchanged in the subsequent revisions of 2023 and 2024, both recorded at Rs 115 per sq.ft. Notably, the increase from 2017 to 2023 was a significant 576%, and the overall change from 2017 to 2024 also reflects a 576% increase.

The register has no figures for the years 2002, 2003, 2007, and 2012 for this street. Therefore, the only relevant revisions are from 2017, 2023, and 2024, highlighting the substantial rise in the guideline value over the years.

Guideline values in Karasangal

In Karasangal village, there are 16 streets under the Acchirapakkam SRO that carry a 2024 guideline value, ranging from Rs 103 to Rs 115 per sq.ft. Adidravidar Street's 2024 value of Rs 115 per sq.ft is above the median value of Rs 103 per sq.ft for the village.

• Agraharam: Rs 103 per sq.ft (2024)
• Attrankarai Street: Rs 103 per sq.ft (2024)
• Harijana Street: Rs 103 per sq.ft (2024)
• Keela Street: Rs 103 per sq.ft (2024)
• Kela Attrankarai Street: Rs 103 per sq.ft (2024)
• Kudiyana Street: Rs 103 per sq.ft (2024)

Stamp duty and registration fee for property in Adidravidar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 115 per sq.ft, the total guideline value would be Rs 1,15,000. The stamp duty at 7% would amount to Rs 8,050, and the registration fee at 2% would be Rs 2,300, making the total fees together Rs 10,350. Please note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more information on fees applicable to your property transaction.

Which Sub Registrar Office covers Adidravidar Street?

The Sub Registrar Office that covers Adidravidar Street is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone. You can find your SRO for more details.

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

The guideline value is an important factor in property transactions, as it determines the minimum value on which stamp duty and registration fees are calculated. When buying or selling property in Karasangal, the guideline value helps ensure that the transaction is recorded at a fair and standardized rate.

It is crucial for buyers and sellers to be aware of the guideline value when negotiating property prices, as it can influence the final sale price and the associated costs of registration and stamp duty.

Frequently asked questions

What is the current guideline value of Adidravidar Street?

The current guideline value of Adidravidar Street is Rs 115 per sq.ft, effective from 1 July 2024.

How much has the guideline value changed over the years?

The guideline value increased from Rs 17 per sq.ft in 2017 to Rs 115 per sq.ft in 2023 and 2024, marking a 576% increase overall.

What is the land classification for Adidravidar Street?

Adidravidar Street falls under the Residential Class II Type - I land classification.

Where can I find the Sub Registrar Office for Adidravidar Street?

The Sub Registrar Office for Adidravidar Street is the Acchirapakkam Sub Registrar Office, located at No.70, Bazzar Street, Acchirapakkam-603301, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, on a property valued at Rs 1,15,000, the total fees would amount to Rs 10,350.