Guideline Value for Adidravider Kudieruppu

Adidravider Kudieruppu guideline value

The current guideline value of Adidravider Kudieruppu is Rs 165 per sq.ft, effective from 1 July 2024. This area is located in Nochimedu village, under the Poonamallee SRO, and is classified as Residential Class II Type - I.

How the guideline value of Adidravider Kudieruppu has changed

The guideline value for Adidravider Kudieruppu has seen several revisions over the years. The earliest recorded revision was in 2012, where the value was Rs 150 per sq.ft. This value remained the same until the next revision in 2017, which saw a decrease to Rs 100 per sq.ft. Following this, the guideline value increased significantly to Rs 150 per sq.ft in 2023, and further rose to Rs 165 per sq.ft in the 2024 revision, marking a 10% increase from the previous year.

In summary, the changes in the guideline value from 2012 to 2024 show an overall increase of 10%. Specifically, from 2017 to 2023, there was a 50% increase, while the 2012 to 2017 period experienced a decrease of 33%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Nochimedu

In Nochimedu, there are three streets under the Poonamallee SRO that carry a 2024 guideline value. The values range from Rs 165 to Rs 1,100 per sq.ft, with a median value of Rs 330 per sq.ft. Adidravider Kudieruppu's 2024 guideline value is below this median.

• Karpagam Garden: Rs 1,100 per sq.ft (2024)
• Shree Vaari Nagar: Rs 330 per sq.ft (2024)

Stamp duty and registration fee for property in Adidravider Kudieruppu

For a 1,000 sq.ft plot at the current rate of Rs 165 per sq.ft, the guideline value would be Rs 1,65,000. The stamp duty at 7% would amount to Rs 11,550, and the registration fee at 2% would be Rs 3,300, bringing the total to Rs 14,850. It is important to note that the stamp 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 Adidravider Kudieruppu?

The Sub Registrar Office that covers Adidravider Kudieruppu is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056. You can find more details by visiting the find your SRO page.

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

The guideline value is a crucial factor in the registration process for property transactions in Nochimedu. It serves as a benchmark for determining the stamp duty and registration fees that need to be paid during the transfer of property ownership.

When buying or selling property, the guideline value helps ensure that the transaction is recorded accurately and that the appropriate taxes are collected by the government. It is essential for both buyers and sellers to be aware of the current guideline value to avoid any discrepancies during the registration process.

Frequently asked questions

What is the current guideline value of Adidravider Kudieruppu?

The current guideline value of Adidravider Kudieruppu is Rs 165 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 150 per sq.ft in 2012 to Rs 165 per sq.ft in 2024, with various increases and decreases in between.

What is the registration office for Adidravider Kudieruppu?

The registration office for Adidravider Kudieruppu is the Poonamallee Sub Registrar Office, located at No.332 U + 9cc Malma Nagar Poonamallee Chennai - 600056.

What are the stamp duty and registration fees for property transactions?

The stamp duty is calculated at 7% of the guideline value, while the registration fee is charged at 2%. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 14,850.

Are there other streets in Nochimedu with different guideline values?

Yes, there are other streets in Nochimedu with different guideline values. For instance, Karpagam Garden has a guideline value of Rs 1,100 per sq.ft, while Shree Vaari Nagar has a value of Rs 330 per sq.ft.