Guideline Value for Adimoola Perumal Street (Adikesavaperumal Koil Street)

Adimoola Perumal Street (Adikesavaperumal Koil Street) guideline value

The current guideline value of Adimoola Perumal Street (Adikesavaperumal Koil Street) is Rs 4,400 per sq.ft, effective from 1 July 2024. This street is located in Saligramam village, under the Virugambakkam SRO, and is classified as Residential Class II Type - I.

How the guideline value of Adimoola Perumal Street (Adikesavaperumal Koil Street) has changed

Over the years, the guideline value for Adimoola Perumal Street has seen significant changes. The 2007 revision set the value at Rs 850 per sq.ft, which increased drastically to Rs 4,000 per sq.ft in 2012, marking a rise of 371%. However, from 2012 to 2017, the value decreased to Rs 2,680 per sq.ft, a drop of 33%. The subsequent revisions saw a substantial increase, with the value rising to Rs 4,000 per sq.ft in 2023, and then to Rs 4,400 per sq.ft in 2024, reflecting a 10% increase from the previous year. The register has no figure for this street for the years 2002 and 2003.

From 2017 to 2023, there was a notable increase of 49% in the guideline value. Overall, the guideline value has increased by 418% from the 2007 revision to the current 2024 figure.

Guideline values in Saligramam

In Saligramam, there are 333 streets under the Virugambakkam SRO, with guideline values ranging from Rs 2,750 to Rs 13,200 per sq.ft. The median guideline value for these streets is Rs 4,400 per sq.ft, which is equal to the current value for Adimoola Perumal Street.

• Adisan Colony: Rs 4,400 per sq.ft (2024)
• Abusali Road: Rs 7,150 per sq.ft (2024)
• Ambethkar Colony (Gunamanam Colony): Rs 3,300 per sq.ft (2024)
• Ambethkar Street: Rs 3,300 per sq.ft (2024)
• Ameethiya Thottam 1st Street: Rs 3,300 per sq.ft (2024)
• Ameethiya Thottam 2nd Street: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Adimoola Perumal Street (Adikesavaperumal Koil Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 4,400 per sq.ft, the total guideline value would be Rs 44,00,000. The stamp duty at 7% would amount to Rs 3,08,000, and the registration fee at 2% would be Rs 88,000, bringing the total to Rs 3,96,000. It is important to note that the 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 Adimoola Perumal Street (Adikesavaperumal Koil Street)?

The Sub Registrar Office covering Adimoola Perumal Street is the Virugambakkam Sub Registrar Office, located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037. You can find your SRO for more information.

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

The guideline value plays a crucial role in the registration of property transactions in Saligramam. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the government receives appropriate revenue from stamp duties and registration fees.

When buying or selling a property, it is essential to be aware of the guideline value, as it affects the overall cost of the transaction. Buyers should ensure that the sale price is not lower than the guideline value to avoid complications during registration.

Frequently asked questions

What is the current guideline value for Adimoola Perumal Street?

The current guideline value for Adimoola Perumal Street (Adikesavaperumal Koil Street) is Rs 4,400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly from Rs 850 per sq.ft in 2007 to Rs 4,400 per sq.ft in 2024, reflecting an overall increase of 418% over the years.

What is the stamp duty rate for properties in this area?

The stamp duty rate for properties in Adimoola Perumal Street is 7% of the guideline value or the sale price, whichever is higher.

Where can I find the Sub Registrar Office for this street?

The Sub Registrar Office for Adimoola Perumal Street is located at No. 576 Mogappair West, Ambattur Industrial Estate, Chennai 600 037.

What is the range of guideline values for other streets in Saligramam?

The guideline values for other streets in Saligramam range from Rs 2,750 to Rs 13,200 per sq.ft, with a median of Rs 4,400 per sq.ft.