Guideline Value for Adinaidu Street

Adinaidu Street guideline value

The current guideline value of Adinaidu Street is Rs 2,200 per sq.ft, effective from 1 July 2024. This street is located in Cantonment Pallavaram village, under the Pallavaram SRO, and is classified as Residential Class III Type - I.

How the guideline value of Adinaidu Street has changed

Adinaidu Street has seen several revisions in its guideline value over the years. In 2003, the guideline value was Rs 174 per sq.ft, which increased to Rs 300 per sq.ft in 2007. The value then surged significantly to Rs 2,000 per sq.ft in 2012, but dropped to Rs 1,340 per sq.ft in 2017. Following this, the value rose to Rs 2,000 per sq.ft in 2023, and currently stands at Rs 2,200 per sq.ft as of the 2024 revision. The register has no figure for the year 2002 for this street.

From 2017 to 2023, the guideline value increased by 49%. The 2023 to 2024 revision reflects a 10% increase. Notably, the overall change from 2003 to 2024 is a substantial increase of 1164%.

Guideline values in Cantonment Pallavaram

Cantonment Pallavaram has a total of 81 streets under the Pallavaram SRO, with guideline values ranging from Rs 1,650 to Rs 11,000 per sq.ft. The median guideline value for these streets is Rs 2,700 per sq.ft, indicating that Adinaidu Street's current value is below this median.

• Abdulrazak Street: Rs 3,850 per sq.ft (2024)
• Albert Lane: Rs 2,200 per sq.ft (2024)
• Anthoniya Street: Rs 2,200 per sq.ft (2024)
• Appavoo Naicken Street: Rs 2,700 per sq.ft (2024)
• Arian Street: Rs 2,200 per sq.ft (2024)
• Arumalai Chavadi: Rs 3,300 per sq.ft (2024)

Stamp duty and registration fee for property in Adinaidu Street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, making the total cost for these fees Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. For more details, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Adinaidu Street?

The Sub Registrar Office that covers Adinaidu Street is the Pallavaram Sub Registrar Office, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044, Chengalpattu registration zone. You can find your SRO for more information.

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

The guideline value is a crucial factor during property registration in Cantonment Pallavaram. It serves as the minimum value for calculating the stamp duty and registration fees, ensuring that the government receives its due revenue from property transactions.

When buying or selling 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 at least equal to the guideline value to avoid any complications during registration.

Frequently asked questions

What is the current guideline value of Adinaidu Street?

The current guideline value of Adinaidu Street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed significantly, increasing from Rs 174 per sq.ft in 2003 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 1164% over this period.

What are the other streets in Cantonment Pallavaram?

Other streets in Cantonment Pallavaram include Abdulrazak Street, Albert Lane, Anthoniya Street, Appavoo Naicken Street, Arian Street, and Arumalai Chavadi, with varying guideline values.

What are the stamp duty and registration fees for property in Adinaidu Street?

The stamp duty is 7% and the registration fee is 2% of the guideline value. For a 1,000 sq.ft plot, the total fees would amount to Rs 1,98,000.

Which office handles property registrations for Adinaidu Street?

The Pallavaram Sub Registrar Office handles property registrations for Adinaidu Street, located at 7th Main Road, New Colony, Chromepet, Jameen Pallavaram, Chennai-600044.