Guideline Value for Adinath Nagar (Ward 11)

Adinath Nagar (Ward 11) guideline value

The current guideline value of Adinath Nagar (Ward 11) is Rs 2,200 per sq.ft, effective from 1 July 2024. This area is located in Madhavaram village under the Madhavaram SRO and is classified as Residential Class I Type - I.

How the guideline value of Adinath Nagar (Ward 11) has changed

The guideline value for Adinath Nagar has seen several revisions over the years. In 2012, the guideline value was Rs 1,200 per sq.ft, which increased to Rs 1,340 per sq.ft in 2017, marking a rise of 12%. The value then jumped significantly to Rs 2,000 per sq.ft in 2023, a 49% increase from the previous figure. The most recent revision in 2024 set the guideline value at Rs 2,200 per sq.ft, reflecting a 10% increase from 2023.

There are no figures available for the years 2002, 2003, and 2007 in the register for this street. Overall, from 2012 to 2024, the guideline value has increased by 83%.

Guideline values in Madhavaram

In Madhavaram, there are 1,946 streets under the Madhavaram SRO that carry a 2024 guideline value ranging from Rs 1,300 to Rs 7,500 per sq.ft, with a median value of Rs 1,600 per sq.ft. The guideline value of Adinath Nagar is above this median.

• Adhivasi Colony: Rs 1,300 per sq.ft (2024)
• Adhi Sesha Nagar (Ponniamman Medu): Rs 1,300 per sq.ft (2024)
• Adhi Nagar: Rs 1,300 per sq.ft (2024)
• A.D.V. Nagar (Ward-01): Rs 1,600 per sq.ft (2024)
• Adhilakshmi Nagar (Ward No.26): Rs 1,300 per sq.ft (2024)
• Abirami Nagar (Ward-29): Rs 1,300 per sq.ft (2024)

Stamp duty and registration fee for property in Adinath Nagar (Ward 11)

For a 1,000 sq.ft plot at the current rate of Rs 2,200 per sq.ft, the 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, totaling Rs 1,98,000. It is important to note that duty is charged on the higher of the guideline value and the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Adinath Nagar (Ward 11)?

The Sub Registrar Office that covers Adinath Nagar (Ward 11) is the Madhavaram Sub Registrar Office, located at No.7, Roja Nagar, Madhavaram, Chennai-600060. You can find your SRO for more information.

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

The guideline value is a crucial reference point when registering property transactions in Madhavaram. It helps determine the stamp duty and registration fees applicable on the property sale, ensuring that the transaction is recorded accurately in the government registry.

When you buy or sell property in Adinath Nagar, the guideline value serves as a baseline for calculating the costs associated with the registration process. This ensures transparency and compliance with local regulations during property transactions.

Frequently asked questions

What is the current guideline value of Adinath Nagar (Ward 11)?

The current guideline value of Adinath Nagar (Ward 11) 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 from Rs 1,200 per sq.ft in 2012 to Rs 2,200 per sq.ft in 2024, marking an overall increase of 83% over this period.

What is the stamp duty for property in Adinath Nagar?

The stamp duty for property in Adinath Nagar is 7% of the guideline value or sale price, whichever is higher. For a property valued at Rs 22,00,000, the stamp duty would be Rs 1,54,000.

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

You should visit the Madhavaram Sub Registrar Office located at No.7, Roja Nagar, Madhavaram, Chennai-600060 for property transactions in Adinath Nagar (Ward 11).

What are the guideline values of other streets in Madhavaram?

Other streets in Madhavaram have varying guideline values, with rates ranging from Rs 1,300 to Rs 7,500 per sq.ft. Adinath Nagar's guideline value is above the median of Rs 1,600 per sq.ft for the area.